Woodline Partners LP Makes New Investment in Charter Communications, Inc. (NASDAQ:CHTR)

Woodline Partners LP purchased a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,896 shares of the company's stock, valued at approximately $650,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Avior Wealth Management LLC raised its stake in Charter Communications by 104.7% during the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock worth $30,000 after purchasing an additional 45 shares during the period. Sierra Ocean LLC purchased a new position in Charter Communications during the fourth quarter worth about $32,000. Generali Asset Management SPA SGR purchased a new position in Charter Communications during the fourth quarter worth about $36,000. Brown Brothers Harriman & Co. raised its stake in Charter Communications by 37.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock worth $36,000 after purchasing an additional 29 shares during the period. Finally, Wingate Wealth Advisors Inc. purchased a new position in Charter Communications during the fourth quarter worth about $45,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Stock Down 0.8%

NASDAQ CHTR traded down $3.18 on Friday, hitting $392.63. 1,829,863 shares of the stock were exchanged, compared to its average volume of 1,273,575. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications, Inc. has a fifty-two week low of $272.49 and a fifty-two week high of $437.06. The company has a market cap of $55.11 billion, a PE ratio of 11.23, a PEG ratio of 0.44 and a beta of 1.11. The company has a 50-day moving average price of $375.74 and a 200-day moving average price of $367.77.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly earnings results 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 return on equity of 29.01% and a net margin of 9.23%. The firm had revenue of $13.74 billion for the quarter, compared to analyst estimates of $13.67 billion. During the same quarter last year, the firm earned $7.55 EPS. The company's revenue was up .4% on a year-over-year basis. Sell-side analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analyst Ratings Changes

CHTR has been the topic of a number of analyst reports. Loop Capital raised shares of Charter Communications from a "hold" rating to a "buy" rating and lifted their target price for the stock from $430.00 to $510.00 in a research note on Monday, May 19th. Oppenheimer raised shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 target price on the stock in a research note on Friday, May 16th. BNP Paribas reissued an "underperform" rating and issued a $290.00 price target on shares of Charter Communications in a research note on Thursday, April 10th. Citigroup boosted their price target on shares of Charter Communications from $425.00 to $445.00 and gave the company a "buy" rating in a research note on Monday, April 28th. Finally, Benchmark reissued a "buy" rating and issued a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $409.39.

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.