Wellington Management Group LLP Buys Shares of 10,303 Charter Communications, Inc. (NASDAQ:CHTR)

Wellington Management Group LLP acquired a new stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,303 shares of the company's stock, valued at approximately $3,532,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CHTR. Franklin Resources Inc. boosted its position 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 acquiring an additional 148,003 shares in the last quarter. Norges Bank acquired a new position in Charter Communications in the fourth quarter valued at approximately $1,032,236,000. Arrowstreet Capital Limited Partnership raised its holdings in Charter Communications by 130.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company's stock worth $369,566,000 after purchasing an additional 609,554 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Charter Communications by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 847,921 shares of the company's stock worth $290,642,000 after buying an additional 23,225 shares during the last quarter. Finally, First Pacific Advisors LP increased its position in shares of Charter Communications by 0.6% during the fourth quarter. First Pacific Advisors LP now owns 614,122 shares of the company's stock worth $210,503,000 after purchasing an additional 3,490 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company's stock.

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Wall Street Analyst Weigh In

CHTR has been the topic of a number of research reports. Citigroup initiated coverage on Charter Communications in a research note on Friday, March 14th. They set a "buy" rating and a $425.00 price target on the stock. Benchmark reiterated a "buy" rating and issued a $450.00 price target on shares of Charter Communications in a research report on Friday, January 31st. Barclays raised 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. Royal Bank of Canada increased 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 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 note on Monday. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Charter Communications has an average rating of "Hold" and a consensus target price of $387.88.

Charter Communications Price Performance

Charter Communications stock traded up $6.80 during mid-day trading on Thursday, reaching $339.30. The company had a trading volume of 221,721 shares, compared to its average volume of 1,240,447. The stock's 50-day simple moving average is $357.64 and its 200-day simple moving average is $357.81. The company has a market capitalization of $48.16 billion, a P/E ratio of 9.73, a P/E/G ratio of 0.44 and a beta of 1.13. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. 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 posted its 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 in the prior year, the business earned $7.07 EPS. On average, equities analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current year.

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.