Price T Rowe Associates Inc. MD Has $433.17 Million Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Price T Rowe Associates Inc. MD lifted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 822.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,263,721 shares of the company's stock after acquiring an additional 1,126,783 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.89% of Charter Communications worth $433,167,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CHTR. Lind Value II ApS acquired a new stake in shares of Charter Communications in the 4th quarter valued at approximately $9,743,000. Oddo BHF Asset Management Sas acquired a new position in Charter Communications during the third quarter worth about $1,345,000. Caprock Group LLC increased its position in Charter Communications by 39.7% during the fourth quarter. Caprock Group LLC now owns 3,517 shares of the company's stock worth $1,206,000 after buying an additional 999 shares in the last quarter. Franklin Resources Inc. increased its position in Charter Communications by 4.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock worth $1,052,868,000 after purchasing an additional 148,003 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of Charter Communications by 17.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 32,478 shares of the company's stock valued at $11,132,000 after buying an additional 4,813 shares during the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Trading Up 2.6 %

Shares of CHTR stock traded up $9.63 during trading hours on Tuesday, reaching $386.50. 903,082 shares of the stock traded hands, compared to its average volume of 1,251,017. The business has a fifty day moving average price of $355.67 and a 200 day moving average price of $359.20. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications, Inc. has a 1-year low of $252.93 and a 1-year high of $415.27. The firm has a market capitalization of $54.86 billion, a PE ratio of 11.03, a PEG ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.70 by ($0.28). The business had revenue of $13.74 billion during the quarter, compared to analysts' expectations of $13.67 billion. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. The firm's revenue was up .4% on a year-over-year basis. During the same period in the prior year, the company posted $7.55 earnings per share. On average, equities research analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. StockNews.com upgraded Charter Communications from a "hold" rating to a "buy" rating in a research note on Tuesday, April 22nd. Royal Bank of Canada raised their target price on shares of Charter Communications from $385.00 to $395.00 and gave the stock a "sector perform" rating in a research report on Monday. Citigroup increased their price target on shares of Charter Communications from $425.00 to $445.00 and gave the stock a "buy" rating in a research note on Monday. Barclays boosted 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, BNP Paribas reaffirmed an "underperform" rating and issued a $290.00 price objective on shares of Charter Communications in a research note on Thursday, April 10th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $399.35.

About Charter Communications

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.