Berkshire Hathaway Inc Has $682.72 Million Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Berkshire Hathaway Inc decreased its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 29.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,991,759 shares of the company's stock after selling 830,120 shares during the quarter. Charter Communications accounts for about 0.3% of Berkshire Hathaway Inc's investment portfolio, making the stock its 26th largest holding. Berkshire Hathaway Inc owned approximately 1.40% of Charter Communications worth $682,715,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CHTR. Lind Value II ApS acquired a new stake in Charter Communications in the fourth quarter valued at $9,743,000. Caprock Group LLC grew its position in 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 in the last quarter. Franklin Resources Inc. boosted its position in shares of Charter Communications by 4.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock valued at $1,052,868,000 after purchasing an additional 148,003 shares during the period. Nisa Investment Advisors LLC increased its stake in Charter Communications by 17.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 32,478 shares of the company's stock worth $11,132,000 after purchasing an additional 4,813 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in Charter Communications by 213.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 26,344 shares of the company's stock valued at $9,030,000 after buying an additional 17,952 shares in the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CHTR shares. Benchmark reiterated a "buy" rating and set a $450.00 price objective on shares of Charter Communications in a research report on Friday, January 31st. StockNews.com raised Charter Communications from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Citigroup upped their target price on Charter Communications from $425.00 to $445.00 and gave the company a "buy" rating in a report on Monday, April 28th. Royal Bank of Canada raised their price target on shares of Charter Communications from $385.00 to $395.00 and gave the stock a "sector perform" rating in a report on Monday, April 28th. Finally, Loop Capital upped their price objective on shares of Charter Communications from $385.00 to $430.00 and gave the company a "hold" rating in a research note on Monday, April 28th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $399.35.

Charter Communications Stock Performance

CHTR stock traded up $2.10 during midday trading on Wednesday, hitting $404.11. 1,113,973 shares of the company traded hands, compared to its average volume of 1,258,460. Charter Communications, Inc. has a twelve month low of $261.76 and a twelve month high of $415.27. The stock has a market capitalization of $56.72 billion, a price-to-earnings ratio of 11.56, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The business has a 50 day simple moving average of $359.31 and a 200-day simple moving average of $361.54.

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

Charter Communications Company 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.