Charter Communications, Inc. (NASDAQ:CHTR) Shares Bought by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI grew its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 35.5% during the fourth quarter, Holdings Channel reports. The firm owned 981 shares of the company’s stock after purchasing an additional 257 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Charter Communications were worth $337,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in Charter Communications during the third quarter worth approximately $28,000. Avior Wealth Management LLC increased its holdings in shares of 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 acquiring an additional 45 shares during the period. Sierra Ocean LLC acquired a new position in shares of Charter Communications in the 4th quarter valued at $32,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Charter Communications in the 4th quarter valued at $45,000. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Charter Communications in the 4th quarter valued at $55,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Price Performance

Charter Communications stock opened at $378.42 on Thursday. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The firm’s 50-day simple moving average is $353.56 and its 200 day simple moving average is $354.12. The firm has a market capitalization of $53.81 billion, a PE ratio of 10.82, a P/E/G ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data 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 net margin of 9.23% and a return on equity of 29.01%. During the same period last year, the firm posted $7.07 EPS. On average, equities research analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CHTR shares. Barclays lifted their target price on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Benchmark reaffirmed a “buy” rating and issued a $450.00 target price on shares of Charter Communications in a report on Friday, January 31st. Royal Bank of Canada lifted their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. KeyCorp upgraded shares of 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. Finally, BNP Paribas upgraded shares of 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. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $384.42.

About Charter Communications

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.