Clearbridge Investments LLC Acquires 873 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Clearbridge Investments LLC increased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 11.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,301 shares of the company's stock after acquiring an additional 873 shares during the quarter. Clearbridge Investments LLC's holdings in Charter Communications were worth $2,845,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lind Value II ApS bought a new stake in shares of Charter Communications during the 4th quarter valued at $9,743,000. Oddo BHF Asset Management Sas acquired a new stake in shares of Charter Communications during the third quarter worth $1,345,000. Worldquant Millennium Advisors LLC increased its holdings in Charter Communications by 193.8% in the third quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company's stock valued at $12,993,000 after purchasing an additional 26,446 shares during the last quarter. Caprock Group LLC lifted its stake in Charter Communications by 39.7% in the fourth quarter. Caprock Group LLC now owns 3,517 shares of the company's stock valued at $1,206,000 after buying an additional 999 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in Charter Communications by 4.9% during the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock worth $1,052,868,000 after buying an additional 148,003 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CHTR has been the topic of a number of analyst reports. Benchmark reiterated a "buy" rating and issued a $450.00 price target on shares of Charter Communications in a research report on Friday, January 31st. Citigroup started coverage on shares of Charter Communications in a research report on Friday, March 14th. They set a "buy" rating and a $425.00 price target on the stock. KeyCorp upgraded 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 research report on Thursday, December 12th. Royal Bank of Canada lifted their target price on Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a report on Monday, February 3rd. Finally, Barclays increased 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. 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. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $393.18.

Charter Communications Stock Up 2.0 %

CHTR stock traded up $6.55 during mid-day trading on Tuesday, reaching $339.44. The company had a trading volume of 414,255 shares, compared to its average volume of 1,228,751. The company has a market capitalization of $48.18 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27. The stock has a 50 day simple moving average of $359.87 and a two-hundred day simple moving average of $357.76. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its earnings results 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 net margin of 9.23% and a return on equity of 29.01%. During the same period in the previous year, the firm earned $7.07 earnings per share. As a group, equities analysts predict that Charter Communications, Inc. will post 38.16 earnings per share 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.