Atlas Capital Advisors Inc. Acquires 1,373 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Atlas Capital Advisors Inc. raised its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1,961.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,443 shares of the company’s stock after buying an additional 1,373 shares during the period. Atlas Capital Advisors Inc.’s holdings in Charter Communications were worth $495,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CHTR. Norges Bank bought a new position in shares of Charter Communications during the 4th quarter worth approximately $1,032,236,000. Arrowstreet Capital Limited Partnership lifted its holdings in Charter Communications by 130.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company’s stock worth $369,566,000 after acquiring an additional 609,554 shares during the period. Franklin Resources Inc. grew its stake in Charter Communications by 4.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock valued at $1,052,868,000 after purchasing an additional 148,003 shares during the period. Amundi increased its position in shares of Charter Communications by 62.0% during the 4th quarter. Amundi now owns 288,559 shares of the company’s stock valued at $100,799,000 after purchasing an additional 110,410 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Charter Communications during the 4th quarter worth $33,485,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Stock Down 8.2 %

CHTR stock opened at $338.29 on Friday. The company’s 50 day moving average is $360.56 and its 200 day moving average is $357.50. The stock has a market cap of $48.02 billion, a price-to-earnings ratio of 9.68, a price-to-earnings-growth ratio of 0.44 and a beta of 1.12. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, February 7th. The company reported $10.10 EPS 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 period last year, the business posted $7.07 EPS. Sell-side analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on CHTR shares. Citigroup assumed coverage on shares of Charter Communications in a report on Friday, March 14th. They set a “buy” rating and a $425.00 price objective for the company. Barclays lifted their price target on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. Royal Bank of Canada raised their target price on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Benchmark reiterated a “buy” rating and set a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. Finally, StockNews.com downgraded shares of Charter Communications from a “buy” rating to a “hold” rating in a report on Friday. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $393.18.

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.