Makaira Partners LLC Raises Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Makaira Partners LLC grew its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 4.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 373,191 shares of the company's stock after buying an additional 14,510 shares during the quarter. Charter Communications accounts for approximately 20.0% of Makaira Partners LLC's investment portfolio, making the stock its biggest holding. Makaira Partners LLC owned 0.26% of Charter Communications worth $127,919,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Avior Wealth Management LLC grew its position in Charter Communications by 104.7% during the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock valued at $30,000 after buying an additional 45 shares during the period. Sierra Ocean LLC purchased a new position in Charter Communications in the fourth quarter valued at about $32,000. Generali Asset Management SPA SGR purchased a new position in Charter Communications in the fourth quarter valued at about $36,000. Brown Brothers Harriman & Co. grew its position in shares of Charter Communications by 37.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock valued at $36,000 after acquiring an additional 29 shares during the period. Finally, Wingate Wealth Advisors Inc. purchased a new stake in shares of Charter Communications during the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors own 81.76% of the company's stock.

Charter Communications Price Performance

Charter Communications stock traded down $3.10 during midday trading on Friday, hitting $392.72. 127,324 shares of the company's stock were exchanged, compared to its average volume of 1,317,328. The company has a market cap of $55.12 billion, a P/E ratio of 11.23, a PEG ratio of 0.44 and a beta of 1.11. 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 stock has a 50-day moving average price of $375.39 and a two-hundred day moving average price of $368.03. Charter Communications, Inc. has a 52-week low of $268.14 and a 52-week high of $437.06.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The company reported $8.42 earnings per share 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 during the quarter, compared to the consensus estimate of $13.67 billion. During the same quarter last year, the company posted $7.55 earnings per share. The firm's revenue for the quarter was up .4% on a year-over-year basis. On average, equities research analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on CHTR shares. Morgan Stanley upped their price objective on Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a research note on Monday, April 28th. Barclays upped their price target on Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research report on Monday, February 3rd. BNP Paribas reissued an "underperform" rating and issued a $290.00 price objective on shares of Charter Communications in a report on Thursday, April 10th. Benchmark restated a "buy" rating and issued a $450.00 price objective on shares of Charter Communications in a research note on Friday, January 31st. Finally, 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 research report on Monday, April 28th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price 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.