Zurcher Kantonalbank Zurich Cantonalbank Grows Position in Charter Communications, Inc. (NASDAQ:CHTR)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 4.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,381 shares of the company's stock after acquiring an additional 908 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Charter Communications were worth $7,511,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. American Century Companies Inc. lifted its holdings in shares of Charter Communications by 10.2% during the fourth quarter. American Century Companies Inc. now owns 13,919 shares of the company's stock valued at $4,771,000 after purchasing an additional 1,286 shares in the last quarter. Brown Brothers Harriman & Co. lifted its stake in Charter Communications by 37.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock valued at $36,000 after acquiring an additional 29 shares during the period. Schroder Investment Management Group boosted its holdings in shares of Charter Communications by 99.1% during the 4th quarter. Schroder Investment Management Group now owns 93,771 shares of the company's stock valued at $32,180,000 after acquiring an additional 46,671 shares during the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of Charter Communications by 175.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 5,475 shares of the company's stock worth $1,913,000 after acquiring an additional 3,486 shares during the period. Finally, Clearbridge Investments LLC raised its holdings in shares of Charter Communications by 11.8% during the fourth quarter. Clearbridge Investments LLC now owns 8,301 shares of the company's stock valued at $2,845,000 after purchasing an additional 873 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

Wall Street Analysts Forecast Growth

CHTR has been the subject of a number of research reports. Wolfe Research upgraded shares of Charter Communications from an "underperform" rating to a "peer perform" rating in a research note on Friday, June 20th. Royal Bank Of Canada cut their price target on Charter Communications from $430.00 to $370.00 and set a "sector perform" rating for the company in a research note on Monday. Wall Street Zen upgraded shares of Charter Communications from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. BNP Paribas restated an "underperform" rating and set a $290.00 target price on shares of Charter Communications in a research report on Thursday, April 10th. Finally, Loop Capital upgraded shares of Charter Communications from a "hold" rating to a "buy" rating and increased their price target for the stock from $430.00 to $510.00 in a research report on Monday, May 19th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $410.59.

Charter Communications Price Performance

Shares of NASDAQ:CHTR traded down $4.67 during mid-day trading on Friday, reaching $264.69. The stock had a trading volume of 2,563,449 shares, compared to its average volume of 2,226,657. The business's 50 day moving average price is $385.33 and its 200 day moving average price is $371.56. Charter Communications, Inc. has a 1 year low of $263.56 and a 1 year high of $437.06. The company has a market cap of $36.15 billion, a P/E ratio of 7.25, a price-to-earnings-growth ratio of 0.60 and a beta of 1.02. The company has a current ratio of 0.33, a quick ratio of 0.36 and a debt-to-equity ratio of 4.57.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its earnings results on Friday, July 25th. The company reported $9.18 EPS for the quarter, missing analysts' consensus estimates of $10.06 by ($0.88). Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The firm had revenue of $13.77 billion for the quarter, compared to the consensus estimate of $13.76 billion. During the same quarter in the prior year, the company posted $8.49 earnings per share. The firm's revenue was up .6% compared to the same quarter last year. Research analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Insider Activity

In related news, CEO Christopher L. Winfrey acquired 3,670 shares of Charter Communications stock in a transaction on Thursday, July 31st. The shares were bought at an average cost of $273.10 per share, with a total value of $1,002,277.00. Following the completion of the purchase, the chief executive officer directly owned 70,243 shares of the company's stock, valued at $19,183,363.30. The trade was a 5.51% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.83% of the company's stock.

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.