Union Bancaire Privee UBP SA Takes $55,000 Position in Charter Communications, Inc. (NASDAQ:CHTR)

Union Bancaire Privee UBP SA purchased a new position in Charter Communications, Inc. (NASDAQ:CHTR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 175 shares of the company’s stock, valued at approximately $55,000.

A number of other large investors also recently added to or reduced their stakes in CHTR. Chemistry Wealth Management LLC grew its stake in Charter Communications by 4.8% during the 4th quarter. Chemistry Wealth Management LLC now owns 660 shares of the company’s stock valued at $226,000 after acquiring an additional 30 shares in the last quarter. US Bancorp DE grew its holdings in shares of Charter Communications by 0.4% in the third quarter. US Bancorp DE now owns 7,370 shares of the company’s stock valued at $2,388,000 after purchasing an additional 31 shares during the period. Allworth Financial LP increased 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 purchasing an additional 36 shares during the last quarter. Brooklyn Investment Group raised its stake 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 purchasing an additional 37 shares during the period. Finally, Avior Wealth Management LLC boosted its holdings in Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after purchasing an additional 45 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CHTR shares. Benchmark restated a “buy” rating and set a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. Barclays raised their target price on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price target on the stock in a research note on Tuesday, November 26th. JPMorgan Chase & Co. raised their price objective on Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Finally, Bank of America raised shares of Charter Communications from a “neutral” rating to a “buy” rating and upped their target price for the company from $385.00 to $450.00 in a research report on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Charter Communications has a consensus rating of “Hold” and a consensus price target of $384.42.

Charter Communications Price Performance

Shares of NASDAQ CHTR opened at $358.59 on Wednesday. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market cap of $50.99 billion, a price-to-earnings ratio of 10.26, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. The stock’s 50-day moving average is $352.02 and its two-hundred day moving average is $353.59. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, February 7th. The company reported $10.10 earnings per share 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 quarter last year, the business earned $7.07 EPS. Analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current fiscal 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.