D.A. Davidson & CO. Raises Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

D.A. Davidson & CO. lifted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 0.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 8,515 shares of the company’s stock after acquiring an additional 65 shares during the quarter. D.A. Davidson & CO.’s holdings in Charter Communications were worth $2,919,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CHTR. Reston Wealth Management LLC purchased a new stake in shares of Charter Communications during the 3rd quarter worth approximately $26,000. Ashton Thomas Securities LLC purchased a new stake in shares of Charter Communications during the 3rd quarter worth approximately $28,000. Avior Wealth Management LLC lifted its position 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 buying an additional 45 shares during the last quarter. Sierra Ocean LLC purchased a new stake in shares of Charter Communications during the 4th quarter worth approximately $32,000. Finally, Wingate Wealth Advisors Inc. purchased a new stake in shares of Charter Communications during the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

NASDAQ:CHTR opened at $361.04 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The stock has a market cap of $51.34 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. The firm’s fifty day simple moving average is $352.53 and its 200-day simple moving average is $353.65.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same quarter in the previous year, the firm posted $7.07 EPS. Analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CHTR. Bank of America upgraded shares of Charter Communications from a “neutral” rating to a “buy” rating and upped their price target for the company from $385.00 to $450.00 in a research report on Monday, November 4th. Barclays upped their price target on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Morgan Stanley upped their price target on shares of Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price target for the company in a research report on Tuesday, November 26th. Finally, Wells Fargo & Company upped their price target on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company 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.