Charter Communications, Inc. (NASDAQ:CHTR) Position Lifted by Aviance Capital Partners LLC

Aviance Capital Partners LLC lifted its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 7.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 9,044 shares of the company’s stock after buying an additional 604 shares during the quarter. Aviance Capital Partners LLC’s holdings in Charter Communications were worth $3,100,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Lind Value II ApS bought a new position in shares of Charter Communications in the 4th quarter worth about $9,743,000. Oddo BHF Asset Management Sas bought a new position in shares of Charter Communications in the 3rd quarter worth about $1,345,000. Worldquant Millennium Advisors LLC lifted its position in shares of Charter Communications by 193.8% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company’s stock worth $12,993,000 after buying an additional 26,446 shares during the last quarter. Caprock Group LLC lifted its position in shares of Charter Communications by 39.7% in the 4th quarter. Caprock Group LLC now owns 3,517 shares of the company’s stock worth $1,206,000 after buying an additional 999 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Charter Communications by 4.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after buying an additional 148,003 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Royal Bank of Canada raised their price target on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Barclays lifted their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Benchmark reiterated a “buy” rating and issued a $450.00 price objective on shares of Charter Communications in a research report on Friday, January 31st. BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective on the stock in a research report on Tuesday, November 26th. Finally, KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a research report on Thursday, December 12th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $384.42.

Charter Communications Stock Performance

Shares of CHTR opened at $382.94 on Friday. The firm’s 50 day moving average is $354.19 and its 200-day moving average is $354.32. The stock has a market capitalization of $54.45 billion, a P/E ratio of 10.95, a P/E/G ratio of 0.44 and a beta of 1.13. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share (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 in the previous year, the company posted $7.07 EPS. Equities research analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal 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.