Cibc World Markets Corp Purchases 2,017 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Cibc World Markets Corp increased its position in Charter Communications, Inc. (NASDAQ:CHTR) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 67,032 shares of the company’s stock after purchasing an additional 2,017 shares during the quarter. Cibc World Markets Corp’s holdings in Charter Communications were worth $22,977,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CHTR. Atria Investments Inc boosted its position in shares of Charter Communications by 46.3% during the 3rd quarter. Atria Investments Inc now owns 1,121 shares of the company’s stock valued at $363,000 after acquiring an additional 355 shares in the last quarter. Apollon Wealth Management LLC lifted its stake in Charter Communications by 90.7% during the third quarter. Apollon Wealth Management LLC now owns 1,310 shares of the company’s stock worth $424,000 after purchasing an additional 623 shares during the period. Prime Capital Investment Advisors LLC acquired a new stake in Charter Communications during the third quarter valued at approximately $219,000. KBC Group NV grew its stake in shares of Charter Communications by 1.4% in the 3rd quarter. KBC Group NV now owns 12,803 shares of the company’s stock valued at $4,149,000 after purchasing an additional 178 shares during the period. Finally, Natixis Advisors LLC raised its holdings in shares of Charter Communications by 13.8% in the 3rd quarter. Natixis Advisors LLC now owns 35,529 shares of the company’s stock worth $11,515,000 after buying an additional 4,302 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Up 0.7 %

Shares of NASDAQ:CHTR opened at $354.08 on Tuesday. 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 stock has a market cap of $50.35 billion, a price-to-earnings ratio of 10.13, a P/E/G ratio of 0.44 and a beta of 1.13. The company has a 50 day moving average of $355.69 and a 200-day moving average of $354.73. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, February 7th. The company reported $10.10 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 quarter last year, the firm posted $7.07 earnings per share. On average, sell-side analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Wall Street Analyst Weigh In

CHTR has been the topic of a number of analyst reports. KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target on the stock in a research report on Thursday, December 12th. Barclays upped their target price 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 assumed coverage on shares of Charter Communications in a report on Friday. They set a “buy” rating and a $425.00 price target for the company. Benchmark reaffirmed a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a research note on Friday, January 31st. Finally, BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price for the company in a research note on Tuesday, November 26th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Charter Communications currently has an average rating of “Hold” and a consensus target price of $388.37.

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.