Raymond James Financial Inc. Buys Shares of 43,381 Charter Communications, Inc. (NASDAQ:CHTR)

Raymond James Financial Inc. acquired a new stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 43,381 shares of the company's stock, valued at approximately $14,870,000.

Several other large investors have also recently made changes to their positions in CHTR. Greenland Capital Management LP bought a new stake in shares of Charter Communications in the fourth quarter valued at approximately $935,000. Bank of Nova Scotia raised its holdings in shares of Charter Communications by 3.8% during the 4th quarter. Bank of Nova Scotia now owns 12,763 shares of the company's stock valued at $4,375,000 after buying an additional 470 shares in the last quarter. Renaissance Technologies LLC raised its position in Charter Communications by 62.3% in the 4th quarter. Renaissance Technologies LLC now owns 274,500 shares of the company's stock worth $94,090,000 after purchasing an additional 105,400 shares during the period. Quadrant Capital Group LLC grew its position in Charter Communications by 4.2% during the 4th quarter. Quadrant Capital Group LLC now owns 740 shares of the company's stock worth $254,000 after acquiring an additional 30 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Charter Communications by 45.1% in the 4th quarter. Russell Investments Group Ltd. now owns 159,775 shares of the company's stock worth $54,770,000 after acquiring an additional 49,647 shares during the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CHTR. Wells Fargo & Company decreased their price objective on shares of Charter Communications from $400.00 to $380.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Barclays lifted their price objective on Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research report on Monday, February 3rd. Citigroup began coverage on Charter Communications in a research report on Friday, March 14th. They issued a "buy" rating and a $425.00 target price for the company. Benchmark restated a "buy" rating and set a $450.00 price target on shares of Charter Communications in a research report on Friday, January 31st. Finally, StockNews.com raised Charter Communications from a "hold" rating to a "buy" rating in a research report on Tuesday. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $387.88.

Charter Communications Stock Performance

CHTR traded down $2.18 during mid-day trading on Thursday, reaching $335.33. 2,171,283 shares of the company traded hands, compared to its average volume of 1,251,974. The company's fifty day moving average price is $355.62 and its 200-day moving average price is $358.08. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The stock has a market capitalization of $47.60 billion, a P/E ratio of 9.59, a P/E/G ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its 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 net margin of 9.23% and a return on equity of 29.01%. During the same quarter last year, the business earned $7.07 earnings per share. On average, sell-side analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current year.

About Charter Communications

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.