HighTower Advisors LLC Increases Stake in Charter Communications, Inc. (NASDAQ:CHTR)

HighTower Advisors LLC raised its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 20.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,971 shares of the company's stock after acquiring an additional 4,862 shares during the period. HighTower Advisors LLC's holdings in Charter Communications were worth $9,930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Lind Value II ApS bought a new position in shares of Charter Communications during the 4th quarter valued at approximately $9,743,000. Oddo BHF Asset Management Sas bought a new position in Charter Communications in the 3rd quarter valued at $1,345,000. Worldquant Millennium Advisors LLC grew its position in Charter Communications by 193.8% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company's stock valued at $12,993,000 after acquiring an additional 26,446 shares during the last quarter. Caprock Group LLC grew its position in Charter Communications by 39.7% in the 4th quarter. Caprock Group LLC now owns 3,517 shares of the company's stock valued at $1,206,000 after acquiring an additional 999 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Charter Communications by 4.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock valued at $1,052,868,000 after acquiring an additional 148,003 shares during the last quarter. Institutional investors own 81.76% of the company's stock.

Charter Communications Stock Up 0.3 %

NASDAQ CHTR traded up $1.23 during trading on Friday, hitting $363.81. The company's stock had a trading volume of 1,566,796 shares, compared to its average volume of 1,194,443. 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, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The company has a market cap of $51.73 billion, a PE ratio of 10.41, a P/E/G ratio of 0.44 and a beta of 1.13. The business's 50 day simple moving average is $356.16 and its 200-day simple moving average is $354.82.

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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 return on equity of 29.01% and a net margin of 9.23%. During the same quarter in the prior year, the business earned $7.07 earnings per share. On average, equities analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Barclays upped their price objective on Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research report on Monday, February 3rd. Citigroup assumed coverage on Charter Communications in a research report on Friday, March 14th. They issued a "buy" rating and a $425.00 price objective on the stock. KeyCorp raised Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price objective on the stock in a research report on Thursday, December 12th. BNP Paribas raised Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 price target on the stock in a research report on Tuesday, November 26th. Finally, 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. Four analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $389.39.

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.