Howard Capital Management Inc. Purchases 79 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Howard Capital Management Inc. boosted its position in Charter Communications, Inc. (NASDAQ:CHTR) by 2.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,863 shares of the company’s stock after acquiring an additional 79 shares during the period. Howard Capital Management Inc.’s holdings in Charter Communications were worth $981,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Deseret Mutual Benefit Administrators raised its position in shares of Charter Communications by 5.3% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,284 shares of the company’s stock valued at $440,000 after purchasing an additional 65 shares during the period. PYA Waltman Capital LLC raised its holdings in Charter Communications by 1.9% during the 4th quarter. PYA Waltman Capital LLC now owns 17,000 shares of the company’s stock valued at $5,827,000 after acquiring an additional 315 shares during the period. Allianz Asset Management GmbH raised its holdings in Charter Communications by 3.0% during the 4th quarter. Allianz Asset Management GmbH now owns 352,378 shares of the company’s stock valued at $120,785,000 after acquiring an additional 10,247 shares during the period. Centricity Wealth Management LLC purchased a new stake in shares of Charter Communications during the fourth quarter worth $231,000. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Charter Communications by 3.7% in the fourth quarter. Handelsbanken Fonder AB now owns 18,487 shares of the company’s stock worth $6,337,000 after acquiring an additional 656 shares during the period. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Stock Performance

Shares of NASDAQ CHTR opened at $361.04 on Monday. The stock’s 50-day moving average is $352.53 and its 200 day moving average is $353.62. The stock has a market cap of $51.34 billion, a price-to-earnings ratio of 10.33, a P/E/G ratio of 0.44 and a beta of 1.11. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year 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.

Charter Communications (NASDAQ:CHTR) last posted its quarterly 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 quarter in the prior year, the firm earned $7.07 EPS. On average, sell-side analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on CHTR shares. Pivotal Research boosted their price objective on Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Royal Bank of Canada increased their price target on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Barclays raised 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. Wells Fargo & Company upped their target price on shares of Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Finally, Benchmark reissued a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a 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. Based on data from MarketBeat.com, Charter Communications currently has a consensus rating of “Hold” and a consensus target price of $384.42.

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.