Makaira Partners LLC Acquires 14,510 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Makaira Partners LLC lifted its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 373,191 shares of the company's stock after purchasing an additional 14,510 shares during the quarter. Charter Communications makes up 20.0% of Makaira Partners LLC's investment portfolio, making the stock its biggest holding. Makaira Partners LLC owned about 0.26% of Charter Communications worth $127,919,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CHTR. Avior Wealth Management LLC lifted its position in Charter Communications by 104.7% during the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock worth $30,000 after acquiring an additional 45 shares during the period. Sierra Ocean LLC acquired a new stake in Charter Communications during the 4th quarter worth approximately $32,000. Generali Asset Management SPA SGR acquired a new stake in Charter Communications during the 4th quarter worth approximately $36,000. Brown Brothers Harriman & Co. lifted its position in Charter Communications by 37.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock worth $36,000 after acquiring an additional 29 shares during the period. Finally, Wingate Wealth Advisors Inc. acquired a new stake in Charter Communications during the 4th quarter worth approximately $45,000. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Price Performance

NASDAQ:CHTR traded down $3.75 during trading hours on Wednesday, reaching $407.38. 787,301 shares of the company traded hands, compared to its average volume of 1,268,618. The firm's 50-day moving average is $373.95 and its 200-day moving average is $367.76. The stock has a market cap of $57.18 billion, a P/E ratio of 11.65, 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. 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 for the quarter, compared to analyst estimates of $13.67 billion. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. Charter Communications's quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the company posted $7.55 EPS. Equities research 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 a number of analyst reports. Wells Fargo & Company increased their target price on Charter Communications from $380.00 to $400.00 and gave the stock an "equal weight" rating in a research note on Monday, April 28th. Loop Capital raised Charter Communications from a "hold" rating to a "buy" rating and increased their target price for the stock from $430.00 to $510.00 in a research note on Monday, May 19th. Morgan Stanley increased their target price on Charter Communications from $385.00 to $415.00 and gave the stock an "equal weight" rating in a research note on Monday, April 28th. BNP Paribas reissued an "underperform" rating and set a $290.00 target price on shares of Charter Communications in a research note on Thursday, April 10th. Finally, Citigroup increased their target price on Charter Communications from $425.00 to $445.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus 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.