International Assets Investment Management LLC Acquires New Position in Charter Communications, Inc. (NASDAQ:CHTR)

International Assets Investment Management LLC purchased a new stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 93,283 shares of the company's stock, valued at approximately $362,570,000. Charter Communications makes up about 1.1% of International Assets Investment Management LLC's holdings, making the stock its 7th largest position. International Assets Investment Management LLC owned about 0.06% of Charter Communications as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Catalyst Capital Advisors LLC grew its position in shares of Charter Communications by 32.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company's stock valued at $49,000 after buying an additional 27 shares during the last quarter. NBC Securities Inc. purchased a new position in Charter Communications during the 3rd quarter worth approximately $56,000. Concord Wealth Partners acquired a new position in Charter Communications during the third quarter worth approximately $82,000. Allworth Financial LP lifted its stake in Charter Communications by 23.8% in the third quarter. Allworth Financial LP now owns 198 shares of the company's stock valued at $87,000 after buying an additional 38 shares during the last quarter. Finally, Milestone Investment Advisors LLC acquired a new stake in shares of Charter Communications in the third quarter valued at approximately $125,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CHTR shares. Pivotal Research lowered their price objective on shares of Charter Communications from $450.00 to $400.00 and set a "buy" rating on the stock in a research report on Monday. JPMorgan Chase & Co. reduced their price target on shares of Charter Communications from $370.00 to $335.00 and set a "neutral" rating for the company in a research report on Monday, April 1st. Barclays dropped their price objective on shares of Charter Communications from $280.00 to $250.00 and set an "underweight" rating for the company in a research note on Tuesday, April 2nd. Wells Fargo & Company dropped their price objective on shares of Charter Communications from $290.00 to $260.00 and set an "equal weight" rating for the company in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Charter Communications from $375.00 to $320.00 and set a "hold" rating for the company in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned 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 $356.47.

Charter Communications Stock Performance

Shares of NASDAQ:CHTR traded up $3.93 during trading on Friday, reaching $265.93. 865,835 shares of the company's stock traded hands, compared to its average volume of 1,571,716. The company has a debt-to-equity ratio of 6.28, a current ratio of 0.40 and a quick ratio of 0.31. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $458.30. The company has a 50 day moving average of $278.46 and a 200-day moving average of $342.90. The stock has a market capitalization of $38.62 billion, a P/E ratio of 8.60, a price-to-earnings-growth ratio of 1.04 and a beta of 0.97.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings results on Friday, April 26th. The company reported $7.55 EPS for the quarter, missing the consensus estimate of $7.78 by ($0.23). The firm had revenue of $13.68 billion during the quarter, compared to analyst estimates of $13.75 billion. Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. Charter Communications's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.65 EPS. On average, equities analysts expect that Charter Communications, Inc. will post 32.02 EPS for the current year.

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.