Plato Investment Management Ltd Increases Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Plato Investment Management Ltd boosted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 123.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,462 shares of the company’s stock after buying an additional 1,360 shares during the quarter. Plato Investment Management Ltd’s holdings in Charter Communications were worth $847,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new position in shares of Charter Communications in the third quarter valued at approximately $28,000. Avior Wealth Management LLC boosted its stake in shares of Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after purchasing an additional 45 shares during the period. Sierra Ocean LLC purchased a new position in shares of Charter Communications in the fourth quarter valued at approximately $32,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Charter Communications in the fourth quarter valued at approximately $45,000. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of Charter Communications in the fourth quarter valued at approximately $55,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Royal Bank of Canada raised their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. Bank of America raised shares of 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. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. KeyCorp upgraded 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 note on Thursday, December 12th. Finally, Benchmark reiterated a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $384.42.

Charter Communications Stock Performance

Shares of Charter Communications stock opened at $370.66 on Tuesday. The firm’s fifty day simple moving average is $352.71 and its 200-day simple moving average is $353.84. The stock has a market capitalization of $52.71 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 0.44 and a beta of 1.11. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, February 7th. The company reported $10.10 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 previous year, the business posted $7.07 EPS. As a group, equities analysts forecast 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.