Charter Communications, Inc. (NASDAQ:CHTR) Shares Acquired by Sterling Capital Management LLC

Sterling Capital Management LLC lifted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 11.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,485 shares of the company's stock after buying an additional 1,505 shares during the period. Sterling Capital Management LLC's holdings in Charter Communications were worth $4,965,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CHTR. Franklin Resources Inc. raised its holdings 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 buying an additional 148,003 shares during the period. Norges Bank acquired a new stake in Charter Communications in the 4th quarter valued at $1,032,236,000. Geode Capital Management LLC lifted its stake in shares of Charter Communications by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 2,477,276 shares of the company's stock worth $847,087,000 after purchasing an additional 45,045 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Charter Communications by 130.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company's stock worth $369,566,000 after buying an additional 609,554 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of 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 buying an additional 23,225 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Stock Performance

CHTR stock traded up $6.46 during midday trading on Friday, reaching $338.96. The company had a trading volume of 934,325 shares, compared to its average volume of 1,244,142. The firm has a market capitalization of $48.11 billion, a PE ratio of 9.70, a P/E/G ratio of 0.44 and a beta of 1.13. The stock has a 50 day moving average price of $357.55 and a 200 day moving average price of $357.91. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. 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 (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings data on Friday, February 7th. The company reported $10.10 EPS for the quarter, topping 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 company posted $7.07 earnings per share. Analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on CHTR. Barclays upped their price target on Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a report on Monday, February 3rd. Royal Bank of Canada upped their target price on shares of Charter Communications from $380.00 to $385.00 and gave the company a "sector perform" rating in a research note on Monday, February 3rd. Wells Fargo & Company dropped their price target on shares of Charter Communications from $400.00 to $380.00 and set an "equal weight" rating on the stock in a research note on Monday. Citigroup initiated coverage on Charter Communications in a research note on Friday, March 14th. They issued a "buy" rating and a $425.00 price target on the stock. Finally, 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. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Charter Communications currently has an average rating of "Hold" and an average target price of $387.88.

Charter Communications 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.