Charter Communications, Inc. (NASDAQ:CHTR) Shares Purchased by Townsquare Capital LLC

Townsquare Capital LLC boosted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 66.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,858 shares of the company's stock after buying an additional 1,137 shares during the period. Townsquare Capital LLC's holdings in Charter Communications were worth $979,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CHTR. Lind Value II ApS purchased a new stake in shares of Charter Communications in the fourth quarter valued at about $9,743,000. Oddo BHF Asset Management Sas acquired a new position in Charter Communications in the 3rd quarter valued at about $1,345,000. Caprock Group LLC grew its stake in shares of Charter Communications by 39.7% in the 4th quarter. Caprock Group LLC now owns 3,517 shares of the company's stock valued at $1,206,000 after buying an additional 999 shares during the period. Franklin Resources Inc. increased its holdings in shares of Charter Communications by 4.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock worth $1,052,868,000 after buying an additional 148,003 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position 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 valued at $11,132,000 after buying an additional 4,813 shares during the period. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Stock Up 3.5 %

NASDAQ CHTR traded up $11.61 on Wednesday, hitting $342.95. 332,986 shares of the stock were exchanged, compared to its average volume of 1,242,540. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The company has a 50-day moving average price of $356.08 and a 200-day moving average price of $358.22. The company has a market cap of $48.68 billion, a PE ratio of 9.81, a PEG ratio of 0.44 and a beta of 1.13. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73.

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 for the quarter, beating 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 period in the previous year, the firm earned $7.07 EPS. Sell-side analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CHTR has been the subject of several recent analyst reports. StockNews.com raised Charter Communications from a "hold" rating to a "buy" rating in a research note on Tuesday. BNP Paribas reissued an "underperform" rating and set a $290.00 price objective on shares of Charter Communications in a research report on Thursday, April 10th. Benchmark reaffirmed a "buy" rating and issued a $450.00 target price on shares of Charter Communications in a research report on Friday, January 31st. Citigroup assumed coverage on shares of 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, 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. Five investment 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 data from MarketBeat, Charter Communications currently has a consensus rating of "Hold" and a consensus price target 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.