Lecap Asset Management Ltd. Takes Position in Charter Communications, Inc. (NASDAQ:CHTR)

Lecap Asset Management Ltd. acquired a new position in Charter Communications, Inc. (NASDAQ:CHTR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,566 shares of the company’s stock, valued at approximately $1,565,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Reston Wealth Management LLC purchased a new stake in shares of Charter Communications during the 3rd quarter worth about $26,000. Ashton Thomas Securities LLC acquired a new position in Charter Communications in the third quarter worth approximately $28,000. Avior Wealth Management LLC raised its position in Charter Communications by 104.7% during the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after acquiring an additional 45 shares in the last quarter. Grove Bank & Trust lifted its stake in Charter Communications by 39.1% in the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after acquiring an additional 34 shares during the last quarter. Finally, CVA Family Office LLC increased its stake in shares of Charter Communications by 31.3% during the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after purchasing an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CHTR shares. Deutsche Bank Aktiengesellschaft raised their price objective on Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Morgan Stanley upped their price objective on shares of Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. JPMorgan Chase & Co. raised their target price on shares of Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Wells Fargo & Company upped their price target on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Finally, Bank of America raised Charter Communications from a “neutral” rating to a “buy” rating and raised their price target for the company from $385.00 to $450.00 in a research report on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Charter Communications currently has a consensus rating of “Hold” and an average price target of $384.42.

Charter Communications Price Performance

Shares of Charter Communications stock opened at $353.31 on Friday. The firm has a market cap of $50.24 billion, a PE ratio of 10.11, a price-to-earnings-growth ratio of 0.46 and a beta of 1.11. The company’s fifty day simple moving average is $360.53 and its two-hundred day simple moving average is $353.34. The company has a quick ratio of 0.34, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, February 7th. The company reported $10.10 EPS for the quarter, topping the consensus estimate 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 earnings per share. As a group, equities analysts expect that Charter Communications, Inc. will post 36.73 EPS for the current year.

Charter Communications Company 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.