Mizuho Securities USA LLC Increases Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Mizuho Securities USA LLC lifted its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 45.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 9,164 shares of the company’s stock after acquiring an additional 2,870 shares during the period. Mizuho Securities USA LLC’s holdings in Charter Communications were worth $3,141,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lind Value II ApS purchased a new position in shares of Charter Communications in the 4th quarter valued at approximately $9,743,000. Oddo BHF Asset Management Sas purchased a new position in shares of Charter Communications in the 3rd quarter valued at approximately $1,345,000. Worldquant Millennium Advisors LLC raised its position in shares of Charter Communications by 193.8% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company’s stock valued at $12,993,000 after purchasing an additional 26,446 shares during the last quarter. Caprock Group LLC raised its position in shares of Charter Communications by 39.7% in the 4th quarter. Caprock Group LLC now owns 3,517 shares of the company’s stock valued at $1,206,000 after purchasing an additional 999 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in Charter Communications by 4.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after buying an additional 148,003 shares during the period. 81.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CHTR shares. Barclays increased their price target on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. Royal Bank of Canada increased their price target on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Benchmark reiterated a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target on the stock in a report on Thursday, December 12th. Finally, StockNews.com upgraded shares of Charter Communications from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $389.39.

Charter Communications Trading Up 0.3 %

Shares of NASDAQ:CHTR opened at $363.81 on Monday. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The firm has a market capitalization of $51.73 billion, a price-to-earnings ratio of 10.41, a price-to-earnings-growth 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’s 50 day moving average price is $356.74 and its 200-day moving average price is $355.16.

Charter Communications (NASDAQ:CHTR) last announced its 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 return on equity of 29.01% and a net margin of 9.23%. During the same quarter last year, the business posted $7.07 EPS. On average, equities research analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal 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.