AlphaQuest LLC Has $45,000 Stake in Charter Communications, Inc. (NASDAQ:CHTR)

AlphaQuest LLC lowered its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 93.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132 shares of the company's stock after selling 1,770 shares during the quarter. AlphaQuest LLC's holdings in Charter Communications were worth $45,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lind Value II ApS purchased a new position in Charter Communications in the fourth quarter worth about $9,743,000. Oddo BHF Asset Management Sas bought a new position in Charter Communications in the third quarter worth approximately $1,345,000. Worldquant Millennium Advisors LLC boosted its stake in shares of Charter Communications by 193.8% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company's stock worth $12,993,000 after acquiring an additional 26,446 shares during the last quarter. Caprock Group LLC grew its position in shares of Charter Communications by 39.7% during the 4th quarter. Caprock Group LLC now owns 3,517 shares of the company's stock valued at $1,206,000 after acquiring an additional 999 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of Charter Communications by 4.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock worth $1,052,868,000 after purchasing an additional 148,003 shares in the last quarter. 81.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Benchmark restated a "buy" rating and set a $450.00 target price on shares of Charter Communications in a research note on Friday, January 31st. Royal Bank of Canada upped 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 Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price target on the stock in a report on Thursday, December 12th. BNP Paribas upgraded Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 target price for the company in a research report on Tuesday, November 26th. Finally, Barclays boosted their price target on Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a report on Monday, February 3rd. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $389.39.

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Charter Communications Stock Performance

NASDAQ:CHTR traded up $3.69 during trading hours on Monday, hitting $367.50. 1,488,231 shares of the company traded hands, compared to its average volume of 1,195,901. The firm has a 50-day moving average of $356.74 and a 200 day moving average of $355.16. 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 has a market capitalization of $52.26 billion, a price-to-earnings ratio of 10.51, a P/E/G ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same quarter in the prior year, the business posted $7.07 EPS. On average, analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current 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.