Los Angeles Capital Management LLC decreased its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 50.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,041 shares of the company's stock after selling 34,566 shares during the period. Los Angeles Capital Management LLC's holdings in Charter Communications were worth $12,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in the business. AustralianSuper Pty Ltd increased its stake in Charter Communications by 2.2% in the first quarter. AustralianSuper Pty Ltd now owns 23,342 shares of the company's stock valued at $8,602,000 after purchasing an additional 512 shares during the last quarter. Denali Advisors LLC acquired a new stake in shares of Charter Communications in the 1st quarter worth approximately $444,000. Hussman Strategic Advisors Inc. acquired a new stake in shares of Charter Communications during the 1st quarter valued at $3,870,000. Jackson Creek Investment Advisors LLC boosted its holdings in shares of Charter Communications by 182.6% during the first quarter. Jackson Creek Investment Advisors LLC now owns 2,077 shares of the company's stock worth $765,000 after purchasing an additional 1,342 shares during the period. Finally, Forum Financial Management LP lifted its position in shares of Charter Communications by 32.5% in the first quarter. Forum Financial Management LP now owns 1,636 shares of the company's stock worth $603,000 after buying an additional 401 shares during the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.
Charter Communications Price Performance
Shares of Charter Communications stock traded up $6.81 on Monday, hitting $388.89. 1,367,245 shares of the company traded hands, compared to its average volume of 1,267,416. The company has a debt-to-equity ratio of 4.54, a quick ratio of 0.36 and a current ratio of 0.36. The stock has a market capitalization of $54.58 billion, a P/E ratio of 10.85, a price-to-earnings-growth ratio of 0.42 and a beta of 1.08. The business has a 50-day simple moving average of $400.15 and a 200 day simple moving average of $372.74. Charter Communications, Inc. has a 52 week low of $304.76 and a 52 week high of $437.06.
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 27.70% and a net margin of 9.42%. The company had revenue of $13.74 billion during the quarter, compared to analysts' expectations of $13.67 billion. During the same period in the prior year, the business earned $7.55 EPS. The company's quarterly revenue was up .4% on a year-over-year basis. Research analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research analysts recently commented on the stock. Raymond James Financial upgraded shares of Charter Communications from an "underperform" rating to a "market perform" rating in a research note on Monday, May 19th. Morgan Stanley boosted their price target on shares of Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a research report on Monday, April 28th. Citigroup boosted their price objective on Charter Communications from $425.00 to $445.00 and gave the stock a "buy" rating in a report on Monday, April 28th. Arete Research upgraded shares of Charter Communications to a "strong sell" rating in a research report on Tuesday, July 8th. Finally, Loop Capital upgraded shares of Charter Communications from a "hold" rating to a "buy" rating and boosted their price target for the company from $430.00 to $510.00 in a research report on Monday, May 19th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $422.37.
View Our Latest Report on CHTR
About Charter Communications
(
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.
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