Norden Group LLC Boosts Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Norden Group LLC lifted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 7.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 683 shares of the company’s stock after purchasing an additional 49 shares during the quarter. Norden Group LLC’s holdings in Charter Communications were worth $234,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Chemistry Wealth Management LLC grew its holdings in Charter Communications by 4.8% during the 4th quarter. Chemistry Wealth Management LLC now owns 660 shares of the company’s stock valued at $226,000 after buying an additional 30 shares in the last quarter. US Bancorp DE grew its stake in Charter Communications by 0.4% during the third quarter. US Bancorp DE now owns 7,370 shares of the company’s stock valued at $2,388,000 after acquiring an additional 31 shares in the last quarter. Allworth Financial LP increased its holdings in Charter Communications by 16.4% during the 4th quarter. Allworth Financial LP now owns 256 shares of the company’s stock worth $90,000 after acquiring an additional 36 shares during the period. Brooklyn Investment Group lifted its stake in Charter Communications by 5.8% in the 4th quarter. Brooklyn Investment Group now owns 671 shares of the company’s stock worth $230,000 after purchasing an additional 37 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after purchasing an additional 45 shares during the period. 81.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CHTR. Royal Bank of Canada upped 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 target on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Benchmark reissued a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a research report on Thursday, December 12th. Finally, BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price for the company in a research report on Tuesday, November 26th. Four 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 stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $384.42.

Charter Communications Trading Down 0.6 %

NASDAQ CHTR opened at $368.36 on Wednesday. The firm has a market cap of $52.38 billion, a PE ratio of 10.54, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27. The stock has a 50-day moving average of $353.04 and a 200-day moving average of $353.95. 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 announced its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating the consensus estimate 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 period in the prior year, the company earned $7.07 earnings per share. As a group, sell-side analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current year.

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.