759 Shares in Charter Communications, Inc. (NASDAQ:CHTR) Acquired by SVB Wealth LLC

SVB Wealth LLC bought a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 759 shares of the company’s stock, valued at approximately $260,000.

A number of other hedge funds also recently bought and sold shares of the stock. Franklin Resources Inc. lifted its holdings in Charter Communications by 4.9% during the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after buying an additional 148,003 shares during the period. Geode Capital Management LLC lifted its holdings 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 worth $785,744,000 after buying an additional 13,430 shares during the period. FMR LLC lifted its holdings in Charter Communications by 27.7% during the third quarter. FMR LLC now owns 1,064,948 shares of the company’s stock worth $345,128,000 after buying an additional 230,817 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Charter Communications by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company’s stock worth $267,267,000 after buying an additional 7,008 shares during the period. Finally, Cryder Capital Partners LLP lifted its holdings in Charter Communications by 8.0% during the third quarter. Cryder Capital Partners LLP now owns 533,036 shares of the company’s stock worth $172,746,000 after buying an additional 39,334 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. BNP Paribas upgraded 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 reiterated a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. Barclays increased their price objective on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a report on Thursday, December 12th. Finally, Royal Bank of Canada increased their price objective on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $384.42.

Charter Communications Stock Performance

Shares of CHTR stock opened at $378.42 on Thursday. The business has a fifty day moving average of $353.56 and a 200 day moving average of $354.12. The firm has a market capitalization of $53.81 billion, a price-to-earnings ratio of 10.82, a price-to-earnings-growth 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. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping the consensus estimate 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 prior year, the company posted $7.07 EPS. As a group, research analysts expect 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.