Shaolin Capital Management LLC Takes Position in Charter Communications, Inc. (NASDAQ:CHTR)

Shaolin Capital Management LLC acquired a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,700 shares of the company's stock, valued at approximately $925,000.

A number of other institutional investors also recently bought and sold shares of the company. Lind Value II ApS purchased a new stake in shares of Charter Communications during the 4th quarter valued at approximately $9,743,000. Oddo BHF Asset Management Sas acquired a new stake in Charter Communications during the third quarter worth $1,345,000. Caprock Group LLC raised its position in Charter Communications by 39.7% in the fourth quarter. Caprock Group LLC now owns 3,517 shares of the company's stock valued at $1,206,000 after purchasing an additional 999 shares during the period. Franklin Resources Inc. lifted its stake 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 purchasing an additional 148,003 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Charter Communications by 17.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 32,478 shares of the company's stock worth $11,132,000 after purchasing an additional 4,813 shares during the period. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Trading Up 11.4 %

Shares of NASDAQ:CHTR opened at $373.65 on Friday. Charter Communications, Inc. has a 52 week low of $252.93 and a 52 week high of $415.27. The company's 50 day moving average is $355.36 and its two-hundred day moving average is $358.64. The company has a market cap of $53.04 billion, a PE ratio of 10.69, a P/E/G ratio of 0.44 and a beta of 1.13. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its earnings results on Friday, April 25th. The company reported $8.42 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 net margin of 9.23% and a return on equity of 29.01%. During the same period last year, the company earned $7.55 EPS. Equities analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CHTR has been the topic of a number of recent analyst reports. StockNews.com raised shares of Charter Communications from a "hold" rating to a "buy" rating in a research report on Tuesday, April 22nd. Barclays increased their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a research report on Monday, February 3rd. BNP Paribas reissued an "underperform" rating and issued a $290.00 target price on shares of Charter Communications in a research report on Thursday, April 10th. Citigroup started coverage on Charter Communications in a research report on Friday, March 14th. They set a "buy" rating and a $425.00 price target for the company. Finally, Wells Fargo & Company cut their price objective on Charter Communications from $400.00 to $380.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Charter Communications has an average rating of "Hold" and an average target price of $387.88.

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.

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