Caprock Group LLC Buys 999 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Caprock Group LLC grew its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 39.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,517 shares of the company's stock after purchasing an additional 999 shares during the period. Caprock Group LLC's holdings in Charter Communications were worth $1,206,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Swedbank AB grew its stake in Charter Communications by 1.4% in the 4th quarter. Swedbank AB now owns 41,960 shares of the company's stock worth $14,383,000 after buying an additional 593 shares in the last quarter. Forsta AP Fonden grew its position in Charter Communications by 2.8% in the fourth quarter. Forsta AP Fonden now owns 18,300 shares of the company's stock worth $6,273,000 after acquiring an additional 500 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Charter Communications by 8.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 12,535 shares of the company's stock valued at $4,297,000 after acquiring an additional 1,028 shares during the last quarter. Pacer Advisors Inc. raised its position in Charter Communications by 41.5% during the fourth quarter. Pacer Advisors Inc. now owns 20,249 shares of the company's stock valued at $6,941,000 after purchasing an additional 5,936 shares in the last quarter. Finally, KBC Group NV lifted its stake in Charter Communications by 7.1% during the fourth quarter. KBC Group NV now owns 13,714 shares of the company's stock worth $4,701,000 after purchasing an additional 911 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

Analyst Ratings Changes

CHTR has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft raised their price objective on Charter Communications from $340.00 to $365.00 and gave the company a "hold" rating in a report on Monday, November 4th. JPMorgan Chase & Co. lifted their price target on shares of Charter Communications from $385.00 to $400.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. Benchmark reaffirmed a "buy" rating and issued a $450.00 price objective on shares of Charter Communications in a research note on Friday, January 31st. Barclays boosted their price target on shares of Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a research note on Monday. Finally, Royal Bank of Canada lifted their price objective on Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a report on Monday. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Charter Communications has a consensus rating of "Hold" and a consensus price target of $384.42.

Charter Communications Trading Up 2.4 %

Shares of NASDAQ:CHTR traded up $8.26 on Thursday, hitting $353.31. The company had a trading volume of 759,819 shares, compared to its average volume of 1,277,926. The firm's 50-day simple moving average is $360.53 and its two-hundred day simple moving average is $353.34. The firm has a market capitalization of $50.24 billion, a price-to-earnings ratio of 10.11, a P/E/G ratio of 0.46 and a beta of 1.11. The company has a quick ratio of 0.34, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27.

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 for the quarter, beating 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 in the previous year, the business posted $7.07 EPS. Equities analysts anticipate that Charter Communications, Inc. will post 36.73 earnings per share for the current fiscal year.

About Charter Communications

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.