Sierra Ocean LLC Makes New Investment in Charter Communications, Inc. (NASDAQ:CHTR)

Sierra Ocean LLC purchased a new position in Charter Communications, Inc. (NASDAQ:CHTR) during the 4th quarter, HoldingsChannel reports. The firm purchased 92 shares of the company’s stock, valued at approximately $32,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CHTR. Reston Wealth Management LLC acquired a new position in Charter Communications in the third quarter worth approximately $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Charter Communications in the 3rd quarter valued at $28,000. Avior Wealth Management LLC increased its stake in Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after purchasing an additional 45 shares in the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in Charter Communications during the 4th quarter worth about $45,000. Finally, Capital Advisors Ltd. LLC lifted its stake in Charter Communications by 28.7% during the third quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock valued at $51,000 after buying an additional 35 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CHTR has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price target on shares of Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Wells Fargo & Company boosted their target price on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Barclays raised their target price on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Pivotal Research upped their price target on Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. raised their price objective on Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $384.42.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $361.74 on Wednesday. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The business has a 50-day moving average of $354.08 and a two-hundred day moving average of $353.62. The stock has a market capitalization of $51.44 billion, a P/E ratio of 10.35, a P/E/G ratio of 0.43 and a beta of 1.11. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.34.

Charter Communications (NASDAQ:CHTR) last announced its quarterly 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 previous year, the company earned $7.07 earnings per share. On average, equities research analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current fiscal 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.