Pictet Asset Management Holding SA Raises Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Pictet Asset Management Holding SA increased its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 14.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 56,669 shares of the company's stock after acquiring an additional 7,043 shares during the period. Pictet Asset Management Holding SA's holdings in Charter Communications were worth $19,424,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. New Age Alpha Advisors LLC purchased a new stake in Charter Communications in the 4th quarter valued at about $593,000. Norges Bank bought a new stake in shares of Charter Communications during the fourth quarter valued at approximately $1,032,236,000. NEOS Investment Management LLC boosted its holdings in shares of Charter Communications by 18.7% in the fourth quarter. NEOS Investment Management LLC now owns 14,379 shares of the company's stock valued at $4,929,000 after purchasing an additional 2,263 shares during the period. UniSuper Management Pty Ltd grew its stake in Charter Communications by 19.1% in the fourth quarter. UniSuper Management Pty Ltd now owns 8,694 shares of the company's stock worth $2,980,000 after purchasing an additional 1,393 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Charter Communications by 6.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 159,570 shares of the company's stock worth $57,182,000 after purchasing an additional 9,800 shares during the period. Hedge funds and other institutional investors own 81.76% of the company's stock.

Charter Communications Stock Down 8.2 %

NASDAQ CHTR traded down $30.11 during trading on Friday, hitting $338.29. The company's stock had a trading volume of 1,834,015 shares, compared to its average volume of 1,230,751. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market cap of $48.02 billion, a PE ratio of 9.68, a P/E/G ratio of 0.44 and a beta of 1.12. The business's 50 day simple moving average is $360.56 and its 200-day simple moving average is $357.63.

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Charter Communications (NASDAQ:CHTR - Get Free Report) last released its earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping the consensus estimate of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same quarter in the prior year, the firm posted $7.07 EPS. On average, equities analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CHTR has been the topic of a number of recent research reports. KeyCorp raised 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. Barclays increased their target price on shares of Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a report on Monday, February 3rd. Citigroup assumed coverage on shares of Charter Communications in a report on Friday, March 14th. They issued a "buy" rating and a $425.00 price target for the company. StockNews.com downgraded shares of Charter Communications from a "buy" rating to a "hold" rating in a research note on Friday. Finally, Benchmark restated a "buy" rating and set a $450.00 target price on shares of Charter Communications in a report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $393.18.

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.