O Shaughnessy Asset Management LLC boosted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 213.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,344 shares of the company's stock after acquiring an additional 17,952 shares during the period. O Shaughnessy Asset Management LLC's holdings in Charter Communications were worth $9,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also added to or reduced their stakes in the company. Avior Wealth Management LLC grew its stake in Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock valued at $30,000 after purchasing an additional 45 shares during the last quarter. Sierra Ocean LLC purchased a new position in shares of Charter Communications in the 4th quarter worth approximately $32,000. Generali Asset Management SPA SGR bought a new position in shares of Charter Communications during the 4th quarter worth approximately $36,000. Brown Brothers Harriman & Co. lifted its position in Charter Communications by 37.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock valued at $36,000 after acquiring an additional 29 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new stake in Charter Communications in the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 81.76% of the company's stock.
Charter Communications Stock Down 6.6 %
NASDAQ:CHTR traded down $24.46 during midday trading on Friday, reaching $343.94. The company had a trading volume of 1,135,582 shares, compared to its average volume of 1,211,636. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. The firm has a market capitalization of $48.82 billion, a price-to-earnings ratio of 9.84, a PEG ratio of 0.44 and a beta of 1.12. 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 stock's fifty day simple moving average is $361.15 and its 200-day simple moving average is $357.53.
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 period in the prior year, the firm posted $7.07 EPS. On average, sell-side analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on CHTR. Royal Bank of Canada upped their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the company a "sector perform" rating in a report on Monday, February 3rd. KeyCorp raised shares of Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price target for the company in a report on Thursday, December 12th. StockNews.com lowered shares of Charter Communications from a "buy" rating to a "hold" rating in a report on Friday. Barclays raised their target price on Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a research note on Monday, February 3rd. Finally, Citigroup assumed coverage on Charter Communications in a research note on Friday, March 14th. They set a "buy" rating and a $425.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $393.18.
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About Charter Communications
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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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