CastleKnight Management LP Grows Position in Charter Communications, Inc. (NASDAQ:CHTR)

CastleKnight Management LP boosted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 4.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,380 shares of the company's stock after purchasing an additional 1,000 shares during the period. CastleKnight Management LP's holdings in Charter Communications were worth $8,700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in CHTR. Lind Value II ApS acquired a new position in Charter Communications in the fourth quarter valued at about $9,743,000. Caprock Group LLC boosted its position in shares of Charter Communications by 39.7% during the 4th quarter. Caprock Group LLC now owns 3,517 shares of the company's stock worth $1,206,000 after purchasing an additional 999 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Charter Communications by 17.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 32,478 shares of the company's stock valued at $11,132,000 after purchasing an additional 4,813 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in Charter Communications by 213.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 26,344 shares of the company's stock valued at $9,030,000 after acquiring an additional 17,952 shares during the last quarter. Finally, Kathmere Capital Management LLC acquired a new stake in shares of Charter Communications during the fourth quarter worth approximately $289,000. Institutional investors and hedge funds own 81.76% of the company's stock.

Charter Communications Stock Up 2.4 %

CHTR stock opened at $394.24 on Tuesday. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. Charter Communications, Inc. has a fifty-two week low of $261.76 and a fifty-two week high of $415.27. The business's 50-day moving average is $358.44 and its two-hundred day moving average is $361.25. The company has a market cap of $55.34 billion, a price-to-earnings ratio of 11.28, a P/E/G ratio of 0.44 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The company reported $8.42 EPS for the quarter, missing analysts' consensus estimates of $8.70 by ($0.28). The business had revenue of $13.74 billion during the quarter, compared to analysts' expectations of $13.67 billion. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. The company's quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the business posted $7.55 earnings per share. As a group, analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CHTR. Barclays lifted their price objective on Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research report on Monday, February 3rd. StockNews.com upgraded Charter Communications from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Royal Bank of Canada increased their price target on Charter Communications from $385.00 to $395.00 and gave the company a "sector perform" rating in a research report on Monday, April 28th. Wells Fargo & Company boosted their price objective on Charter Communications from $380.00 to $400.00 and gave the company an "equal weight" rating in a research report on Monday, April 28th. Finally, BNP Paribas restated an "underperform" rating and set a $290.00 target price on shares of Charter Communications in a research note on Thursday, April 10th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Charter Communications currently has a consensus rating of "Hold" and an average price target of $399.35.

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.

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