Ardmore Road Asset Management LP Purchases Shares of 50,000 Charter Communications, Inc. (NASDAQ:CHTR)

Ardmore Road Asset Management LP purchased a new stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 50,000 shares of the company's stock, valued at approximately $17,138,000. Charter Communications accounts for about 2.5% of Ardmore Road Asset Management LP's portfolio, making the stock its 17th biggest position.

Several other hedge funds have also recently bought and sold shares of the stock. Trexquant Investment LP lifted its holdings in shares of Charter Communications by 100.1% during the fourth quarter. Trexquant Investment LP now owns 37,465 shares of the company's stock worth $12,842,000 after buying an additional 18,738 shares in the last quarter. Geode Capital Management LLC increased its position in Charter Communications by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 2,477,276 shares of the company's stock worth $847,087,000 after acquiring an additional 45,045 shares during the period. B. Metzler seel. Sohn & Co. AG raised its stake in Charter Communications by 5.3% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 4,216 shares of the company's stock worth $1,445,000 after purchasing an additional 214 shares in the last quarter. Wellington Management Group LLP bought a new stake in Charter Communications in the 4th quarter valued at about $3,532,000. Finally, O Shaughnessy Asset Management LLC grew its position in shares of Charter Communications by 213.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 26,344 shares of the company's stock worth $9,030,000 after purchasing an additional 17,952 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several equities research analysts recently issued reports on CHTR shares. Citigroup began coverage on Charter Communications in a research note on Friday, March 14th. They issued a "buy" rating and a $425.00 price target for the company. Royal Bank of Canada upped their target price on Charter Communications from $380.00 to $385.00 and gave the company a "sector perform" rating in a research report on Monday, February 3rd. StockNews.com downgraded shares of Charter Communications from a "buy" rating to a "hold" rating in a research note on Friday. Benchmark restated a "buy" rating and issued a $450.00 target price on shares of Charter Communications in a research report on Friday, January 31st. Finally, KeyCorp raised shares of Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price objective on the stock in a research note on Thursday, December 12th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $393.18.

Charter Communications Trading Down 2.0 %

Shares of CHTR stock traded down $6.89 during trading hours on Monday, hitting $331.40. 635,778 shares of the company's stock traded hands, compared to its average volume of 1,213,673. The stock has a market cap of $47.04 billion, a PE ratio of 9.47, a price-to-earnings-growth ratio of 0.44 and a beta of 1.12. The stock's 50 day simple moving average is $360.56 and its 200 day simple moving average is $357.75. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. 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 announced its 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 return on equity of 29.01% and a net margin of 9.23%. During the same quarter last year, the company posted $7.07 earnings per share. On average, sell-side analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current year.

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.