Charter Communications, Inc. (NASDAQ:CHTR) Shares Purchased by Guggenheim Capital LLC

Guggenheim Capital LLC raised its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,783 shares of the company's stock after purchasing an additional 2,838 shares during the period. Guggenheim Capital LLC's holdings in Charter Communications were worth $13,636,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CHTR. Canada Post Corp Registered Pension Plan purchased a new stake in Charter Communications in the fourth quarter valued at about $393,000. CreativeOne Wealth LLC raised its position in shares of Charter Communications by 82.9% in the 4th quarter. CreativeOne Wealth LLC now owns 2,211 shares of the company's stock valued at $758,000 after purchasing an additional 1,002 shares during the last quarter. Summit Investment Advisors Inc. grew its position in Charter Communications by 3.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,467 shares of the company's stock worth $1,874,000 after purchasing an additional 188 shares during the last quarter. Sagespring Wealth Partners LLC acquired a new position in Charter Communications during the 4th quarter valued at approximately $241,000. Finally, Townsquare Capital LLC increased its stake in Charter Communications by 66.1% during the 4th quarter. Townsquare Capital LLC now owns 2,858 shares of the company's stock valued at $979,000 after purchasing an additional 1,137 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

Charter Communications Price Performance

Shares of Charter Communications stock traded up $6.46 on Friday, hitting $338.96. The company's stock had a trading volume of 934,325 shares, compared to its average volume of 1,245,695. The company has a market capitalization of $48.11 billion, a price-to-earnings ratio of 9.70, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a fifty day moving average price of $357.31 and a 200-day moving average price of $357.98.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its 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 net margin of 9.23% and a return on equity of 29.01%. During the same quarter in the previous year, the company earned $7.07 earnings per share. As a group, sell-side analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CHTR has been the subject of a number of research reports. Wells Fargo & Company lowered their price target on Charter Communications from $400.00 to $380.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Citigroup began coverage on Charter Communications in a research report on Friday, March 14th. They issued a "buy" rating and a $425.00 target price on the stock. Benchmark reissued a "buy" rating and set a $450.00 price target on shares of Charter Communications in a research report on Friday, January 31st. Barclays lifted their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research note on Monday, February 3rd. Finally, StockNews.com lowered shares of Charter Communications from a "buy" rating to a "hold" rating in a research note on Saturday, April 12th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Charter Communications presently 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.