Reaves W H & Co. Inc. Increases Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Reaves W H & Co. Inc. raised its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 61.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 122,153 shares of the company’s stock after buying an additional 46,410 shares during the quarter. Reaves W H & Co. Inc. owned about 0.09% of Charter Communications worth $41,870,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fidelis Capital Partners LLC purchased a new position in Charter Communications during the fourth quarter valued at $201,000. Plato Investment Management Ltd lifted its position in Charter Communications by 123.4% during the fourth quarter. Plato Investment Management Ltd now owns 2,462 shares of the company’s stock valued at $847,000 after buying an additional 1,360 shares during the period. Jones Financial Companies Lllp raised 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 purchasing an additional 30 shares during the last quarter. Norden Group LLC raised its position in shares of Charter Communications by 7.7% in the 4th quarter. Norden Group LLC now owns 683 shares of the company’s stock worth $234,000 after purchasing an additional 49 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Charter Communications by 28.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 377 shares of the company’s stock worth $129,000 after purchasing an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Barclays lifted their price target on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Bank of America raised Charter Communications from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $385.00 to $450.00 in a research report on Monday, November 4th. Pivotal Research lifted their price target on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. lifted their price target on Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Finally, Benchmark reissued a “buy” rating and issued a $450.00 target price on shares of Charter Communications in a research report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $384.42.

Charter Communications Trading Up 2.0 %

Charter Communications stock opened at $370.66 on Tuesday. The business has a 50-day simple moving average of $352.71 and a two-hundred day simple moving average of $353.84. The company has a market cap of $52.71 billion, a P/E ratio of 10.60, a P/E/G ratio of 0.44 and a beta of 1.11. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week 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.

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, 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 quarter in the prior year, the firm posted $7.07 earnings per share. Analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current 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.