Schroder Investment Management Group boosted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 99.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 93,771 shares of the company's stock after acquiring an additional 46,671 shares during the quarter. Schroder Investment Management Group owned 0.07% of Charter Communications worth $32,180,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Brown Brothers Harriman & Co. increased its stake in shares of Charter Communications by 37.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock worth $36,000 after purchasing an additional 29 shares in the last quarter. Chemistry Wealth Management LLC raised its stake in shares of Charter Communications by 4.8% in the fourth quarter. Chemistry Wealth Management LLC now owns 660 shares of the company's stock worth $226,000 after buying an additional 30 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Charter Communications by 3.4% during the 4th quarter. Jones Financial Companies Lllp now owns 904 shares of the company's stock valued at $310,000 after buying an additional 30 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Charter Communications by 5.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 622 shares of the company's stock valued at $213,000 after acquiring an additional 34 shares during the period. Finally, Keybank National Association OH increased its holdings in Charter Communications by 2.6% in the 4th quarter. Keybank National Association OH now owns 1,392 shares of the company's stock worth $477,000 after acquiring an additional 35 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the stock. Citigroup began coverage on shares of Charter Communications in a research report 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 shares of Charter Communications from $380.00 to $385.00 and gave the stock 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 report on Friday. 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 report on Thursday, December 12th. Finally, Benchmark restated a "buy" rating and set a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. Four analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $393.18.
Read Our Latest Stock Analysis on Charter Communications
Charter Communications Stock Down 8.2 %
NASDAQ:CHTR traded down $30.11 during mid-day trading on Friday, reaching $338.29. The company's stock had a trading volume of 1,834,015 shares, compared to its average volume of 1,230,751. The firm has a market capitalization of $48.02 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 0.44 and a beta of 1.12. The stock has a fifty day moving average of $360.56 and a 200-day moving average of $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 1 year low of $236.08 and a 1 year high of $415.27.
Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its earnings results 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 return on equity of 29.01% and a net margin of 9.23%. During the same period last year, the firm earned $7.07 EPS. Equities research analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.
Charter Communications Company 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.
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