Quantessence Capital LLC Buys New Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Quantessence Capital LLC purchased a new position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,679 shares of the company's stock, valued at approximately $576,000.

A number of other institutional investors have also added to or reduced their stakes in CHTR. Virtu Financial LLC boosted its position in shares of Charter Communications by 262.6% during the 3rd quarter. Virtu Financial LLC now owns 13,731 shares of the company's stock valued at $4,450,000 after acquiring an additional 9,944 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Charter Communications in the 3rd quarter worth about $165,000. Tidal Investments LLC raised its position in shares of Charter Communications by 1.3% during the 3rd quarter. Tidal Investments LLC now owns 17,261 shares of the company's stock valued at $5,594,000 after buying an additional 229 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of 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. Finally, Oddo BHF Asset Management Sas bought a new stake in Charter Communications during the third quarter worth approximately $1,345,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Price Performance

Charter Communications stock opened at $331.34 on Wednesday. The company has a fifty day simple moving average of $356.08 and a 200-day simple moving average of $358.22. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The firm has a market capitalization of $47.03 billion, a price-to-earnings ratio of 9.48, a PEG ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its earnings results on Friday, February 7th. The company reported $10.10 earnings per share 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 period last year, the business posted $7.07 EPS. On average, equities analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CHTR. Royal Bank of Canada boosted their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the company a "sector perform" rating in a research report on Monday, February 3rd. Benchmark reaffirmed a "buy" rating and issued a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. Barclays upped 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. Citigroup assumed coverage on shares of Charter Communications in a report on Friday, March 14th. They set a "buy" rating and a $425.00 target price for the company. Finally, StockNews.com raised shares of Charter Communications from a "hold" rating to a "buy" rating in a report on Tuesday. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Charter Communications has a consensus 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.

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