Senator Investment Group LP Acquires New Position in Charter Communications, Inc. (NASDAQ:CHTR)

Senator Investment Group LP acquired a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 142,792 shares of the company's stock, valued at approximately $48,945,000. Charter Communications accounts for 1.4% of Senator Investment Group LP's investment portfolio, making the stock its 22nd largest holding. Senator Investment Group LP owned 0.10% of Charter Communications as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Brown Brothers Harriman & Co. raised its position in Charter Communications by 37.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock worth $36,000 after purchasing an additional 29 shares during the period. Chemistry Wealth Management LLC grew its stake in shares of Charter Communications by 4.8% during the fourth quarter. Chemistry Wealth Management LLC now owns 660 shares of the company's stock valued at $226,000 after buying an additional 30 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Charter Communications by 3.4% in the fourth quarter. Jones Financial Companies Lllp now owns 904 shares of the company's stock worth $310,000 after buying an additional 30 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Charter Communications by 4.2% during the 4th quarter. Quadrant Capital Group LLC now owns 740 shares of the company's stock worth $254,000 after acquiring an additional 30 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Charter Communications by 5.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 622 shares of the company's stock valued at $213,000 after acquiring an additional 34 shares during the period. 81.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Citigroup started coverage on Charter Communications in a research report on Friday, March 14th. They set a "buy" rating and a $425.00 target price for the company. StockNews.com raised shares of Charter Communications from a "hold" rating to a "buy" rating in a research report on Tuesday. Royal Bank of Canada raised their target price on shares of Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a research report on Monday, February 3rd. Barclays boosted their price target on Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a report on Monday, February 3rd. Finally, BNP Paribas restated an "underperform" rating and set a $290.00 price objective on shares of Charter Communications in a report on Thursday, April 10th. 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's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $387.88.

Charter Communications Stock Down 0.6 %

Shares of NASDAQ:CHTR traded down $2.18 during trading on Thursday, reaching $335.33. The stock had a trading volume of 2,171,283 shares, compared to its average volume of 1,252,450. 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 has a market capitalization of $47.60 billion, a P/E ratio of 9.59, a PEG ratio of 0.44 and a beta of 1.13. The firm's 50-day simple moving average is $355.62 and its 200 day simple moving average is $358.08. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, topping 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 last year, the company earned $7.07 EPS. As a group, research analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Charter Communications Company 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.