Bwcp LP Takes $13.66 Million Position in Charter Communications, Inc. (NASDAQ:CHTR)

Bwcp LP acquired a new stake 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 (SEC). The institutional investor acquired 39,837 shares of the company's stock, valued at approximately $13,655,000. Charter Communications comprises about 2.9% of Bwcp LP's portfolio, making the stock its 19th largest holding.

Other large investors also recently modified their holdings of the company. Franklin Resources Inc. increased its stake in shares of Charter Communications by 4.9% during the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock valued at $1,052,868,000 after buying an additional 148,003 shares during the period. Norges Bank purchased a new position in Charter Communications during the 4th quarter valued at $1,032,236,000. Geode Capital Management LLC raised its holdings in Charter Communications by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 2,477,276 shares of the company's stock worth $847,087,000 after purchasing an additional 45,045 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Charter Communications by 822.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company's stock worth $433,167,000 after purchasing an additional 1,126,783 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Charter Communications by 130.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company's stock valued at $369,566,000 after purchasing an additional 609,554 shares in the last quarter. 81.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

CHTR has been the subject of a number of research reports. Morgan Stanley increased their price objective on Charter Communications from $385.00 to $415.00 and gave the stock an "equal weight" rating in a report on Monday, April 28th. Benchmark reissued a "buy" rating and set a $450.00 price objective on shares of Charter Communications in a research note on Friday, January 31st. Citigroup upped their price objective on shares of Charter Communications from $425.00 to $445.00 and gave the stock a "buy" rating in a report on Monday, April 28th. Royal Bank of Canada boosted their price target on Charter Communications from $385.00 to $395.00 and gave the stock a "sector perform" rating in a research report on Monday, April 28th. Finally, StockNews.com raised Charter Communications from a "hold" rating to a "buy" rating in a research report on Thursday. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $399.35.

Charter Communications Stock Performance

CHTR stock traded up $9.24 during trading on Monday, reaching $394.24. The stock had a trading volume of 1,311,332 shares, compared to its average volume of 1,258,964. The firm has a market cap of $55.34 billion, a PE ratio of 11.28, a PEG ratio of 0.44 and a beta of 1.11. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The stock's 50 day moving average is $357.62 and its two-hundred day moving average is $360.77. Charter Communications, Inc. has a 52 week low of $261.76 and a 52 week high of $415.27.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The company reported $8.42 EPS for the quarter, missing the consensus estimate of $8.70 by ($0.28). Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. The firm had revenue of $13.74 billion for the quarter, compared to the consensus estimate of $13.67 billion. During the same quarter in the previous year, the business earned $7.55 earnings per share. The firm's revenue for the quarter was up .4% on a year-over-year basis. As a group, equities analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share 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.