97,689 Shares in Charter Communications, Inc. (NASDAQ:CHTR) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in Charter Communications, Inc. (NASDAQ:CHTR) during the fourth quarter, HoldingsChannel reports. The firm bought 97,689 shares of the company’s stock, valued at approximately $33,485,000.

A number of other large investors also recently modified their holdings of CHTR. Lind Value II ApS bought a new position in Charter Communications during the 4th quarter valued at $9,743,000. Oddo BHF Asset Management Sas bought a new position in Charter Communications during the 3rd quarter valued at $1,345,000. Worldquant Millennium Advisors LLC lifted its stake in Charter Communications by 193.8% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company’s stock valued at $12,993,000 after acquiring an additional 26,446 shares in the last quarter. Caprock Group LLC lifted its stake in Charter Communications by 39.7% during the 4th quarter. Caprock Group LLC now owns 3,517 shares of the company’s stock valued at $1,206,000 after acquiring an additional 999 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in Charter Communications by 4.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock valued at $1,052,868,000 after acquiring an additional 148,003 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Trading Up 1.3 %

Shares of CHTR opened at $363.57 on Friday. 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 firm has a market cap of $51.70 billion, a P/E ratio of 10.40, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The business has a 50-day moving average of $352.29 and a 200 day moving average of $353.72.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter last year, the firm posted $7.07 earnings per share. As a group, research analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Royal Bank of Canada raised their price objective on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. Wells Fargo & Company raised 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 raised their target price on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. raised their target price on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Finally, BNP Paribas raised 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 investment 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 MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $384.42.

About Charter Communications

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.