Ethic Inc. Acquires 266 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Ethic Inc. lifted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,105 shares of the company’s stock after purchasing an additional 266 shares during the quarter. Ethic Inc.’s holdings in Charter Communications were worth $2,778,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Brown Brothers Harriman & Co. lifted its holdings in shares of Charter Communications by 37.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock valued at $36,000 after buying an additional 29 shares during the period. Chemistry Wealth Management LLC grew its holdings in shares of Charter Communications by 4.8% in the fourth quarter. Chemistry Wealth Management LLC now owns 660 shares of the company’s stock worth $226,000 after acquiring an additional 30 shares during the period. Jones Financial Companies Lllp increased its position in Charter Communications by 3.4% during the fourth quarter. Jones Financial Companies Lllp now owns 904 shares of the company’s stock valued at $310,000 after acquiring an additional 30 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in Charter Communications by 4.2% in the fourth quarter. Quadrant Capital Group LLC now owns 740 shares of the company’s stock valued at $254,000 after acquiring an additional 30 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in Charter Communications by 5.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 622 shares of the company’s stock worth $213,000 after purchasing an additional 34 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Stock Performance

CHTR opened at $401.50 on Monday. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market capitalization of $56.36 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 0.44 and a beta of 1.11. The company has a fifty day moving average of $361.46 and a 200 day moving average of $363.38. Charter Communications, Inc. has a fifty-two week low of $266.06 and a fifty-two week high of $415.27.

Charter Communications (NASDAQ:CHTR) last issued its earnings results 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 firm had revenue of $13.74 billion during the quarter, compared to the consensus estimate of $13.67 billion. During the same period last year, the firm posted $7.55 earnings per share. The company’s revenue for the quarter was up .4% compared to the same quarter last year. As a group, sell-side analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. BNP Paribas reaffirmed an “underperform” rating and set a $290.00 price target on shares of Charter Communications in a research report on Thursday, April 10th. 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. Barclays boosted their price objective 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. Wells Fargo & Company boosted their price target on Charter Communications from $380.00 to $400.00 and gave the company an “equal weight” rating in a report on Monday, April 28th. Finally, Morgan Stanley upped their price target on Charter Communications from $385.00 to $415.00 and gave the stock an “equal weight” rating in a research report on Monday, April 28th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $399.35.

Charter Communications 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.