Charter Communications, Inc. (NASDAQ:CHTR) Shares Purchased by Wintrust Investments LLC

Wintrust Investments LLC increased its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 39.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 306 shares of the company’s stock after purchasing an additional 86 shares during the period. Wintrust Investments LLC’s holdings in Charter Communications were worth $105,000 as of its most recent filing with the Securities & Exchange Commission.

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

Charter Communications Stock Performance

NASDAQ:CHTR opened at $345.40 on Friday. 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 stock has a market capitalization of $49.11 billion, a P/E ratio of 9.88, a PEG ratio of 0.44 and a beta of 1.13. The company has a 50 day moving average price of $355.73 and a 200 day moving average price of $354.79. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, February 7th. The company reported $10.10 EPS 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 previous year, the firm posted $7.07 earnings per share. Equities research analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CHTR. BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective for the company in a report on Tuesday, November 26th. Barclays increased their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a report on Thursday, December 12th. Benchmark reiterated a “buy” rating and issued a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. Finally, Royal Bank of Canada increased their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $384.42.

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.