Totem Point Management LLC Takes Position in Charter Communications, Inc. (NASDAQ:CHTR)

Totem Point 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 disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,867 shares of the company's stock, valued at approximately $2,011,000. Charter Communications accounts for about 2.1% of Totem Point Management LLC's holdings, making the stock its 15th largest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Avior Wealth Management LLC boosted its holdings in Charter Communications by 104.7% during the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock valued at $30,000 after acquiring an additional 45 shares during the period. Sierra Ocean LLC bought a new stake in Charter Communications during the 4th quarter valued at approximately $32,000. Generali Asset Management SPA SGR acquired a new stake in Charter Communications in the 4th quarter valued at approximately $36,000. Brown Brothers Harriman & Co. grew its holdings in Charter Communications by 37.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock valued at $36,000 after buying an additional 29 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new position in Charter Communications in the 4th quarter worth approximately $45,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Price Performance

Shares of Charter Communications stock opened at $331.34 on Wednesday. The stock has a market capitalization of $47.03 billion, a price-to-earnings ratio of 9.48, a P/E/G ratio of 0.44 and a beta of 1.13. The firm's 50-day moving average price is $356.08 and its two-hundred day moving average price is $358.22. 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, Inc. has a 1-year low of $236.08 and a 1-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 EPS for the quarter, topping analysts' consensus estimates of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same quarter last year, the firm posted $7.07 EPS. On average, equities analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada raised their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a research note on Monday, February 3rd. Benchmark reaffirmed a "buy" rating and set a $450.00 price objective on shares of Charter Communications in a research report on Friday, January 31st. StockNews.com upgraded shares of Charter Communications from a "hold" rating to a "buy" rating in a research note on Tuesday. Barclays boosted their price target on Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research note on Monday, February 3rd. Finally, Wells Fargo & Company reduced their price objective on Charter Communications from $400.00 to $380.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Charter Communications presently has an average rating of "Hold" and a consensus 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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