Commerzbank Aktiengesellschaft FI Increases Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Commerzbank Aktiengesellschaft FI increased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 35.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 981 shares of the company’s stock after buying an additional 257 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Charter Communications were worth $337,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Chemistry Wealth Management LLC boosted its holdings in Charter Communications by 4.8% during the fourth quarter. Chemistry Wealth Management LLC now owns 660 shares of the company’s stock worth $226,000 after buying an additional 30 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Charter Communications by 3.4% during the fourth quarter. Jones Financial Companies Lllp now owns 904 shares of the company’s stock worth $310,000 after buying an additional 30 shares in the last quarter. US Bancorp DE boosted its holdings in Charter Communications by 0.4% during the third quarter. US Bancorp DE now owns 7,370 shares of the company’s stock worth $2,388,000 after buying an additional 31 shares in the last quarter. Allworth Financial LP raised its position in Charter Communications by 16.4% during the fourth quarter. Allworth Financial LP now owns 256 shares of the company’s stock worth $90,000 after acquiring an additional 36 shares during the period. Finally, Brooklyn Investment Group raised its position in Charter Communications by 5.8% during the fourth quarter. Brooklyn Investment Group now owns 671 shares of the company’s stock worth $230,000 after acquiring an additional 37 shares during the period. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Trading Up 2.7 %

Shares of CHTR stock opened at $378.42 on Thursday. 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 firm has a market cap of $53.81 billion, a PE ratio of 10.82, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. The company has a 50-day moving average of $353.56 and a two-hundred day moving average of $354.12. 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 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 net margin of 9.23% and a return on equity of 29.01%. During the same quarter last year, the firm earned $7.07 earnings per share. On average, analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CHTR. KeyCorp upgraded 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 report on Thursday, December 12th. BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective for the company in a research report on Tuesday, November 26th. Royal Bank of Canada upped 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 report on Monday, February 3rd. Benchmark restated a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a research report on Friday, January 31st. Finally, Barclays upped their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Four equities research 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, Charter Communications presently has an average rating of “Hold” and an average price target of $384.42.

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.