62,251 Shares in Charter Communications, Inc. (NASDAQ:CHTR) Purchased by Empirical Asset Management LLC

Empirical Asset Management LLC acquired a new position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 62,251 shares of the company's stock, valued at approximately $21,338,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its position in shares of 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 purchasing an additional 148,003 shares during the period. Geode Capital Management LLC raised 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 in the last quarter. FMR LLC raised its position in Charter Communications by 27.7% during the third quarter. FMR LLC now owns 1,064,948 shares of the company's stock valued at $345,128,000 after purchasing an additional 230,817 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Charter Communications by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company's stock valued at $267,267,000 after purchasing an additional 7,008 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Charter Communications by 10.9% during the second quarter. Dimensional Fund Advisors LP now owns 712,550 shares of the company's stock valued at $212,998,000 after purchasing an additional 69,959 shares in the last quarter. 81.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on CHTR shares. Morgan Stanley boosted their price objective on shares of Charter Communications from $360.00 to $415.00 and gave the company an "equal weight" rating in a research report on Monday, November 4th. Pivotal Research boosted their target price on shares of Charter Communications from $435.00 to $525.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. KeyCorp raised shares of Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 target price on the stock in a research note on Thursday, December 12th. Benchmark boosted their target price on shares of Charter Communications from $440.00 to $450.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Finally, BNP Paribas raised shares of Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 target price on the stock in a research note on Tuesday, November 26th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Charter Communications presently has a consensus rating of "Hold" and an average price target of $383.89.

Charter Communications Stock Up 0.7 %

Shares of CHTR traded up $2.54 on Friday, reaching $349.22. The company's stock had a trading volume of 591,279 shares, compared to its average volume of 1,005,456. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The stock has a market capitalization of $49.66 billion, a PE ratio of 10.94, a PEG ratio of 0.48 and a beta of 1.10. The firm has a fifty day moving average of $372.10 and a 200-day moving average of $348.73.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, topping analysts' consensus estimates of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The company had revenue of $13.80 billion for the quarter, compared to analyst estimates of $13.66 billion. During the same quarter in the prior year, the business posted $8.25 EPS. The firm's revenue was up 1.6% compared to the same quarter last year. Equities analysts predict that Charter Communications, Inc. will post 34.46 EPS 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.