Raymond James Financial Inc. Invests $14.87 Million in Charter Communications, Inc. (NASDAQ:CHTR)

Raymond James Financial Inc. acquired a new stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 43,381 shares of the company's stock, valued at approximately $14,870,000.

A number of other large investors have also made changes to their positions in CHTR. Avior Wealth Management LLC boosted its stake in shares of 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 purchasing an additional 45 shares during the last quarter. Sierra Ocean LLC acquired a new stake in Charter Communications during the fourth quarter worth approximately $32,000. Generali Asset Management SPA SGR purchased a new stake in Charter Communications in the 4th quarter worth approximately $36,000. Brown Brothers Harriman & Co. boosted its holdings in shares of Charter Communications by 37.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock worth $36,000 after purchasing an additional 29 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. purchased a new stake in shares of Charter Communications in the fourth quarter valued at $45,000. Institutional investors and hedge funds own 81.76% of the company's stock.

Charter Communications Stock Performance

NASDAQ:CHTR traded up $38.32 during midday trading on Friday, reaching $373.65. 2,701,636 shares of the company traded hands, compared to its average volume of 1,254,569. The firm has a market capitalization of $53.04 billion, a price-to-earnings ratio of 10.69, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. The company has a fifty day moving average price of $355.36 and a 200 day moving average price of $358.47. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.70 by ($0.28). Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. The business had revenue of $13.74 billion for the quarter, compared to analyst estimates of $13.67 billion. During the same quarter in the prior year, the firm posted $7.55 earnings per share. On average, analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CHTR. Wells Fargo & Company dropped their price objective on shares of Charter Communications from $400.00 to $380.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Barclays boosted their price objective on Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a research note on Monday, February 3rd. Benchmark reaffirmed a "buy" rating and set a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. Royal Bank of Canada lifted their price objective on Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a report on Monday, February 3rd. Finally, StockNews.com upgraded Charter Communications from a "hold" rating to a "buy" rating in a research note on Tuesday. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $387.88.

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.