Long Path Partners LP Invests $6.91 Million in Charter Communications, Inc. (NASDAQ:CHTR)

Long Path Partners LP purchased a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 20,171 shares of the company's stock, valued at approximately $6,914,000. Charter Communications makes up about 2.2% of Long Path Partners LP's investment portfolio, making the stock its 9th largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CHTR. Brown Brothers Harriman & Co. increased its holdings in Charter Communications by 37.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock worth $36,000 after acquiring an additional 29 shares during the period. Chemistry Wealth Management LLC grew its holdings in shares of Charter Communications by 4.8% during the fourth quarter. Chemistry Wealth Management LLC now owns 660 shares of the company's stock worth $226,000 after purchasing an additional 30 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Charter Communications by 3.4% in the fourth quarter. Jones Financial Companies Lllp now owns 904 shares of the company's stock worth $310,000 after purchasing an additional 30 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Charter Communications by 5.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 622 shares of the company's stock valued at $213,000 after purchasing an additional 34 shares in the last quarter. Finally, Keybank National Association OH lifted its position in Charter Communications by 2.6% during the fourth quarter. Keybank National Association OH now owns 1,392 shares of the company's stock valued at $477,000 after purchasing an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

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Charter Communications Stock Performance

CHTR stock traded up $4.80 on Tuesday, hitting $337.69. The company had a trading volume of 473,789 shares, compared to its average volume of 1,228,946. The stock has a market cap of $47.93 billion, a price-to-earnings ratio of 9.67, 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. The stock's 50-day simple moving average is $359.87 and its 200 day simple moving average is $357.76. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its earnings results on Friday, February 7th. The company reported $10.10 earnings per share 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 period in the prior year, the business earned $7.07 EPS. As a group, equities research analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Barclays lifted their price target on shares of Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a research note on Monday, February 3rd. Citigroup initiated coverage on Charter Communications in a report on Friday, March 14th. They set a "buy" rating and a $425.00 target price for the company. Royal Bank of Canada raised their target price on shares of Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a report on Monday, February 3rd. KeyCorp raised shares of Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price target for the company in a research report on Thursday, December 12th. Finally, Benchmark reissued a "buy" rating and issued a $450.00 target price on shares of Charter Communications in a research note on Friday, January 31st. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Charter Communications has a consensus rating of "Hold" and an average price target of $393.18.

Charter Communications Profile

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.