HighTower Advisors LLC Raises Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

HighTower Advisors LLC increased its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 20.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,971 shares of the company’s stock after purchasing an additional 4,862 shares during the quarter. HighTower Advisors LLC’s holdings in Charter Communications were worth $9,930,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Avior Wealth Management LLC raised its stake in Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after buying an additional 45 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of Charter Communications in the fourth quarter valued at about $32,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Charter Communications in the fourth quarter valued at about $45,000. Union Bancaire Privee UBP SA acquired a new position in shares of Charter Communications in the fourth quarter valued at about $55,000. Finally, BankPlus Trust Department acquired a new position in shares of Charter Communications in the fourth quarter valued at about $71,000. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Benchmark reissued a “buy” rating and issued a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. Barclays increased their price objective on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Royal Bank of Canada increased their price objective on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a 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 report on Tuesday, November 26th. Finally, Citigroup began coverage on Charter Communications in a report on Friday. They set a “buy” rating and a $425.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Charter Communications presently has an average rating of “Hold” and a consensus price target of $388.37.

Charter Communications Trading Up 0.7 %

CHTR opened at $354.08 on Tuesday. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27. The stock has a market capitalization of $50.35 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 0.44 and a beta of 1.13. 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 business has a fifty day moving average price of $355.69 and a 200 day moving average price of $354.73.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, topping 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 prior year, the business posted $7.07 earnings per share. Sell-side analysts expect that Charter Communications, Inc. will post 38.16 earnings per share 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.