Fidelis Capital Partners LLC Buys Shares of 590 Charter Communications, Inc. (NASDAQ:CHTR)

Fidelis Capital Partners LLC bought a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 590 shares of the company’s stock, valued at approximately $201,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Ashton Thomas Securities LLC acquired a new stake in shares of Charter Communications during the 3rd quarter valued at about $28,000. Avior Wealth Management LLC lifted its holdings 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 during the last quarter. Sierra Ocean LLC acquired a new stake in shares of Charter Communications during the 4th quarter valued at about $32,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Charter Communications during the 4th quarter valued at about $45,000. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Charter Communications during the 4th quarter valued at about $55,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CHTR. KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target for the company in a report on Thursday, December 12th. BNP Paribas upgraded Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price for the company in a report on Tuesday, November 26th. Royal Bank of Canada boosted their target price on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Barclays boosted their target price on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. Finally, Benchmark restated a “buy” rating and issued a $450.00 target price on shares of Charter Communications in a report on Friday, January 31st. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Charter Communications currently has a consensus rating of “Hold” and an average target price of $384.42.

Charter Communications Stock Performance

CHTR opened at $378.42 on Thursday. The stock has a market cap of $53.81 billion, a PE ratio of 10.82, a P/E/G ratio of 0.44 and a beta of 1.13. 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. The stock’s 50 day simple moving average is $353.56 and its 200-day simple moving average is $354.12.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the firm earned $7.07 EPS. Sell-side analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current year.

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.