J. Safra Sarasin Holding AG Makes New Investment in Charter Communications, Inc. $CHTR

J. Safra Sarasin Holding AG bought a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,732 shares of the company’s stock, valued at approximately $779,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CHTR. Webster Bank N. A. bought a new stake in shares of Charter Communications in the third quarter worth $28,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Charter Communications during the 3rd quarter valued at about $30,000. Geneos Wealth Management Inc. increased its position in shares of Charter Communications by 141.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after purchasing an additional 55 shares during the last quarter. Mather Group LLC. purchased a new stake in shares of Charter Communications during the 3rd quarter valued at about $38,000. Finally, Root Financial Partners LLC purchased a new stake in shares of Charter Communications during the 3rd quarter valued at about $38,000. 81.76% of the stock is owned by institutional investors.

Charter Communications Trading Up 1.6%

Charter Communications stock opened at $219.79 on Friday. Charter Communications, Inc. has a 12-month low of $180.38 and a 12-month high of $437.06. The firm has a market capitalization of $27.83 billion, a price-to-earnings ratio of 6.06, a P/E/G ratio of 0.34 and a beta of 1.03. The firm has a 50 day moving average of $221.55 and a 200 day moving average of $224.29. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 4.65.

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CHTR. The Goldman Sachs Group dropped their price objective on shares of Charter Communications from $210.00 to $185.00 and set a “sell” rating on the stock in a report on Monday, February 2nd. New Street Research dropped their price target on shares of Charter Communications from $479.00 to $328.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. TD Cowen boosted their price objective on shares of Charter Communications from $428.00 to $437.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. UBS Group set a $425.00 price objective on Charter Communications in a research note on Thursday, January 29th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Charter Communications from $275.00 to $235.00 and set a “hold” rating on the stock in a report on Tuesday, February 3rd. Six investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, Charter Communications presently has a consensus rating of “Hold” and an average target price of $335.11.

Charter Communications Company Profile

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.