Cidel Asset Management Inc. Buys 131 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Cidel Asset Management Inc. grew its position in Charter Communications, Inc. (NASDAQ:CHTR) by 5.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,404 shares of the company’s stock after purchasing an additional 131 shares during the period. Cidel Asset Management Inc.’s holdings in Charter Communications were worth $824,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in CHTR. Conning Inc. increased its stake in Charter Communications by 14.8% in the 4th quarter. Conning Inc. now owns 832 shares of the company’s stock valued at $285,000 after buying an additional 107 shares during the last quarter. Lecap Asset Management Ltd. bought a new stake in Charter Communications during the fourth quarter worth $1,565,000. Beese Fulmer Investment Management Inc. purchased a new position in Charter Communications in the fourth quarter worth $203,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Charter Communications by 10.0% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,190 shares of the company’s stock valued at $4,521,000 after purchasing an additional 1,204 shares during the period. Finally, Bleakley Financial Group LLC increased its position in shares of Charter Communications by 2.4% during the 4th quarter. Bleakley Financial Group LLC now owns 5,084 shares of the company’s stock valued at $1,743,000 after purchasing an additional 118 shares during the last quarter. 81.76% of the stock is owned by institutional investors.

Charter Communications Stock Down 1.5 %

CHTR stock opened at $347.84 on Friday. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The company has a market capitalization of $49.46 billion, a price-to-earnings ratio of 9.95, a price-to-earnings-growth ratio of 0.46 and a beta of 1.11. The business’s 50 day moving average price is $359.80 and its two-hundred day moving average price is $353.34. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.34 and a current ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping 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 previous year, the business earned $7.07 EPS. As a group, analysts forecast that Charter Communications, Inc. will post 36.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Pivotal Research increased 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. Benchmark restated a “buy” rating and set a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. Wells Fargo & Company upped their price objective on Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Barclays upped their price target on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Finally, KeyCorp raised 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 report on Thursday, December 12th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target 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.