Ascent Group LLC Takes Position in Charter Communications, Inc. (NASDAQ:CHTR)

Ascent Group LLC acquired a new position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,056 shares of the company's stock, valued at approximately $362,000.

Several other large investors also recently modified their holdings of CHTR. Norges Bank bought a new stake in shares of Charter Communications in the fourth quarter worth $1,032,236,000. Price T Rowe Associates Inc. MD grew its stake in shares of Charter Communications by 822.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company's stock valued at $433,167,000 after acquiring an additional 1,126,783 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings 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 worth $369,566,000 after acquiring an additional 609,554 shares in the last quarter. LSV Asset Management increased its holdings in 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 acquiring an additional 175,205 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Charter Communications by 21.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 900,849 shares of the company's stock worth $308,795,000 after acquiring an additional 161,547 shares in the last quarter. Institutional investors own 81.76% of the company's stock.

Charter Communications Trading Down 0.8%

CHTR stock traded down $3.18 during midday trading on Friday, reaching $392.63. 1,829,863 shares of the company traded hands, compared to its average volume of 1,273,575. Charter Communications, Inc. has a 52-week low of $272.49 and a 52-week high of $437.06. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The business has a 50 day moving average of $375.74 and a 200-day moving average of $367.58. The firm has a market capitalization of $55.11 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 0.44 and a beta of 1.11.

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 analysts' consensus estimates of $8.70 by ($0.28). Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. The company had revenue of $13.74 billion for the quarter, compared to analysts' expectations of $13.67 billion. During the same quarter last year, the company earned $7.55 earnings per share. The company's revenue for the quarter was up .4% on a year-over-year basis. As a group, sell-side analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CHTR has been the subject of several analyst reports. Citigroup increased their target price on shares of Charter Communications from $425.00 to $445.00 and gave the stock a "buy" rating in a report on Monday, April 28th. Royal Bank of Canada increased their target price 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. Raymond James raised Charter Communications from an "underperform" rating to a "market perform" rating in a research note on Monday, May 19th. Loop Capital raised Charter Communications from a "hold" rating to a "buy" rating and upped their price objective for the stock from $430.00 to $510.00 in a research note on Monday, May 19th. Finally, BNP Paribas reaffirmed an "underperform" rating and issued a $290.00 price objective on shares of Charter Communications in a research note on Thursday, April 10th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $409.39.

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.