UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stake in Charter Communications, Inc. (NASDAQ:CHTR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 594,960 shares of the company's stock after buying an additional 7,080 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.42% of Charter Communications worth $203,934,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in CHTR. Avior Wealth Management LLC grew its holdings in Charter Communications by 104.7% during the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock worth $30,000 after acquiring an additional 45 shares in the last quarter. Sierra Ocean LLC bought a new position in Charter Communications during the 4th quarter worth about $32,000. Generali Asset Management SPA SGR bought a new position in Charter Communications during the 4th quarter worth about $36,000. Brown Brothers Harriman & Co. boosted its holdings in shares of Charter Communications by 37.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock valued at $36,000 after buying an additional 29 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of Charter Communications in the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 81.76% of the company's stock.

Charter Communications Stock Down 1.3%

CHTR opened at $409.93 on Friday. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market capitalization of $57.54 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. The business has a 50-day moving average of $370.88 and a 200-day moving average of $367.66. Charter Communications, Inc. has a fifty-two week low of $266.06 and a fifty-two week high of $437.06.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its earnings results on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $8.70 by ($0.28). The business had revenue of $13.74 billion during the quarter, compared to analyst estimates of $13.67 billion. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. The business's quarterly revenue was up .4% compared to the same quarter last year. During the same period last year, the business earned $7.55 EPS. Equities research analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CHTR. Wells Fargo & Company raised their price target on shares of Charter Communications from $380.00 to $400.00 and gave the company an "equal weight" rating in a report on Monday, April 28th. Benchmark reiterated a "buy" rating and issued a $450.00 target price on shares of Charter Communications in a research note on Friday, January 31st. Citigroup lifted their target price on shares of Charter Communications from $425.00 to $445.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Barclays lifted their target price on shares of Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada lifted their target price on shares of Charter Communications from $385.00 to $395.00 and gave the stock a "sector perform" rating in a research note on Monday, April 28th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $409.39.

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.

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