Cidel Asset Management Inc. Has $824,000 Position in Charter Communications, Inc. (NASDAQ:CHTR)

Cidel Asset Management Inc. increased its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 5.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,404 shares of the company’s stock after purchasing an additional 131 shares during the quarter. Cidel Asset Management Inc.’s holdings in Charter Communications were worth $824,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Sanctuary Advisors LLC bought a new stake in Charter Communications during the 2nd quarter worth $1,212,000. Czech National Bank boosted its stake in shares of Charter Communications by 5.9% during the third quarter. Czech National Bank now owns 19,772 shares of the company’s stock valued at $6,408,000 after purchasing an additional 1,108 shares in the last quarter. Diversified Trust Co grew its holdings in shares of Charter Communications by 6.4% during the third quarter. Diversified Trust Co now owns 883 shares of the company’s stock worth $286,000 after purchasing an additional 53 shares during the last quarter. Atomi Financial Group Inc. acquired a new position in shares of Charter Communications in the third quarter valued at approximately $276,000. Finally, Brookstone Capital Management raised its holdings in Charter Communications by 116.7% in the 3rd quarter. Brookstone Capital Management now owns 1,508 shares of the company’s stock valued at $489,000 after buying an additional 812 shares during the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Down 1.5 %

CHTR stock opened at $347.84 on Friday. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.34 and a current ratio of 0.31. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The stock’s 50 day simple moving average is $359.80 and its 200 day simple moving average is $353.34. The company has a market cap of $49.46 billion, a P/E ratio of 9.95, a price-to-earnings-growth ratio of 0.46 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same period in the previous year, the company posted $7.07 EPS. On average, research analysts expect that Charter Communications, Inc. will post 36.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CHTR shares. Bank of America raised shares of Charter Communications from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $385.00 to $450.00 in a report on Monday, November 4th. Wells Fargo & Company increased their price objective on Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Benchmark reaffirmed a “buy” rating and set a $450.00 target price on shares of Charter Communications in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft increased their price target on Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, Barclays lifted 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. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $384.42.

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.