Fayez Sarofim & Co Acquires 1,220 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Fayez Sarofim & Co boosted its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,553 shares of the company's stock after acquiring an additional 1,220 shares during the quarter. Fayez Sarofim & Co's holdings in Charter Communications were worth $12,529,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Virtu Financial LLC grew its holdings in shares of Charter Communications by 262.6% in the 3rd quarter. Virtu Financial LLC now owns 13,731 shares of the company's stock worth $4,450,000 after acquiring an additional 9,944 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Charter Communications during the 3rd quarter worth $165,000. Tidal Investments LLC grew its stake in Charter Communications by 1.3% in the 3rd quarter. Tidal Investments LLC now owns 17,261 shares of the company's stock valued at $5,594,000 after acquiring an additional 229 shares during the last quarter. Franklin Resources Inc. lifted 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 valued at $1,052,868,000 after buying an additional 148,003 shares in the last quarter. Finally, Oddo BHF Asset Management Sas purchased a new stake in Charter Communications during the 3rd quarter worth about $1,345,000. Institutional investors and hedge funds own 81.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Barclays lifted their price target on Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a report on Monday, February 3rd. BNP Paribas reissued an "underperform" rating and issued a $290.00 price objective on shares of Charter Communications in a report on Thursday, April 10th. Wells Fargo & Company cut their price target on Charter Communications from $400.00 to $380.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Royal Bank of Canada raised their target price on Charter Communications from $380.00 to $385.00 and gave the company a "sector perform" rating in a research report on Monday, February 3rd. Finally, Benchmark reaffirmed a "buy" rating and issued a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $387.88.

Charter Communications Stock Performance

Shares of NASDAQ:CHTR traded down $2.18 on Thursday, hitting $335.33. 2,171,283 shares of the company were exchanged, compared to its average volume of 1,252,450. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market capitalization 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 company's 50 day moving average price is $355.62 and its two-hundred day moving average price is $358.08.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping 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 quarter in the prior year, the company earned $7.07 EPS. Research analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Charter Communications Company 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.