Zurcher Kantonalbank Zurich Cantonalbank Increases Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 24.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 55,633 shares of the company’s stock after buying an additional 10,821 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Charter Communications were worth $21,623,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Proficio Capital Partners LLC grew its stake in Charter Communications by 4.8% during the 3rd quarter. Proficio Capital Partners LLC now owns 595 shares of the company’s stock valued at $262,000 after purchasing an additional 27 shares in the last quarter. CX Institutional grew its stake in Charter Communications by 2.3% during the 3rd quarter. CX Institutional now owns 1,185 shares of the company’s stock valued at $521,000 after purchasing an additional 27 shares in the last quarter. Catalyst Capital Advisors LLC grew its stake in Charter Communications by 32.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company’s stock valued at $49,000 after purchasing an additional 27 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of Charter Communications by 9.8% in the 3rd quarter. Parkside Financial Bank & Trust now owns 313 shares of the company’s stock worth $138,000 after acquiring an additional 28 shares in the last quarter. Finally, Harbour Investments Inc. grew its position in shares of Charter Communications by 20.4% in the 3rd quarter. Harbour Investments Inc. now owns 165 shares of the company’s stock worth $73,000 after acquiring an additional 28 shares in the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CHTR. Rosenblatt Securities decreased their target price on Charter Communications from $334.00 to $297.00 and set a “neutral” rating for the company in a research report on Monday. Barclays reduced their price objective on Charter Communications from $280.00 to $250.00 and set an “underweight” rating for the company in a research report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft reduced their price objective on Charter Communications from $375.00 to $320.00 and set a “hold” rating for the company in a research report on Tuesday. Bank of America cut their target price on Charter Communications from $350.00 to $315.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 9th. Finally, Wells Fargo & Company cut their target price on Charter Communications from $340.00 to $290.00 and set an “equal weight” rating on the stock in a research note on Friday, April 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Charter Communications has an average rating of “Hold” and an average target price of $380.80.

Charter Communications Stock Performance

CHTR stock opened at $258.03 on Thursday. The business’s fifty day moving average is $285.23 and its 200-day moving average is $355.98. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 6.51. The company has a market cap of $37.47 billion, a P/E ratio of 8.60, a price-to-earnings-growth ratio of 0.43 and a beta of 0.96. Charter Communications, Inc. has a twelve month low of $254.31 and a twelve month high of $458.30.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, February 2nd. The company reported $7.07 EPS for the quarter, missing the consensus estimate of $8.76 by ($1.69). The business had revenue of $13.71 billion for the quarter, compared to analyst estimates of $13.70 billion. Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the business posted $7.69 EPS. Equities research analysts forecast that Charter Communications, Inc. will post 32.58 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.