Jump Financial LLC Purchases 22,113 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Jump Financial LLC raised its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 95.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 45,262 shares of the company’s stock after purchasing an additional 22,113 shares during the quarter. Jump Financial LLC’s holdings in Charter Communications were worth $15,514,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Avior Wealth Management LLC raised 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 valued at $30,000 after buying an additional 45 shares in the last quarter. Sierra Ocean LLC bought a new stake in Charter Communications in the fourth quarter worth $32,000. Generali Asset Management SPA SGR purchased a new stake in shares of Charter Communications in the fourth quarter valued at $36,000. Brown Brothers Harriman & Co. lifted its holdings in shares of Charter Communications by 37.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock worth $36,000 after acquiring an additional 29 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new position in Charter Communications during the 4th quarter valued at about $45,000. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Stock Up 1.8 %

NASDAQ:CHTR opened at $340.40 on Tuesday. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market capitalization of $48.32 billion, a P/E ratio of 9.74, a PEG ratio of 0.44 and a beta of 1.13. The company’s fifty day moving average price is $358.15 and its 200-day moving average price is $358.09.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, February 7th. The company reported $10.10 EPS for the quarter, topping the consensus estimate 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 last year, the firm posted $7.07 EPS. As a group, equities research analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CHTR shares. Benchmark reiterated a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. Wells Fargo & Company reduced their price target on shares of Charter Communications from $400.00 to $380.00 and set an “equal weight” rating on the stock in a research note on Monday. Citigroup started coverage on shares of Charter Communications in a research note on Friday, March 14th. They issued a “buy” rating and a $425.00 target price on the stock. BNP Paribas reaffirmed an “underperform” rating and set a $290.00 price target on shares of Charter Communications in a research note on Thursday, April 10th. Finally, Royal Bank of Canada increased their price objective on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $387.88.

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.