iA Global Asset Management Inc. Grows Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

iA Global Asset Management Inc. lifted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,326 shares of the company’s stock after purchasing an additional 776 shares during the period. iA Global Asset Management Inc.’s holdings in Charter Communications were worth $5,253,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Chemistry Wealth Management LLC increased its stake in shares of Charter Communications by 4.8% during the fourth quarter. Chemistry Wealth Management LLC now owns 660 shares of the company’s stock worth $226,000 after purchasing an additional 30 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Charter Communications by 3.4% during the fourth quarter. Jones Financial Companies Lllp now owns 904 shares of the company’s stock worth $310,000 after purchasing an additional 30 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Charter Communications by 5.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 622 shares of the company’s stock worth $213,000 after purchasing an additional 34 shares in the last quarter. Keybank National Association OH increased its stake in shares of Charter Communications by 2.6% during the fourth quarter. Keybank National Association OH now owns 1,392 shares of the company’s stock worth $477,000 after purchasing an additional 35 shares in the last quarter. Finally, Allworth Financial LP increased its stake in shares of Charter Communications by 16.4% during the fourth quarter. Allworth Financial LP now owns 256 shares of the company’s stock worth $90,000 after purchasing an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CHTR. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price for the company in a research note on Thursday, December 12th. BNP Paribas upgraded 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 report on Tuesday, November 26th. Citigroup assumed coverage on shares of Charter Communications in a research report on Friday, March 14th. They set a “buy” rating and a $425.00 price target on the stock. Barclays boosted their price target on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Finally, StockNews.com upgraded shares of Charter Communications from a “hold” rating to a “buy” rating in a research report on Tuesday. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $389.39.

Charter Communications Price Performance

Charter Communications stock opened at $362.58 on Friday. The company’s 50 day simple moving average is $356.16 and its 200-day simple moving average is $354.82. The company has a market capitalization of $51.56 billion, a price-to-earnings ratio of 10.37, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year 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.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating 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 business posted $7.07 EPS. As a group, equities research analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

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.