Colonial River Investments LLC Acquires 148 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Colonial River Investments LLC boosted its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 21.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 854 shares of the company’s stock after acquiring an additional 148 shares during the period. Colonial River Investments LLC’s holdings in Charter Communications were worth $293,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Reston Wealth Management LLC bought a new stake in Charter Communications in the 3rd quarter valued at $26,000. Ashton Thomas Securities LLC bought a new stake in Charter Communications in the 3rd quarter valued at $28,000. Avior Wealth Management LLC raised 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 valued at $30,000 after acquiring an additional 45 shares during the period. Sierra Ocean LLC bought a new stake in Charter Communications in the 4th quarter valued at $32,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in Charter Communications in the 4th quarter valued at $45,000. Institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

NASDAQ:CHTR opened at $365.80 on Tuesday. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The stock’s 50-day simple moving average is $352.27 and its 200 day simple moving average is $353.63. The firm has a market capitalization of $52.02 billion, a PE ratio of 10.46, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11.

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

Analysts Set New Price Targets

CHTR has been the topic of a number of research analyst reports. Bank of America upgraded Charter Communications from a “neutral” rating to a “buy” rating and increased their price target for the company from $385.00 to $450.00 in a research note on Monday, November 4th. Benchmark reiterated a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a research report on Friday, January 31st. JPMorgan Chase & Co. increased 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. Barclays increased their price objective on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company increased their price objective on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $384.42.

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.