Quantbot Technologies LP Buys 1,261 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Quantbot Technologies LP boosted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 8.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,024 shares of the company's stock after purchasing an additional 1,261 shares during the quarter. Quantbot Technologies LP's holdings in Charter Communications were worth $5,835,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in shares of Charter Communications in the third quarter worth about $28,000. Avior Wealth Management LLC increased its position in Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock worth $30,000 after buying an additional 45 shares during the period. Sierra Ocean LLC bought a new position in Charter Communications in the 4th quarter worth approximately $32,000. Generali Asset Management SPA SGR acquired a new position in shares of Charter Communications during the fourth quarter worth approximately $36,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of Charter Communications in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 81.76% of the company's stock.

Wall Street Analyst Weigh In

CHTR has been the subject of several research analyst reports. BNP Paribas upgraded shares of Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 target price for the company in a research note on Tuesday, November 26th. Benchmark reaffirmed a "buy" rating and set a $450.00 price objective on shares of Charter Communications in a research report on Friday, January 31st. Barclays lifted their target price on Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a research report on Monday, February 3rd. Royal Bank of Canada boosted their price target on Charter Communications from $380.00 to $385.00 and gave the company a "sector perform" rating in a research note on Monday, February 3rd. Finally, KeyCorp upgraded Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price objective for the company in a research report on Thursday, December 12th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $389.39.

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Charter Communications Price Performance

Charter Communications stock traded down $1.43 during trading hours on Wednesday, hitting $353.02. 1,202,923 shares of the stock were exchanged, compared to its average volume of 1,198,908. The stock has a market capitalization of $50.20 billion, a P/E ratio of 10.10, a P/E/G ratio of 0.44 and a beta of 1.13. The business's 50-day moving average is $355.82 and its two-hundred day moving average is $354.78. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings results 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 last year, the firm posted $7.07 EPS. Equities research analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current fiscal 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.