J. Safra Sarasin Holding AG Takes Position in Charter Communications, Inc. $CHTR

J. Safra Sarasin Holding AG acquired a new position in Charter Communications, Inc. (NASDAQ:CHTR) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 3,732 shares of the company’s stock, valued at approximately $779,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Optimize Financial Inc purchased a new stake in Charter Communications during the 3rd quarter valued at approximately $1,557,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Charter Communications by 245.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,717 shares of the company’s stock worth $4,069,000 after buying an additional 10,455 shares in the last quarter. State Street Corp boosted its position in shares of Charter Communications by 3.2% during the second quarter. State Street Corp now owns 6,486,312 shares of the company’s stock worth $2,651,669,000 after acquiring an additional 198,979 shares during the last quarter. Rakuten Investment Management Inc. purchased a new position in Charter Communications during the third quarter valued at $5,260,000. Finally, AustralianSuper Pty Ltd bought a new stake in Charter Communications in the 3rd quarter valued at $28,651,000. Institutional investors own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

CHTR has been the topic of several research analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Charter Communications in a research note on Friday, March 27th. BNP Paribas Exane reduced their target price on Charter Communications from $160.00 to $150.00 and set an “underperform” rating on the stock in a report on Tuesday, February 24th. Benchmark boosted their target price on Charter Communications from $425.00 to $455.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Royal Bank Of Canada dropped their price target on Charter Communications from $265.00 to $240.00 and set a “sector perform” rating for the company in a research note on Friday, January 16th. Finally, Sanford C. Bernstein set a $220.00 price target on Charter Communications in a report on Wednesday, January 28th. Six research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat.com, Charter Communications presently has a consensus rating of “Hold” and an average target price of $335.11.

Charter Communications Stock Performance

Shares of NASDAQ:CHTR opened at $219.79 on Friday. The firm has a fifty day simple moving average of $221.55 and a two-hundred day simple moving average of $224.29. Charter Communications, Inc. has a 52 week low of $180.38 and a 52 week high of $437.06. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 4.65. The stock has a market capitalization of $27.83 billion, a P/E ratio of 6.06, a PEG ratio of 0.34 and a beta of 1.03.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, January 30th. The company reported $10.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.40 by ($0.06). Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. The business had revenue of $13.60 billion for the quarter, compared to analysts’ expectations of $13.73 billion. During the same quarter in the prior year, the company posted $10.10 earnings per share. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

About Charter Communications

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.