D.A. Davidson & CO. Boosts Stake in Charter Communications, Inc. (NASDAQ:CHTR)

D.A. Davidson & CO. lifted its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,515 shares of the company’s stock after buying an additional 65 shares during the period. D.A. Davidson & CO.’s holdings in Charter Communications were worth $2,919,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of CHTR. FMR LLC raised its stake in Charter Communications by 27.7% during the third quarter. FMR LLC now owns 1,064,948 shares of the company’s stock worth $345,128,000 after purchasing an additional 230,817 shares during the period. Fernbridge Capital Management LP purchased a new position in Charter Communications during the third quarter worth about $48,200,000. Franklin Resources Inc. raised its stake in Charter Communications by 4.9% during the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after purchasing an additional 148,003 shares during the period. International Assets Investment Management LLC purchased a new position in Charter Communications during the third quarter worth about $244,720,000. Finally, Empirical Asset Management LLC purchased a new position in Charter Communications during the fourth quarter worth about $21,338,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Stock Down 0.5 %

Shares of Charter Communications stock opened at $361.04 on Friday. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27. The company has a 50 day moving average of $352.53 and a 200 day moving average of $353.65. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The company has a market capitalization of $51.34 billion, a P/E ratio of 10.33, a P/E/G ratio of 0.44 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, topping 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 prior year, the company earned $7.07 earnings per share. As a group, research analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analyst Ratings Changes

CHTR has been the topic of a number of analyst reports. Benchmark reaffirmed a “buy” rating and set a $450.00 target price on shares of Charter Communications in a research note on Friday, January 31st. Bank of America upgraded shares of Charter Communications from a “neutral” rating to a “buy” rating and lifted their price target for the company from $385.00 to $450.00 in a research report on Monday, November 4th. Pivotal Research lifted their price target on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 4th. KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target for the company in a research report on Thursday, December 12th. Finally, Wells Fargo & Company lifted their price target on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $384.42.

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.