RD Lewis Holdings Inc. Makes New Investment in Charter Communications, Inc. (NASDAQ:CHTR)

RD Lewis Holdings Inc. purchased a new stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,081 shares of the company's stock, valued at approximately $376,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Franklin Resources Inc. raised its position 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 buying an additional 148,003 shares in the last quarter. Geode Capital Management LLC increased its stake in Charter Communications by 0.6% in the third quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company's stock valued at $785,744,000 after acquiring an additional 13,430 shares during the last quarter. FMR LLC raised its position in Charter Communications by 27.7% during the third quarter. FMR LLC now owns 1,064,948 shares of the company's stock valued at $345,128,000 after purchasing an additional 230,817 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Charter Communications by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 847,921 shares of the company's stock worth $290,642,000 after purchasing an additional 23,225 shares during the last quarter. Finally, First Pacific Advisors LP increased its stake in shares of Charter Communications by 0.6% in the 4th quarter. First Pacific Advisors LP now owns 614,122 shares of the company's stock valued at $210,503,000 after purchasing an additional 3,490 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

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Charter Communications Stock Up 0.3 %

NASDAQ CHTR traded up $1.23 during mid-day trading on Friday, hitting $363.81. The company's stock had a trading volume of 1,569,789 shares, compared to its average volume of 1,194,285. The company's 50 day simple moving average is $356.74 and its 200 day simple moving average is $354.94. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month 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 firm has a market capitalization of $51.73 billion, a price-to-earnings ratio of 10.41, a PEG ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company posted $7.07 earnings per share. Analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

CHTR has been the topic of several research analyst reports. BNP Paribas raised Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 price objective on the stock in a research note on Tuesday, November 26th. Royal Bank of Canada increased their target price on shares of Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a report on Monday, February 3rd. Barclays increased their target price on shares of Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a report on Monday, February 3rd. Citigroup started coverage on shares of Charter Communications in a report on Friday, March 14th. They issued a "buy" rating and a $425.00 target price for the company. Finally, Benchmark reissued a "buy" rating and issued a $450.00 target price on shares of Charter Communications in a report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Charter Communications currently has an average rating of "Hold" and a consensus 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.