Choate Investment Advisors Takes Position in Charter Communications, Inc. (NASDAQ:CHTR)

Choate Investment Advisors acquired a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 639 shares of the company’s stock, valued at approximately $219,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Wintrust Investments LLC lifted its holdings in shares of Charter Communications by 39.1% during the 4th quarter. Wintrust Investments LLC now owns 306 shares of the company’s stock valued at $105,000 after purchasing an additional 86 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in shares of Charter Communications by 13.2% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 26,245 shares of the company’s stock valued at $9,007,000 after acquiring an additional 3,056 shares during the period. Avantax Advisory Services Inc. increased its position in shares of Charter Communications by 36.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 1,083 shares of the company’s stock valued at $371,000 after acquiring an additional 289 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Charter Communications by 5.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 622 shares of the company’s stock valued at $213,000 after acquiring an additional 34 shares during the period. Finally, HighTower Advisors LLC increased its position in shares of Charter Communications by 20.2% in the 4th quarter. HighTower Advisors LLC now owns 28,971 shares of the company’s stock valued at $9,930,000 after acquiring an additional 4,862 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on CHTR shares. KeyCorp raised 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. Barclays upped their target price on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. BNP Paribas raised 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. Citigroup began coverage on Charter Communications in a research report on Friday. They issued a “buy” rating and a $425.00 target price on the stock. Finally, Royal Bank of Canada increased their price target 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. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $388.37.

Charter Communications Price Performance

NASDAQ:CHTR opened at $354.08 on Tuesday. 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 stock has a market capitalization of $50.35 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. The stock’s 50-day moving average price is $355.69 and its 200-day moving average price is $354.73.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, beating analysts’ consensus estimates 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 firm posted $7.07 EPS. As a group, equities analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

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.