Charter Communications, Inc. (NASDAQ:CHTR) Shares Purchased by Bridgewater Associates LP

Bridgewater Associates LP grew its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 420.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 59,797 shares of the company's stock after buying an additional 48,309 shares during the period. Bridgewater Associates LP's holdings in Charter Communications were worth $20,497,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CHTR. Franklin Resources Inc. boosted its stake in 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 during the period. Norges Bank bought a new position in Charter Communications during the fourth quarter valued at $1,032,236,000. Geode Capital Management LLC boosted its position in shares of Charter Communications by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 2,477,276 shares of the company's stock valued at $847,087,000 after buying an additional 45,045 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Charter Communications by 130.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company's stock valued at $369,566,000 after acquiring an additional 609,554 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Charter Communications by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 847,921 shares of the company's stock worth $290,642,000 after purchasing an additional 23,225 shares during the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Stock Up 1.9 %

NASDAQ CHTR traded up $6.46 during midday trading on Friday, hitting $338.96. 934,325 shares of the company traded hands, compared to its average volume of 1,245,695. The company has a market cap of $48.11 billion, a PE ratio of 9.70, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The company's 50-day simple moving average is $357.31 and its 200-day simple moving average is $357.98.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating 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 earned $7.07 EPS. As a group, equities research analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CHTR has been the subject of several recent research reports. Royal Bank of Canada boosted their price target on shares of Charter Communications from $380.00 to $385.00 and gave the company a "sector perform" rating in a report on Monday, February 3rd. StockNews.com cut Charter Communications from a "buy" rating to a "hold" rating in a research report on Saturday, April 12th. BNP Paribas restated an "underperform" rating and issued a $290.00 price target on shares of Charter Communications in a report on Thursday, April 10th. Wells Fargo & Company decreased their price target on Charter Communications from $400.00 to $380.00 and set an "equal weight" rating for the company in a research note on Monday. Finally, Barclays upped their target price on Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research report on Monday, February 3rd. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $387.88.

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.