Canada Pension Plan Investment Board raised its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 158.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,147 shares of the company's stock after purchasing an additional 32,600 shares during the period. Canada Pension Plan Investment Board's holdings in Charter Communications were worth $18,217,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank bought a new position in Charter Communications in the fourth quarter worth about $1,032,236,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Charter Communications by 130.1% in the 4th 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 during the last quarter. LSV Asset Management increased its position in Charter Communications by 8,343.1% in the fourth quarter. LSV Asset Management now owns 177,305 shares of the company's stock worth $60,775,000 after buying an additional 175,205 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Charter Communications by 4.9% during the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock valued at $1,052,868,000 after acquiring an additional 148,003 shares during the period. Finally, Amundi increased its holdings in shares of Charter Communications by 62.0% in the 4th quarter. Amundi now owns 288,559 shares of the company's stock worth $100,799,000 after acquiring an additional 110,410 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.
Charter Communications Trading Down 0.6 %
Charter Communications stock traded down $2.18 during midday trading on Thursday, reaching $335.33. The stock had a trading volume of 2,171,283 shares, compared to its average volume of 1,252,450. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month 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 firm has a market cap of $47.60 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 0.44 and a beta of 1.13. The firm's fifty day simple moving average is $355.62 and its two-hundred day simple moving average is $358.08.
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 for the quarter, beating analysts' consensus estimates 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 in the prior year, the business earned $7.07 EPS. Equities analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
CHTR has been the topic of a number of recent analyst reports. BNP Paribas reaffirmed an "underperform" rating and set 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, April 14th. Benchmark restated a "buy" rating and set a $450.00 price objective on shares of Charter Communications in a research note on Friday, January 31st. Barclays increased their target price on shares of Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research report on Monday, February 3rd. Finally, Citigroup began coverage on shares of Charter Communications in a research report on Friday, March 14th. They set a "buy" rating and a $425.00 price target on the stock. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $387.88.
Check Out Our Latest Research Report on Charter Communications
About Charter Communications
(
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.
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