Callan Family Office LLC purchased a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,428 shares of the company's stock, valued at approximately $1,861,000.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Franklin Resources Inc. increased its stake in Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock valued at $1,052,868,000 after purchasing an additional 148,003 shares in the last quarter. Geode Capital Management LLC increased its stake in Charter Communications by 0.6% in the third quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company's stock valued at $785,744,000 after purchasing an additional 13,430 shares in the last quarter. FMR LLC increased its stake in Charter Communications by 27.7% in the third quarter. FMR LLC now owns 1,064,948 shares of the company's stock valued at $345,128,000 after purchasing an additional 230,817 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Charter Communications by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 847,921 shares of the company's stock valued at $290,642,000 after purchasing an additional 23,225 shares in the last quarter. Finally, Cryder Capital Partners LLP increased its stake in Charter Communications by 8.0% in the third quarter. Cryder Capital Partners LLP now owns 533,036 shares of the company's stock valued at $172,746,000 after purchasing an additional 39,334 shares in the last quarter. 81.76% of the stock is owned by institutional investors.
Charter Communications Stock Performance
CHTR stock traded down $3.42 during trading hours on Friday, reaching $379.52. The stock had a trading volume of 1,581,626 shares, compared to its average volume of 1,140,182. The stock has a market capitalization of $53.97 billion, a PE ratio of 10.86, 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 current ratio of 0.31 and a quick ratio of 0.31. The stock has a 50-day simple moving average of $354.80 and a 200 day simple moving average of $354.49. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27.
Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, beating analysts' consensus estimates 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 period in the previous year, the company earned $7.07 earnings per share. Analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.
Analyst Ratings Changes
Several brokerages have commented on CHTR. Benchmark reaffirmed a "buy" rating and issued a $450.00 target price on shares of Charter Communications in a research note on Friday, January 31st. KeyCorp raised shares of Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price objective for the company in a research report on Thursday, December 12th. Barclays increased their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a research report on Monday, February 3rd. BNP Paribas raised shares of Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 price objective for the company in a research report on Tuesday, November 26th. Finally, Royal Bank of Canada increased their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a research report on Monday, February 3rd. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $384.42.
Read Our Latest Analysis on Charter Communications
Charter Communications Profile
(
Free Report)
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.
Further Reading
Before you consider Charter Communications, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Charter Communications wasn't on the list.
While Charter Communications currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
