Swiss National Bank Decreases Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Swiss National Bank reduced its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 5.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 262,216 shares of the company’s stock after selling 15,600 shares during the period. Swiss National Bank owned about 0.18% of Charter Communications worth $89,880,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Chemistry Wealth Management LLC increased its stake in Charter Communications by 4.8% in the 4th quarter. Chemistry Wealth Management LLC now owns 660 shares of the company’s stock worth $226,000 after purchasing an additional 30 shares during the period. Jones Financial Companies Lllp grew its position in shares of Charter Communications by 3.4% in the 4th quarter. Jones Financial Companies Lllp now owns 904 shares of the company’s stock worth $310,000 after buying an additional 30 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Charter Communications by 5.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 622 shares of the company’s stock worth $213,000 after buying an additional 34 shares during the last quarter. Keybank National Association OH grew its position in shares of Charter Communications by 2.6% in the 4th quarter. Keybank National Association OH now owns 1,392 shares of the company’s stock worth $477,000 after buying an additional 35 shares during the last quarter. Finally, Allworth Financial LP grew its position in shares of Charter Communications by 16.4% in the 4th quarter. Allworth Financial LP now owns 256 shares of the company’s stock worth $90,000 after buying an additional 36 shares during the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Trading Up 1.8 %

Charter Communications stock opened at $351.50 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The business’s fifty day simple moving average is $355.59 and its two-hundred day simple moving average is $354.76. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27. The company has a market capitalization of $49.98 billion, a price-to-earnings ratio of 10.05, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping the consensus estimate 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. As a group, equities analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada lifted their price objective on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Citigroup assumed coverage on Charter Communications in a research report on Friday. They issued a “buy” rating and a $425.00 price objective on the stock. Barclays lifted 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. 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. Finally, KeyCorp upgraded 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 investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $388.37.

Charter Communications 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.