CIBC Private Wealth Group LLC Acquires 3,486 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

CIBC Private Wealth Group LLC increased its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 175.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,475 shares of the company’s stock after acquiring an additional 3,486 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Charter Communications were worth $1,913,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CHTR. Brown Brothers Harriman & Co. increased its stake in Charter Communications by 37.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock valued at $36,000 after purchasing an additional 29 shares in the last quarter. Chemistry Wealth Management LLC raised its stake in Charter Communications by 4.8% during the 4th quarter. Chemistry Wealth Management LLC now owns 660 shares of the company’s stock worth $226,000 after buying an additional 30 shares during the period. Jones Financial Companies Lllp boosted its holdings in Charter Communications by 3.4% in the fourth quarter. Jones Financial Companies Lllp now owns 904 shares of the company’s stock worth $310,000 after acquiring an additional 30 shares in the last quarter. EverSource Wealth Advisors LLC grew 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 acquiring an additional 34 shares during the period. Finally, Keybank National Association OH increased its holdings in shares of Charter Communications by 2.6% during the fourth quarter. Keybank National Association OH now owns 1,392 shares of the company’s stock valued at $477,000 after acquiring an additional 35 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Performance

Shares of CHTR opened at $379.27 on Thursday. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. 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’s fifty day moving average price is $360.98 and its two-hundred day moving average price is $357.46. The firm has a market cap of $53.84 billion, a PE ratio of 10.85, a PEG ratio of 0.44 and a beta of 1.12.

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 net margin of 9.23% and a return on equity of 29.01%. During the same quarter last year, the firm earned $7.07 earnings per share. On average, equities research analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CHTR shares. StockNews.com downgraded shares of Charter Communications from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. Benchmark reissued a “buy” rating and set a $450.00 target price on shares of Charter Communications in a research report on Friday, January 31st. Citigroup began coverage on Charter Communications in a research report on Friday, March 14th. They issued a “buy” rating and a $425.00 price target for the company. 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 research note on Monday, February 3rd. Finally, KeyCorp raised shares of 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. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Charter Communications currently has an average rating of “Hold” and an average price target of $393.18.

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.