NEOS Investment Management LLC Grows Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

NEOS Investment Management LLC grew its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 18.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 14,379 shares of the company’s stock after acquiring an additional 2,263 shares during the period. NEOS Investment Management LLC’s holdings in Charter Communications were worth $4,929,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Avior Wealth Management LLC raised its stake in Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after buying an additional 45 shares in the last quarter. Sierra Ocean LLC acquired a new position in shares of Charter Communications during the fourth quarter valued at about $32,000. Generali Asset Management SPA SGR purchased a new position in shares of Charter Communications in the 4th quarter valued at approximately $36,000. Wingate Wealth Advisors Inc. acquired a new stake in Charter Communications in the 4th quarter worth approximately $45,000. Finally, Union Bancaire Privee UBP SA acquired a new position in Charter Communications during the 4th quarter valued at approximately $55,000. 81.76% of the stock is owned by institutional investors.

Charter Communications Stock Down 0.7 %

NASDAQ CHTR opened at $382.02 on Friday. The business has a fifty day moving average price of $359.35 and a 200 day moving average price of $356.14. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market cap of $54.32 billion, a P/E ratio of 10.93, a P/E/G ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, beating analysts’ consensus estimates 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 business earned $7.07 earnings per share. Research analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CHTR has been the subject of several research analyst reports. StockNews.com cut Charter Communications from a “buy” rating to a “hold” rating in a research note on Wednesday. KeyCorp raised Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price on the stock in a report on Thursday, December 12th. Benchmark reaffirmed a “buy” rating and set a $450.00 target price on shares of Charter Communications in a report on Friday, January 31st. Barclays increased their price target on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. Finally, Citigroup assumed coverage on shares of Charter Communications in a report on Friday, March 14th. They issued a “buy” rating and a $425.00 price objective for the company. 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $389.39.

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.