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

Candriam S.C.A. raised its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 8.8% in the 4th quarter, Holdings Channel reports. The fund 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 filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Inceptionr LLC purchased a new stake in Charter Communications during the 4th quarter valued at approximately $1,003,000. Raymond James Financial Inc. purchased a new stake in Charter Communications during the 4th quarter valued at approximately $14,870,000. Proficio Capital Partners LLC purchased a new stake in Charter Communications during the 4th quarter valued at approximately $33,485,000. Assetmark Inc. raised its stake in Charter Communications by 8.8% during the 4th quarter. Assetmark Inc. now owns 5,232 shares of the company’s stock valued at $1,793,000 after acquiring an additional 423 shares during the last quarter. Finally, Keybank National Association OH increased its position in Charter Communications by 2.6% during the 4th quarter. Keybank National Association OH now owns 1,392 shares of the company’s stock worth $477,000 after purchasing an additional 35 shares during the period. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Trading Down 0.9 %

Shares of Charter Communications stock opened at $379.52 on Monday. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The firm has a market cap of $53.97 billion, a PE ratio of 10.86, a P/E/G ratio of 0.44 and a beta of 1.13. The business’s fifty day moving average is $354.80 and its two-hundred day moving average is $354.61. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73.

Charter Communications (NASDAQ:CHTR) last issued 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 return on equity of 29.01% and a net margin of 9.23%. During the same period last year, the company posted $7.07 EPS. Analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CHTR. Royal Bank of Canada boosted their target price on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. BNP Paribas upgraded Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price on the stock in a research report on Tuesday, November 26th. Barclays boosted their target price on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Benchmark reiterated a “buy” rating and set a $450.00 target price on shares of Charter Communications in a research report on Friday, January 31st. Finally, KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price on the stock in a research report on Thursday, December 12th. 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. According to MarketBeat, Charter Communications 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.