2,746 Shares in Charter Communications, Inc. (NASDAQ:CHTR) Bought by Allstate Corp

Allstate Corp bought a new stake in Charter Communications, Inc. (NASDAQ:CHTR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,746 shares of the company’s stock, valued at approximately $941,000.

Several other institutional investors and hedge funds have also bought and sold shares of CHTR. Brown Brothers Harriman & Co. grew its position in shares of Charter Communications by 37.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock valued at $36,000 after acquiring an additional 29 shares during the period. Chemistry Wealth Management LLC lifted its position in Charter Communications by 4.8% during the fourth quarter. Chemistry Wealth Management LLC now owns 660 shares of the company’s stock valued at $226,000 after purchasing an additional 30 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Charter Communications by 3.4% during the fourth quarter. Jones Financial Companies Lllp now owns 904 shares of the company’s stock valued at $310,000 after purchasing an additional 30 shares during the period. EverSource Wealth Advisors LLC increased its position in Charter Communications by 5.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 622 shares of the company’s stock worth $213,000 after buying an additional 34 shares in the last quarter. Finally, Keybank National Association OH raised its stake in shares of Charter Communications by 2.6% in the fourth 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 period. 81.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CHTR. Royal Bank of Canada boosted their price objective on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. Benchmark restated a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a research report on Friday, January 31st. StockNews.com downgraded shares of Charter Communications from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. KeyCorp raised Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target on the stock in a report on Thursday, December 12th. Finally, Citigroup started coverage on Charter Communications in a research note on Friday, March 14th. They issued a “buy” rating and a $425.00 price objective for the company. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Charter Communications presently has an average rating of “Hold” and a consensus price target of $393.18.

Charter Communications Stock Down 0.1 %

Shares of NASDAQ:CHTR opened at $368.53 on Tuesday. The company has a market cap of $52.40 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27. 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 company has a 50-day moving average price of $360.05 and a 200 day moving average price of $357.09.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, February 7th. The company reported $10.10 EPS 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 business posted $7.07 earnings per share. As a group, equities research analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

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.