Trexquant Investment LP raised its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 100.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,465 shares of the company's stock after acquiring an additional 18,738 shares during the period. Trexquant Investment LP's holdings in Charter Communications were worth $12,842,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of CHTR. Avior Wealth Management LLC lifted its position in Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock valued at $30,000 after acquiring an additional 45 shares in the last quarter. Sierra Ocean LLC acquired a new stake in shares of Charter Communications in the fourth quarter valued at about $32,000. Generali Asset Management SPA SGR acquired a new stake in shares of Charter Communications in the fourth quarter valued at about $36,000. Brown Brothers Harriman & Co. boosted its position in Charter Communications by 37.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock valued at $36,000 after purchasing an additional 29 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new position in Charter Communications in the fourth quarter valued at approximately $45,000. 81.76% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the stock. KeyCorp upgraded shares of Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 target price on the stock in a report on Thursday, December 12th. StockNews.com downgraded Charter Communications from a "buy" rating to a "hold" rating in a research report on Friday. Royal Bank of Canada raised their price objective on Charter Communications from $380.00 to $385.00 and gave the company a "sector perform" rating in a research report on Monday, February 3rd. Benchmark reissued a "buy" rating and set a $450.00 target price on shares of Charter Communications in a report on Friday, January 31st. Finally, Citigroup started coverage on Charter Communications in a report on Friday, March 14th. They set a "buy" rating and a $425.00 price target for the company. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Charter Communications presently has an average rating of "Hold" and an average price target of $393.18.
View Our Latest Research Report on CHTR
Charter Communications Price Performance
Shares of NASDAQ CHTR traded down $30.11 during midday trading on Friday, reaching $338.29. The company's stock had a trading volume of 1,834,015 shares, compared to its average volume of 1,230,751. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market cap of $48.02 billion, a P/E ratio of 9.68, a P/E/G ratio of 0.44 and a beta of 1.12. The business's 50 day moving average price is $360.56 and its two-hundred day moving average price is $357.63. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27.
Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating the consensus estimate 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 posted $7.07 earnings per share. On average, analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.
About Charter Communications
(
Free Report)
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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