Union Bancaire Privee UBP SA Makes New Investment in Charter Communications, Inc. (NASDAQ:CHTR)

Union Bancaire Privee UBP SA bought a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 175 shares of the company’s stock, valued at approximately $55,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CHTR. Reston Wealth Management LLC purchased a new stake in Charter Communications during the third quarter valued at approximately $26,000. Ashton Thomas Securities LLC purchased a new stake in Charter Communications during the 3rd quarter valued at $28,000. Avior Wealth Management LLC lifted its position in Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after buying an additional 45 shares during the last quarter. Sierra Ocean LLC purchased a new position in Charter Communications during the fourth quarter worth $32,000. Finally, Wingate Wealth Advisors Inc. bought a new position in Charter Communications during the fourth quarter valued at $45,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Stock Performance

Shares of CHTR stock opened at $358.59 on Wednesday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The company has a market cap of $50.99 billion, a PE ratio of 10.26, a PEG ratio of 0.44 and a beta of 1.11. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. The business’s fifty day simple moving average is $352.02 and its 200-day simple moving average is $353.59.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, February 7th. The company reported $10.10 EPS 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 period in the previous year, the firm posted $7.07 earnings per share. Analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Royal Bank of Canada raised their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. boosted their price objective on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Barclays upped their target price on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. Wells Fargo & Company lifted their price target on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Finally, Bank of America raised Charter Communications from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $385.00 to $450.00 in a research note on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average 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.