Charter Communications, Inc. (NASDAQ:CHTR) Shares Purchased by Czech National Bank

Czech National Bank raised its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 5.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 22,170 shares of the company's stock after purchasing an additional 1,204 shares during the period. Czech National Bank's holdings in Charter Communications were worth $8,170,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in Charter Communications during the fourth quarter worth about $1,032,236,000. Price T Rowe Associates Inc. MD increased 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 worth $433,167,000 after purchasing an additional 1,126,783 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Charter Communications by 43,296.0% during the 1st quarter. GAMMA Investing LLC now owns 857,938 shares of the company's stock worth $316,176,000 after purchasing an additional 855,961 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake 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 valued at $369,566,000 after buying an additional 609,554 shares in the last quarter. Finally, LSV Asset Management lifted its stake in Charter Communications by 8,343.1% in the 4th quarter. LSV Asset Management now owns 177,305 shares of the company's stock valued at $60,775,000 after buying an additional 175,205 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

Charter Communications Trading Down 0.5%

Shares of Charter Communications stock traded down $2.03 during trading hours on Wednesday, reaching $388.77. The stock had a trading volume of 878,041 shares, compared to its average volume of 1,275,203. The firm has a market capitalization of $54.57 billion, a price-to-earnings ratio of 11.12, a P/E/G ratio of 0.44 and a beta of 1.11. Charter Communications, Inc. has a 1 year low of $272.49 and a 1 year high of $437.06. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The firm has a 50 day simple moving average of $376.12 and a two-hundred day simple moving average of $367.78.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its earnings results 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). The business had revenue of $13.74 billion for the quarter, compared to analyst estimates of $13.67 billion. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. The firm's revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the company posted $7.55 EPS. As a group, equities research analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analyst Ratings Changes

CHTR has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price target on Charter Communications from $380.00 to $400.00 and gave the stock an "equal weight" rating in a report on Monday, April 28th. Loop Capital raised shares of Charter Communications from a "hold" rating to a "buy" rating and boosted their target price for the company from $430.00 to $510.00 in a research note on Monday, May 19th. Raymond James raised shares of Charter Communications from an "underperform" rating to a "market perform" rating in a research note on Monday, May 19th. Citigroup boosted their price objective on shares of Charter Communications from $425.00 to $445.00 and gave the company a "buy" rating in a research report on Monday, April 28th. Finally, Royal Bank of Canada upped their price objective on shares of Charter Communications from $385.00 to $395.00 and gave the company a "sector perform" rating in a research note on Monday, April 28th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Charter Communications presently has a consensus rating of "Hold" and an average target price of $409.42.

About Charter Communications

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.