Vontobel Holding Ltd. Raises Position in Charter Communications, Inc. (NASDAQ:CHTR)

Vontobel Holding Ltd. lifted its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 25.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,649 shares of the company’s stock after buying an additional 332 shares during the period. Vontobel Holding Ltd.’s holdings in Charter Communications were worth $608,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CHTR. ST Germain D J Co. Inc. lifted its stake in shares of Charter Communications by 1,283.3% in the first quarter. ST Germain D J Co. Inc. now owns 83 shares of the company’s stock worth $31,000 after acquiring an additional 77 shares in the last quarter. Generali Asset Management SPA SGR acquired a new position in shares of Charter Communications in the fourth quarter worth about $36,000. Brown Brothers Harriman & Co. lifted its stake in shares of Charter Communications by 37.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock worth $36,000 after acquiring an additional 29 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of Charter Communications in the first quarter worth about $47,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Charter Communications by 29.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the company’s stock worth $97,000 after acquiring an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on CHTR shares. Wells Fargo & Company upped their price objective on Charter Communications from $380.00 to $400.00 and gave the company an “equal weight” rating in a research note on Monday, April 28th. Oppenheimer upgraded Charter Communications from a “market perform” rating to an “outperform” rating and set a $500.00 price objective on the stock in a research note on Friday, May 16th. BNP Paribas restated an “underperform” rating and set a $290.00 price objective on shares of Charter Communications in a research note on Thursday, April 10th. Loop Capital upgraded Charter Communications from a “hold” rating to a “buy” rating and upped their price objective for the company from $430.00 to $510.00 in a research note on Monday, May 19th. Finally, Royal Bank Of Canada upped their price objective on Charter Communications from $385.00 to $395.00 and gave the company a “sector perform” rating in a research note on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Charter Communications currently has a consensus rating of “Hold” and an average target price of $421.26.

Charter Communications Stock Performance

Shares of NASDAQ CHTR opened at $416.25 on Monday. The stock has a fifty day moving average price of $399.84 and a two-hundred day moving average price of $369.51. The company has a debt-to-equity ratio of 4.54, a quick ratio of 0.36 and a current ratio of 0.36. The firm has a market cap of $58.42 billion, a P/E ratio of 11.62, a PEG ratio of 0.45 and a beta of 1.08. Charter Communications, Inc. has a 1 year low of $286.66 and a 1 year high of $437.06.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, April 25th. The company reported $8.42 earnings per share for the quarter, missing the consensus estimate of $8.70 by ($0.28). The company had revenue of $13.74 billion for the quarter, compared to the consensus estimate of $13.67 billion. Charter Communications had a return on equity of 27.70% and a net margin of 9.42%. The business’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the business earned $7.55 earnings per share. Research analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current fiscal 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.