Candriam S.C.A. Grows Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Candriam S.C.A. grew its position in Charter Communications, Inc. (NASDAQ:CHTR) by 8.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,551 shares of the company’s stock after acquiring an additional 529 shares during the quarter. Candriam S.C.A.’s holdings in Charter Communications were worth $2,245,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CHTR. Ashton Thomas Securities LLC purchased a new position in shares of Charter Communications in the third quarter valued at approximately $28,000. Avior Wealth Management LLC lifted its position in Charter Communications by 104.7% during 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 in the last quarter. Sierra Ocean LLC purchased a new position in Charter Communications during the fourth quarter worth approximately $32,000. Wingate Wealth Advisors Inc. purchased a new position in Charter Communications during the fourth quarter worth approximately $45,000. Finally, Union Bancaire Privee UBP SA purchased a new position in Charter Communications during the fourth quarter worth approximately $55,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Down 0.9 %

CHTR opened at $379.52 on Monday. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27. The stock has a market capitalization of $53.97 billion, a price-to-earnings ratio of 10.86, 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 has a fifty day moving average price of $354.80 and a 200 day moving average price of $354.61.

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

Analyst Ratings Changes

A number of brokerages recently commented on CHTR. Benchmark reiterated a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a research report on Friday, January 31st. KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a research report on Thursday, December 12th. BNP Paribas upgraded Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective on the stock in a research report on Tuesday, November 26th. Barclays lifted their price objective on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada lifted their target price on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.