CIBC Private Wealth Group LLC Buys 3,486 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

CIBC Private Wealth Group LLC grew its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 175.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,475 shares of the company’s stock after acquiring an additional 3,486 shares during the period. CIBC Private Wealth Group LLC’s holdings in Charter Communications were worth $1,913,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Brown Brothers Harriman & Co. increased its holdings in Charter Communications by 37.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock worth $36,000 after acquiring an additional 29 shares during the period. Chemistry Wealth Management LLC raised its position in shares of Charter Communications by 4.8% in the fourth 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. Jones Financial Companies Lllp boosted its stake in Charter Communications by 3.4% during the fourth quarter. Jones Financial Companies Lllp now owns 904 shares of the company’s stock valued at $310,000 after buying an additional 30 shares during the period. EverSource Wealth Advisors LLC grew its position in 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 buying an additional 34 shares in the last quarter. Finally, Keybank National Association OH increased its stake in Charter Communications by 2.6% in the 4th quarter. Keybank National Association OH now owns 1,392 shares of the company’s stock worth $477,000 after acquiring an additional 35 shares during the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Trading Up 2.3 %

NASDAQ:CHTR opened at $379.27 on Thursday. The firm has a market capitalization of $53.84 billion, a P/E ratio of 10.85, a P/E/G ratio of 0.44 and a beta of 1.12. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The company has a fifty day moving average of $360.98 and a 200 day moving average of $357.46.

Charter Communications (NASDAQ:CHTR) last posted its 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 quarter last year, the company earned $7.07 earnings per share. On average, research analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CHTR. StockNews.com downgraded Charter Communications from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. 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. Barclays lifted their price objective 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. Citigroup initiated coverage on Charter Communications in a research note on Friday, March 14th. They issued a “buy” rating and a $425.00 target price on the stock. Finally, Benchmark reaffirmed a “buy” rating and set a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $393.18.

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.