Edgestream Partners L.P. purchased a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,702 shares of the company's stock, valued at approximately $2,838,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of CHTR. Norges Bank purchased a new stake in Charter Communications during the fourth quarter worth about $1,032,236,000. Price T Rowe Associates Inc. MD grew its position in shares of Charter Communications by 822.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company's stock worth $433,167,000 after buying an additional 1,126,783 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Charter Communications by 43,296.0% during the first quarter. GAMMA Investing LLC now owns 857,938 shares of the company's stock worth $316,176,000 after buying an additional 855,961 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Charter Communications by 130.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company's stock worth $369,566,000 after buying an additional 609,554 shares in the last quarter. Finally, LSV Asset Management grew its position in shares of Charter Communications by 8,343.1% during the fourth quarter. LSV Asset Management now owns 177,305 shares of the company's stock worth $60,775,000 after buying an additional 175,205 shares in the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.
Charter Communications Stock Performance
Shares of Charter Communications stock traded down $1.48 during trading hours on Friday, hitting $382.08. 1,122,252 shares of the company were exchanged, compared to its average volume of 1,266,597. Charter Communications, Inc. has a 1 year low of $304.76 and a 1 year high of $437.06. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.54. The business has a 50-day moving average of $400.54 and a 200-day moving average of $372.10. The stock has a market capitalization of $53.63 billion, a price-to-earnings ratio of 10.66, a P/E/G ratio of 0.41 and a beta of 1.08.
Charter Communications (NASDAQ:CHTR - Get Free Report) last released 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 for the quarter, compared to analysts' expectations of $13.67 billion. During the same quarter last year, the company earned $7.55 EPS. Charter Communications's revenue for the quarter was up .4% compared to the same quarter last year. As a group, analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the company. BNP Paribas reissued an "underperform" rating and set a $290.00 price objective on shares of Charter Communications in a research report on Thursday, April 10th. Bank of America upped their price target on Charter Communications from $450.00 to $500.00 and gave the company a "buy" rating in a report on Tuesday, July 1st. Oppenheimer raised Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 price target for the company in a report on Friday, May 16th. Raymond James Financial raised Charter Communications from an "underperform" rating to a "market perform" rating in a report on Monday, May 19th. Finally, Arete Research raised Charter Communications to a "strong sell" rating in a report on Tuesday, July 8th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $422.37.
View Our Latest Analysis 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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