Vontobel Holding Ltd. Grows Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Vontobel Holding Ltd. raised its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 17.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,014 shares of the company’s stock after buying an additional 452 shares during the period. Vontobel Holding Ltd.’s holdings in Charter Communications were worth $1,171,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CHTR. Fairfield Bush & CO. purchased a new position in shares of Charter Communications during the first quarter worth $94,000. American Century Companies Inc. boosted its position in shares of Charter Communications by 10.6% during the first quarter. American Century Companies Inc. now owns 3,363 shares of the company’s stock worth $1,834,000 after buying an additional 322 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of Charter Communications by 12,010.0% during the first quarter. Canada Pension Plan Investment Board now owns 1,211 shares of the company’s stock worth $660,000 after buying an additional 1,201 shares during the period. Cetera Investment Advisers boosted its position in shares of Charter Communications by 4.5% during the first quarter. Cetera Investment Advisers now owns 860 shares of the company’s stock worth $469,000 after buying an additional 37 shares during the period. Finally, Moors & Cabot Inc. raised its stake in shares of Charter Communications by 19.4% in the first quarter. Moors & Cabot Inc. now owns 727 shares of the company’s stock valued at $397,000 after acquiring an additional 118 shares in the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $265.21 on Friday. The business’s 50 day simple moving average is $284.26 and its 200-day simple moving average is $353.57. The firm has a market capitalization of $38.52 billion, a price-to-earnings ratio of 8.83, a price-to-earnings-growth ratio of 0.45 and a beta of 0.96. The company has a debt-to-equity ratio of 6.51, a current ratio of 0.31 and a quick ratio of 0.31. Charter Communications, Inc. has a 12 month low of $254.31 and a 12 month high of $458.30.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, February 2nd. The company reported $7.07 EPS for the quarter, missing the consensus estimate of $8.76 by ($1.69). The firm had revenue of $13.71 billion for the quarter, compared to analysts’ expectations of $13.70 billion. Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. Charter Communications’s revenue was up .3% compared to the same quarter last year. During the same period last year, the firm earned $7.69 EPS. As a group, equities analysts forecast that Charter Communications, Inc. will post 32.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CHTR. Pivotal Research reduced their price objective on Charter Communications from $500.00 to $450.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. Wells Fargo & Company cut their price target on Charter Communications from $340.00 to $290.00 and set an “equal weight” rating on the stock in a research note on Friday, April 5th. Deutsche Bank Aktiengesellschaft cut their target price on Charter Communications from $375.00 to $320.00 and set a “hold” rating on the stock in a research report on Tuesday, April 16th. JPMorgan Chase & Co. cut their target price on Charter Communications from $370.00 to $335.00 and set a “neutral” rating on the stock in a research report on Monday, April 1st. Finally, Sanford C. Bernstein raised Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price target on the stock in a report on Monday, March 18th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Charter Communications has a consensus rating of “Hold” and an average target price of $380.80.

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.