Zurcher Kantonalbank Zurich Cantonalbank Has $21.62 Million Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Charter Communications, Inc. (NASDAQ:CHTR) by 24.1% in the fourth quarter, HoldingsChannel reports. The firm owned 55,633 shares of the company’s stock after buying an additional 10,821 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Charter Communications were worth $21,623,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Parnassus Investments LLC purchased a new position in Charter Communications in the 3rd quarter valued at approximately $508,684,000. Renaissance Technologies LLC grew its stake in Charter Communications by 462.8% in the 1st quarter. Renaissance Technologies LLC now owns 541,400 shares of the company’s stock valued at $295,345,000 after buying an additional 445,200 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Charter Communications by 507.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 477,631 shares of the company’s stock valued at $260,557,000 after buying an additional 398,954 shares in the last quarter. Norges Bank purchased a new position in Charter Communications in the 4th quarter valued at approximately $132,163,000. Finally, Pzena Investment Management LLC grew its stake in Charter Communications by 21.0% in the 3rd quarter. Pzena Investment Management LLC now owns 1,459,148 shares of the company’s stock valued at $641,762,000 after buying an additional 253,324 shares in the last quarter. 81.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Barclays reduced their price objective on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating for the company in a research note on Tuesday, April 2nd. Rosenblatt Securities reduced their price target on shares of Charter Communications from $334.00 to $297.00 and set a “neutral” rating for the company in a research report on Monday. JPMorgan Chase & Co. reduced their price target on shares of Charter Communications from $370.00 to $335.00 and set a “neutral” rating for the company in a research report on Monday, April 1st. UBS Group reduced their price target on shares of Charter Communications from $360.00 to $325.00 and set a “neutral” rating for the company in a research report on Thursday, March 28th. Finally, Benchmark reduced their price target on shares of Charter Communications from $490.00 to $440.00 and set a “buy” rating for the company in a research report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $380.80.

Charter Communications Stock Performance

Charter Communications stock opened at $258.03 on Thursday. The company has a market capitalization of $37.47 billion, a PE ratio of 8.60, a P/E/G ratio of 0.43 and a beta of 0.96. The firm has a fifty day simple moving average of $285.23 and a two-hundred day simple moving average of $355.98. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 6.51. Charter Communications, Inc. has a twelve month low of $254.31 and a twelve month high of $458.30.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, February 2nd. The company reported $7.07 EPS for the quarter, missing the consensus estimate of $8.76 by ($1.69). The firm had revenue of $13.71 billion for the quarter, compared to the consensus estimate of $13.70 billion. Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The business’s revenue was up .3% on a year-over-year basis. During the same period last year, the company posted $7.69 earnings per share. Research analysts expect that Charter Communications, Inc. will post 32.58 EPS 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.