Proficio Capital Partners LLC Invests $33.49 Million in Charter Communications, Inc. (NASDAQ:CHTR)

Proficio Capital Partners LLC purchased a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 97,689 shares of the company's stock, valued at approximately $33,485,000. Proficio Capital Partners LLC owned about 0.07% of Charter Communications as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in Charter Communications during the 3rd quarter worth approximately $28,000. Avior Wealth Management LLC boosted its position in Charter Communications by 104.7% during the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock worth $30,000 after acquiring an additional 45 shares during the last quarter. Sierra Ocean LLC acquired a new position in Charter Communications during the 4th quarter worth approximately $32,000. Wingate Wealth Advisors Inc. acquired a new position in Charter Communications during the 4th quarter worth approximately $45,000. Finally, Union Bancaire Privee UBP SA acquired a new position in Charter Communications during the 4th quarter worth approximately $55,000. Institutional investors and hedge funds own 81.76% of the company's stock.

Analysts Set New Price Targets

CHTR has been the subject of a number of recent research reports. Benchmark reaffirmed a "buy" rating and set a $450.00 price target on shares of Charter Communications in a research report on Friday, January 31st. KeyCorp upgraded Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price objective on the stock in a research note on Thursday, December 12th. 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 research note on Tuesday, November 26th. Barclays upped their price objective on Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a research note on Monday, February 3rd. Finally, Citigroup started coverage on Charter Communications in a research note on Friday. They set a "buy" rating and a $425.00 price objective on the stock. Four analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $388.37.

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Charter Communications Stock Performance

NASDAQ CHTR traded up $0.37 on Tuesday, reaching $354.45. The stock had a trading volume of 1,094,243 shares, compared to its average volume of 1,187,671. 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 firm has a fifty day moving average of $355.69 and a two-hundred day moving average of $354.73. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27. The company has a market cap of $50.40 billion, a P/E ratio of 10.14, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings data on Friday, February 7th. The company reported $10.10 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 period last year, the business posted $7.07 EPS. On average, 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.