Wetherby Asset Management Inc. increased its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,257 shares of the company’s stock after buying an additional 12 shares during the period. Wetherby Asset Management Inc.’s holdings in Charter Communications were worth $938,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the company. Veritas Asset Management LLP acquired a new position in shares of Charter Communications during the second quarter worth approximately $721,102,000. California Public Employees Retirement System raised its position in shares of Charter Communications by 155.9% in the second quarter. California Public Employees Retirement System now owns 522,494 shares of the company’s stock worth $119,463,000 after buying an additional 318,333 shares during the period. American International Group Inc. raised its position in shares of Charter Communications by 347.1% in the third quarter. American International Group Inc. now owns 84,820 shares of the company’s stock worth $22,899,000 after buying an additional 65,847 shares during the period. Global Endowment Management LP acquired a new position in shares of Charter Communications during the third quarter worth approximately $7,686,000. Finally, Commerzbank Aktiengesellschaft FI raised its position in shares of Charter Communications by 1,625.5% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 151,844 shares of the company’s stock worth $34,718,000 after buying an additional 143,044 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.
Shares of Charter Communications, Inc. (NASDAQ:CHTR) traded down 0.16% during mid-day trading on Friday, reaching $324.56. The company’s stock had a trading volume of 1,035,139 shares. The firm has a 50 day moving average price of $308.28 and a 200 day moving average price of $273.85. Charter Communications, Inc. has a 52-week low of $164.34 and a 52-week high of $341.50. The firm has a market cap of $87.85 billion, a price-to-earnings ratio of 29.82 and a beta of 1.04.
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CHTR has been the subject of a number of research analyst reports. Vetr upgraded Charter Communications from a “buy” rating to a “strong-buy” rating and set a $318.33 price target for the company in a report on Monday, December 12th. Zacks Investment Research lowered Charter Communications from a “hold” rating to a “sell” rating in a report on Wednesday, November 23rd. Wunderlich upped their price target on Charter Communications from $50.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, December 1st. Macquarie reiterated a “buy” rating and set a $317.00 price target on shares of Charter Communications in a report on Sunday, January 8th. Finally, TheStreet upgraded Charter Communications from a “hold” rating to a “buy” rating in a report on Wednesday, December 14th. Five analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. Charter Communications has a consensus rating of “Buy” and a consensus target price of $296.92.
About Charter Communications
Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.
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