Corton Capital Inc. Makes New Investment in Charter Communications, Inc. (NASDAQ:CHTR)

Corton Capital Inc. acquired a new stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 772 shares of the company's stock, valued at approximately $265,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CHTR. Norges Bank acquired a new position in shares of Charter Communications during the fourth quarter valued at about $1,032,236,000. Price T Rowe Associates Inc. MD lifted its stake in Charter Communications by 822.8% during the fourth 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. Arrowstreet Capital Limited Partnership boosted its stake in Charter Communications by 130.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company's stock valued at $369,566,000 after buying an additional 609,554 shares in the last quarter. LSV Asset Management grew its holdings in shares of Charter Communications by 8,343.1% in the 4th quarter. LSV Asset Management now owns 177,305 shares of the company's stock worth $60,775,000 after purchasing an additional 175,205 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Charter Communications by 21.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 900,849 shares of the company's stock valued at $308,795,000 after acquiring an additional 161,547 shares during the last quarter. Institutional investors own 81.76% of the company's stock.

Charter Communications Price Performance

Shares of CHTR opened at $402.75 on Wednesday. The company's 50-day moving average is $359.31 and its 200-day moving average is $361.54. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market capitalization of $56.53 billion, a PE ratio of 11.52, a PEG ratio of 0.44 and a beta of 1.11. Charter Communications, Inc. has a fifty-two week low of $261.76 and a fifty-two week high of $415.27.

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

Wall Street Analyst Weigh In

CHTR has been the subject of several research analyst reports. StockNews.com upgraded Charter Communications from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Wells Fargo & Company increased their target price on shares of Charter Communications from $380.00 to $400.00 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 target price on shares of Charter Communications in a research note on Friday, January 31st. Morgan Stanley boosted their price target on Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a report on Monday, April 28th. Finally, Barclays lifted their price target on shares of Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research note on Monday, February 3rd. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $399.35.

About Charter Communications

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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