Pictet Asset Management Holding SA Has $19.42 Million Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Pictet Asset Management Holding SA increased its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 14.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 56,669 shares of the company’s stock after acquiring an additional 7,043 shares during the period. Pictet Asset Management Holding SA’s holdings in Charter Communications were worth $19,424,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in CHTR. Chemistry Wealth Management LLC raised its position in Charter Communications by 4.8% during the fourth quarter. Chemistry Wealth Management LLC now owns 660 shares of the company’s stock worth $226,000 after acquiring an additional 30 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Charter Communications by 3.4% in the 4th quarter. Jones Financial Companies Lllp now owns 904 shares of the company’s stock valued at $310,000 after purchasing an additional 30 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Charter Communications by 5.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 622 shares of the company’s stock valued at $213,000 after buying an additional 34 shares during the period. Keybank National Association OH boosted its stake in shares of Charter Communications by 2.6% during 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 period. Finally, Allworth Financial LP increased its holdings in shares of Charter Communications by 16.4% during the 4th quarter. Allworth Financial LP now owns 256 shares of the company’s stock worth $90,000 after acquiring an additional 36 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analysts Set New Price Targets

CHTR has been the topic of several research reports. StockNews.com downgraded shares of Charter Communications from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. Citigroup assumed coverage on Charter Communications in a report on Friday, March 14th. They set a “buy” rating and a $425.00 target price for the company. Benchmark restated a “buy” rating and issued a $450.00 target price on shares of Charter Communications in a research report on Friday, January 31st. Barclays increased their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada upped their price objective on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Charter Communications currently has an average rating of “Hold” and an average target price of $393.18.

Charter Communications Stock Performance

Shares of Charter Communications stock opened at $368.53 on Tuesday. The business has a 50-day moving average price of $360.05 and a two-hundred day moving average price of $357.09. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The company has a market cap of $52.40 billion, a P/E ratio of 10.54, a PEG ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR) last issued 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 return on equity of 29.01% and a net margin of 9.23%. During the same period in the prior year, the company earned $7.07 earnings per share. As a group, analysts anticipate that Charter Communications, Inc. will post 38.16 EPS 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.