iA Global Asset Management Inc. Increases Stake in Charter Communications, Inc. (NASDAQ:CHTR)

iA Global Asset Management Inc. increased its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,326 shares of the company’s stock after buying an additional 776 shares during the period. iA Global Asset Management Inc.’s holdings in Charter Communications were worth $5,253,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CHTR. Atria Investments Inc increased its position in shares of Charter Communications by 46.3% in the 3rd quarter. Atria Investments Inc now owns 1,121 shares of the company’s stock valued at $363,000 after purchasing an additional 355 shares during the last quarter. Natixis Advisors LLC increased its position in shares of Charter Communications by 13.8% in the 3rd quarter. Natixis Advisors LLC now owns 35,529 shares of the company’s stock valued at $11,515,000 after purchasing an additional 4,302 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of Charter Communications by 146.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 9,734 shares of the company’s stock valued at $3,154,000 after purchasing an additional 5,782 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of Charter Communications in the 3rd quarter valued at approximately $616,000. Finally, Pathstone Holdings LLC increased its position in shares of Charter Communications by 5.0% in the 3rd quarter. Pathstone Holdings LLC now owns 9,277 shares of the company’s stock valued at $3,006,000 after purchasing an additional 440 shares during the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CHTR has been the topic of a number of recent analyst reports. BNP Paribas raised 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. Barclays increased 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. KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price for the company in a report on Thursday, December 12th. Benchmark restated a “buy” rating and issued a $450.00 target price on shares of Charter Communications in a report on Friday, January 31st. Finally, StockNews.com upgraded shares of Charter Communications from a “hold” rating to a “buy” rating in a report on Tuesday. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Charter Communications presently has an average rating of “Hold” and an average target price of $389.39.

Charter Communications Stock Up 2.7 %

Shares of NASDAQ:CHTR opened at $362.58 on Friday. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27. The stock has a market cap of $51.56 billion, a P/E ratio of 10.37, 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. The firm has a fifty day moving average price of $356.16 and a 200 day moving average price of $354.82.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, February 7th. The company reported $10.10 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 firm posted $7.07 earnings per share. Sell-side analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current year.

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.