Mizuho Securities USA LLC Grows Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Mizuho Securities USA LLC lifted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 45.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,164 shares of the company's stock after acquiring an additional 2,870 shares during the quarter. Mizuho Securities USA LLC's holdings in Charter Communications were worth $3,141,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of CHTR. Avior Wealth Management LLC boosted its position in Charter Communications by 104.7% during the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock worth $30,000 after purchasing an additional 45 shares in the last quarter. Sierra Ocean LLC acquired a new position in shares of Charter Communications during the 4th quarter worth approximately $32,000. Generali Asset Management SPA SGR purchased a new position in shares of Charter Communications during the 4th quarter valued at approximately $36,000. Wingate Wealth Advisors Inc. acquired a new stake in Charter Communications in the 4th quarter valued at $45,000. Finally, Union Bancaire Privee UBP SA purchased a new stake in Charter Communications in the 4th quarter worth $55,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CHTR shares. Royal Bank of Canada lifted their target price on shares of Charter Communications from $380.00 to $385.00 and gave the company a "sector perform" rating in a research report on Monday, February 3rd. BNP Paribas upgraded Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 price objective on the stock in a report on Tuesday, November 26th. StockNews.com cut Charter Communications from a "buy" rating to a "hold" rating in a report on Wednesday. Benchmark reaffirmed a "buy" rating and issued a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. Finally, Citigroup began coverage on Charter Communications in a research report on Friday, March 14th. They set a "buy" rating and a $425.00 price target for the company. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Charter Communications presently has an average rating of "Hold" and a consensus price target of $389.39.

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Charter Communications Trading Up 2.6 %

Charter Communications stock traded up $9.76 during mid-day trading on Wednesday, hitting $384.77. The company's stock had a trading volume of 1,371,619 shares, compared to its average volume of 1,195,069. The stock's fifty day moving average is $358.64 and its two-hundred day moving average is $355.96. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The firm has a market capitalization of $54.71 billion, a PE ratio of 11.01, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping 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 previous year, the firm posted $7.07 earnings per share. On average, analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current year.

Charter Communications Company 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.