Howard Capital Management Inc. Acquires 79 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Howard Capital Management Inc. lifted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,863 shares of the company’s stock after purchasing an additional 79 shares during the period. Howard Capital Management Inc.’s holdings in Charter Communications were worth $981,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CHTR. Chemistry Wealth Management LLC boosted its holdings in shares of Charter Communications by 4.8% during the 4th quarter. Chemistry Wealth Management LLC now owns 660 shares of the company’s stock worth $226,000 after buying an additional 30 shares in the last quarter. US Bancorp DE boosted its stake in Charter Communications by 0.4% during the third quarter. US Bancorp DE now owns 7,370 shares of the company’s stock worth $2,388,000 after acquiring an additional 31 shares in the last quarter. Capital Advisors Ltd. LLC grew its holdings in Charter Communications by 28.7% in the third quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock worth $51,000 after purchasing an additional 35 shares during the period. Allworth Financial LP increased its stake in Charter Communications by 16.4% in the fourth quarter. Allworth Financial LP now owns 256 shares of the company’s stock valued at $90,000 after purchasing an additional 36 shares in the last quarter. Finally, Brooklyn Investment Group raised its holdings in shares of Charter Communications by 5.8% during the fourth quarter. Brooklyn Investment Group now owns 671 shares of the company’s stock valued at $230,000 after purchasing an additional 37 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on CHTR. Morgan Stanley raised their target price on Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Bank of America raised Charter Communications from a “neutral” rating to a “buy” rating and raised their price objective for the company from $385.00 to $450.00 in a research note on Monday, November 4th. Barclays upped 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. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target for the company in a research report on Thursday, December 12th. Finally, BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective on the stock in a report on Tuesday, November 26th. Four 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. Based on data from MarketBeat, Charter Communications presently has an average rating of “Hold” and an average target price of $384.42.

Charter Communications Stock Performance

Shares of Charter Communications stock opened at $361.04 on Monday. The business’s fifty day simple moving average is $352.53 and its 200 day simple moving average is $353.62. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27. The firm has a market capitalization of $51.34 billion, a P/E ratio of 10.33, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping analysts’ consensus estimates 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 company posted $7.07 EPS. As a group, analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current year.

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.