New Age Alpha Advisors LLC bought a new stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,729 shares of the company's stock, valued at approximately $593,000.
Several other hedge funds have also recently added to or reduced their stakes in CHTR. Townsquare Capital LLC lifted its holdings in Charter Communications by 16.8% in the third quarter. Townsquare Capital LLC now owns 1,721 shares of the company's stock worth $558,000 after purchasing an additional 248 shares during the period. Public Sector Pension Investment Board lifted its stake in shares of Charter Communications by 9.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 4,710 shares of the company's stock worth $1,526,000 after acquiring an additional 400 shares during the period. Captrust Financial Advisors boosted its holdings in shares of Charter Communications by 7.3% in the third quarter. Captrust Financial Advisors now owns 1,240 shares of the company's stock valued at $402,000 after acquiring an additional 84 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Charter Communications during the third quarter valued at approximately $2,097,000. Finally, Aureus Asset Management LLC raised its holdings in Charter Communications by 1.0% during the third quarter. Aureus Asset Management LLC now owns 86,883 shares of the company's stock worth $28,157,000 after purchasing an additional 879 shares in the last quarter. Institutional investors own 81.76% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have issued reports on CHTR. Citigroup began coverage on Charter Communications in a research note on Friday, March 14th. They set a "buy" rating and a $425.00 price target for the company. Barclays lifted their target price on Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a report on Monday, February 3rd. KeyCorp upgraded shares of Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price target on the stock in a research report on Thursday, December 12th. Royal Bank of Canada lifted their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a research note on Monday, February 3rd. Finally, StockNews.com downgraded shares of Charter Communications from a "buy" rating to a "hold" rating in a report on Friday. Four analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Charter Communications has a consensus rating of "Hold" and a consensus price target of $393.18.
View Our Latest Stock Report on Charter Communications
Charter Communications Stock Down 8.2 %
NASDAQ CHTR traded down $30.11 during trading on Friday, reaching $338.29. 1,834,015 shares of the company's stock were exchanged, compared to its average volume of 1,230,751. The firm has a market capitalization of $48.02 billion, a PE ratio of 9.68, a P/E/G ratio of 0.44 and a beta of 1.12. 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 current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The company's fifty day simple moving average is $360.56 and its 200-day simple moving average is $357.63.
Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The company reported $10.10 EPS for the quarter, beating 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 prior year, the firm earned $7.07 EPS. Sell-side analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current year.
About Charter Communications
(
Free Report)
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.
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