Lecap Asset Management Ltd. Takes $1.57 Million Position in Charter Communications, Inc. (NASDAQ:CHTR)

Lecap Asset Management Ltd. bought a new position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,566 shares of the company's stock, valued at approximately $1,565,000.

A number of other hedge funds have also bought and sold shares of the business. Reston Wealth Management LLC purchased a new position in shares of Charter Communications in the third quarter valued at $26,000. Ashton Thomas Securities LLC purchased a new stake in Charter Communications during the third quarter valued at about $28,000. Avior Wealth Management LLC increased its position in shares of Charter Communications by 104.7% during the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock valued at $30,000 after purchasing an additional 45 shares during the last quarter. Grove Bank & Trust boosted its stake in Charter Communications by 39.1% in the third quarter. Grove Bank & Trust now owns 121 shares of the company's stock worth $39,000 after buying an additional 34 shares in the last quarter. Finally, CVA Family Office LLC lifted its holdings in shares of Charter Communications by 31.3% in the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company's stock worth $48,000 after acquiring an additional 35 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CHTR shares. Barclays increased their price target on shares of Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research report on Monday, February 3rd. Morgan Stanley increased their price objective on Charter Communications from $360.00 to $415.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. Royal Bank of Canada raised their price target on Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. raised their price objective on shares of Charter Communications from $385.00 to $400.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. Finally, KeyCorp upgraded Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price target on the stock in a research report on Thursday, December 12th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Charter Communications has a consensus rating of "Hold" and a consensus target price of $384.42.

Charter Communications Price Performance

Charter Communications stock traded up $6.52 during midday trading on Tuesday, reaching $350.25. 299,945 shares of the stock traded hands, compared to its average volume of 1,196,352. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27. The stock has a market cap of $49.81 billion, a P/E ratio of 10.02, a PEG ratio of 0.43 and a beta of 1.11. The stock's fifty day moving average is $357.80 and its 200-day moving average is $354.31. The company has a quick ratio of 0.34, a current ratio of 0.31 and a debt-to-equity ratio of 4.73.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same quarter in the prior year, the firm earned $7.07 EPS. As a group, equities research analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current year.

Charter Communications Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.