Doliver Advisors LP Takes $740,000 Position in Charter Communications, Inc. (NASDAQ:CHTR)

Doliver Advisors LP bought a new position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,159 shares of the company's stock, valued at approximately $740,000.

Several other large investors have also recently modified their holdings of the stock. Franklin Resources Inc. increased its holdings in Charter Communications by 4.9% in the 3rd 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 in the last quarter. Geode Capital Management LLC lifted its position in Charter Communications by 0.6% during the third quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company's stock valued at $785,744,000 after purchasing an additional 13,430 shares during the period. FMR LLC boosted its holdings in Charter Communications by 27.7% in the third quarter. FMR LLC now owns 1,064,948 shares of the company's stock worth $345,128,000 after purchasing an additional 230,817 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Charter Communications by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company's stock worth $267,267,000 after purchasing an additional 7,008 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Charter Communications by 10.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 712,550 shares of the company's stock valued at $212,998,000 after buying an additional 69,959 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

Charter Communications Trading Down 2.5 %

NASDAQ:CHTR traded down $8.80 during mid-day trading on Monday, hitting $349.55. 868,138 shares of the stock traded hands, compared to its average volume of 1,158,979. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27. The stock has a market capitalization of $49.70 billion, a price-to-earnings ratio of 10.95, a PEG ratio of 0.60 and a beta of 1.10. The firm's 50 day moving average is $373.82 and its two-hundred day moving average is $346.06.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, beating analysts' consensus estimates of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The firm had revenue of $13.80 billion for the quarter, compared to analysts' expectations of $13.66 billion. During the same quarter in the prior year, the firm posted $8.25 earnings per share. The company's quarterly revenue was up 1.6% on a year-over-year basis. On average, equities research analysts predict that Charter Communications, Inc. will post 32.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CHTR. Morgan Stanley lifted their price objective on Charter Communications from $360.00 to $415.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. BNP Paribas raised shares of Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 price target for the company in a research report on Tuesday, November 26th. Wells Fargo & Company boosted their target price on shares of Charter Communications from $350.00 to $400.00 and gave the company an "equal weight" rating in a research report on Monday, November 4th. Citigroup upgraded shares of Charter Communications from a "sell" rating to a "neutral" rating and set a $350.00 price target on the stock in a research note on Wednesday, September 11th. Finally, Barclays raised their target price on Charter Communications from $300.00 to $315.00 and gave the stock an "underweight" rating in a report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $384.42.

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.