XN LP acquired a new position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 20,078 shares of the company's stock, valued at approximately $6,882,000. Charter Communications accounts for approximately 0.3% of XN LP's holdings, making the stock its 22nd biggest holding.
Several other institutional investors have also recently made changes to their positions in the stock. Caprock Group LLC raised its stake in Charter Communications by 39.7% during the 4th quarter. Caprock Group LLC now owns 3,517 shares of the company's stock valued at $1,206,000 after purchasing an additional 999 shares during the period. Nisa Investment Advisors LLC raised its stake in Charter Communications by 17.4% during the 4th 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 during the period. O Shaughnessy Asset Management LLC raised its stake in Charter Communications by 213.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 26,344 shares of the company's stock valued at $9,030,000 after purchasing an additional 17,952 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Charter Communications by 3.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,855 shares of the company's stock valued at $1,696,000 after purchasing an additional 161 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in Charter Communications during the 4th quarter valued at approximately $33,485,000. Institutional investors own 81.76% of the company's stock.
Charter Communications Trading Down 0.9%
Shares of Charter Communications stock traded down $3.57 on Friday, reaching $406.36. The company had a trading volume of 1,146,395 shares, compared to its average volume of 1,269,336. The firm has a market cap of $57.04 billion, a price-to-earnings ratio of 11.62, a P/E/G ratio of 0.44 and a beta of 1.11. 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's 50-day moving average price is $371.91 and its two-hundred day moving average price is $367.54. Charter Communications, Inc. has a 1 year low of $268.14 and a 1 year high of $437.06.
Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its 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 company had revenue of $13.74 billion during the quarter, compared to analysts' expectations of $13.67 billion. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. Charter Communications's revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the firm posted $7.55 EPS. As a group, research analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.
Analyst Ratings Changes
CHTR has been the topic of several recent analyst reports. Wells Fargo & Company lifted their target price on Charter Communications from $380.00 to $400.00 and gave the company an "equal weight" rating in a research note on Monday, April 28th. Loop Capital upgraded Charter Communications from a "hold" rating to a "buy" rating and raised their price target for the company from $430.00 to $510.00 in a report on Monday, May 19th. Oppenheimer upgraded Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 price target for the company in a report on Friday, May 16th. BNP Paribas restated an "underperform" rating and set a $290.00 price target on shares of Charter Communications in a report on Thursday, April 10th. Finally, Royal Bank of Canada raised their price target on Charter Communications from $385.00 to $395.00 and gave the company a "sector perform" rating in a report on Monday, April 28th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $409.39.
Check Out Our Latest Report on CHTR
Charter Communications Company Profile
(
Free Report)
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.
Read More
Before you consider Charter Communications, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Charter Communications wasn't on the list.
While Charter Communications currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
