SVB Wealth LLC Makes New Investment in Charter Communications, Inc. (NASDAQ:CHTR)

SVB Wealth LLC bought a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 759 shares of the company’s stock, valued at approximately $260,000.

Other institutional investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Charter Communications during the 3rd quarter valued at about $28,000. Avior Wealth Management LLC grew its position in shares of Charter Communications by 104.7% during 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 stake in shares of Charter Communications during the 4th quarter valued at about $32,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Charter Communications during the 4th quarter valued at about $45,000. Finally, Union Bancaire Privee UBP SA purchased a new position in Charter Communications in the 4th quarter valued at about $55,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CHTR shares. Benchmark reaffirmed a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. Barclays raised their price target on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research note on Monday, February 3rd. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target on the stock in a research note on Thursday, December 12th. BNP Paribas raised shares of 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. Finally, Royal Bank of Canada raised their price target on shares of Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. Four research 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $384.42.

Charter Communications Stock Up 2.7 %

Charter Communications stock opened at $378.42 on Thursday. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a 50 day moving average price of $353.56 and a 200 day moving average price of $354.12. The company has a market capitalization 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.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating 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 in the prior year, the firm posted $7.07 earnings per share. Research analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current 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.