CIBC Asset Management Inc Boosts Stake in Charter Communications, Inc. (NASDAQ:CHTR)

CIBC Asset Management Inc lifted its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 3.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,249 shares of the company’s stock after purchasing an additional 1,224 shares during the period. CIBC Asset Management Inc’s holdings in Charter Communications were worth $13,796,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Sanctuary Advisors LLC increased its stake in Charter Communications by 2.2% in the 4th quarter. Sanctuary Advisors LLC now owns 6,293 shares of the company’s stock worth $2,118,000 after buying an additional 134 shares in the last quarter. Sierra Ocean LLC purchased a new stake in Charter Communications in the 4th quarter worth $32,000. Allworth Financial LP increased its stake in Charter Communications by 16.4% in the 4th quarter. Allworth Financial LP now owns 256 shares of the company’s stock worth $90,000 after buying an additional 36 shares in the last quarter. Principal Securities Inc. increased its stake in Charter Communications by 29.1% in the 4th quarter. Principal Securities Inc. now owns 492 shares of the company’s stock worth $169,000 after buying an additional 111 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its stake in Charter Communications by 4.4% in the 4th quarter. Valeo Financial Advisors LLC now owns 1,126 shares of the company’s stock worth $386,000 after buying an additional 47 shares in the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Stock Up 0.4 %

Shares of NASDAQ CHTR opened at $361.74 on Wednesday. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.34. The company has a market cap of $51.44 billion, a P/E ratio of 10.35, a PEG ratio of 0.43 and a beta of 1.11. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The firm has a 50-day simple moving average of $354.08 and a two-hundred day simple moving average of $353.62.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share (EPS) 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 period in the prior year, the company earned $7.07 earnings per share. Research analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CHTR shares. Pivotal Research increased their price target on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Wells Fargo & Company increased their price objective on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. BNP Paribas raised shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective for the company in a report on Tuesday, November 26th. Benchmark reissued a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a report on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $384.42.

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.