Smartleaf Asset Management LLC Increases Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Smartleaf Asset Management LLC lifted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 28.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 377 shares of the company’s stock after buying an additional 83 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Charter Communications were worth $129,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Franklin Resources Inc. lifted its stake in shares of Charter Communications by 4.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock valued at $1,052,868,000 after buying an additional 148,003 shares in the last quarter. Geode Capital Management LLC lifted its stake in Charter Communications by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company’s stock worth $785,744,000 after purchasing an additional 13,430 shares in the last quarter. FMR LLC lifted its stake in Charter Communications by 27.7% in the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company’s stock worth $345,128,000 after purchasing an additional 230,817 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Charter Communications by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company’s stock worth $267,267,000 after purchasing an additional 7,008 shares in the last quarter. Finally, Cryder Capital Partners LLP lifted its stake in Charter Communications by 8.0% in the 3rd quarter. Cryder Capital Partners LLP now owns 533,036 shares of the company’s stock worth $172,746,000 after purchasing an additional 39,334 shares in the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price on the stock in a research note on Tuesday, November 26th. Royal Bank of Canada increased their target price on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. Barclays increased their target price on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price on the stock in a research note on Thursday, December 12th. Finally, Benchmark reiterated a “buy” rating and issued a $450.00 target price on shares of Charter Communications in a research note on Friday, January 31st. Four equities 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 company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $384.42.

Charter Communications Price Performance

CHTR stock opened at $379.52 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. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27. The firm’s fifty day moving average is $354.80 and its 200 day moving average is $354.49. The firm has a market cap of $53.97 billion, a P/E ratio of 10.86, a P/E/G ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) 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 period last year, the firm posted $7.07 EPS. Research analysts predict 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.