Pinebridge Investments L.P. Makes New $3.25 Million Investment in Charter Communications, Inc. (NASDAQ:CHTR)

Pinebridge Investments L.P. bought a new stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 9,466 shares of the company's stock, valued at approximately $3,245,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CHTR. Norges Bank purchased a new stake in shares of Charter Communications in the fourth quarter valued at about $1,032,236,000. Price T Rowe Associates Inc. MD raised its holdings in Charter Communications by 822.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company's stock worth $433,167,000 after purchasing an additional 1,126,783 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Charter Communications by 130.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company's stock worth $369,566,000 after purchasing an additional 609,554 shares in the last quarter. LSV Asset Management raised its holdings in Charter Communications by 8,343.1% during the fourth quarter. LSV Asset Management now owns 177,305 shares of the company's stock worth $60,775,000 after purchasing an additional 175,205 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Charter Communications by 21.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 900,849 shares of the company's stock worth $308,795,000 after purchasing an additional 161,547 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CHTR has been the subject of several analyst reports. Royal Bank of Canada increased their price target on shares of Charter Communications from $385.00 to $395.00 and gave the stock a "sector perform" rating in a report on Monday. Barclays increased their price target on shares of Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a report on Monday, February 3rd. Loop Capital increased their price target on shares of Charter Communications from $385.00 to $430.00 and gave the stock a "hold" rating in a report on Monday. Benchmark reissued a "buy" rating and set a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. Finally, StockNews.com upgraded shares of Charter Communications from a "hold" rating to a "buy" rating in a research report on Tuesday, April 22nd. Five analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Charter Communications currently has an average rating of "Hold" and an average price target of $399.35.

Charter Communications Trading Up 0.9 %

NASDAQ CHTR traded up $3.22 during trading hours on Monday, hitting $376.87. 1,929,658 shares of the company's stock were exchanged, compared to its average volume of 1,251,887. The business's 50 day moving average is $355.67 and its 200-day moving average is $359.20. Charter Communications, Inc. has a 12-month low of $252.93 and a 12-month high of $415.27. The firm has a market capitalization of $53.50 billion, a P/E ratio of 10.78, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its earnings results on Friday, April 25th. The company reported $8.42 earnings per share for the quarter, missing the consensus estimate of $8.70 by ($0.28). Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. The business had revenue of $13.74 billion for the quarter, compared to analysts' expectations of $13.67 billion. During the same quarter last year, the company posted $7.55 earnings per share. The business's quarterly revenue was up .4% compared to the same quarter last year. As a group, analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Charter Communications Company 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.