Raymond James Financial Inc. Takes $14.87 Million Position in Charter Communications, Inc. (NASDAQ:CHTR)

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

Other institutional investors and hedge funds also recently bought and sold shares of the company. Franklin Resources Inc. lifted its stake in Charter Communications by 4.9% during the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock valued at $1,052,868,000 after buying an additional 148,003 shares in the last quarter. Geode Capital Management LLC lifted its stake in Charter Communications by 0.6% during the third quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company's stock valued at $785,744,000 after buying an additional 13,430 shares in the last quarter. FMR LLC lifted its stake in Charter Communications by 27.7% during the third quarter. FMR LLC now owns 1,064,948 shares of the company's stock valued at $345,128,000 after buying an additional 230,817 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Charter Communications by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 847,921 shares of the company's stock valued at $290,642,000 after buying an additional 23,225 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in Charter Communications by 3.0% during the fourth quarter. Allianz Asset Management GmbH now owns 352,378 shares of the company's stock valued at $120,785,000 after buying an additional 10,247 shares in the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of analysts have commented on CHTR shares. Royal Bank of Canada upped their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the company a "sector perform" rating in a research note on Monday, February 3rd. KeyCorp raised shares of Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price objective for the company in a research note on Thursday, December 12th. Citigroup started coverage on shares of Charter Communications in a research note on Friday, March 14th. They set a "buy" rating and a $425.00 price objective for the company. BNP Paribas upgraded Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 target price on the stock in a report on Tuesday, November 26th. Finally, Barclays upped their target price on Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $389.39.

Charter Communications Stock Up 0.3 %

NASDAQ:CHTR traded up $1.23 during mid-day trading on Friday, reaching $363.81. The stock had a trading volume of 1,569,789 shares, compared to its average volume of 1,194,285. The stock has a market cap of $51.73 billion, a P/E ratio of 10.41, a PEG ratio of 0.44 and a beta of 1.13. 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 business's 50 day moving average is $356.74 and its 200 day moving average is $354.94. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) 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 company earned $7.07 earnings per share. As a group, sell-side analysts predict that Charter Communications, Inc. will post 38.16 earnings per share 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.