GF Fund Management CO. LTD. Invests $9.24 Million in Charter Communications, Inc. (NASDAQ:CHTR)

GF Fund Management CO. LTD. bought a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 26,950 shares of the company's stock, valued at approximately $9,238,000.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Charter Communications during the 4th quarter worth approximately $1,032,236,000. Price T Rowe Associates Inc. MD increased its stake in 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. Arrowstreet Capital Limited Partnership increased its stake in Charter Communications by 130.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company's stock worth $369,566,000 after purchasing an additional 609,554 shares in the last quarter. LSV Asset Management increased its stake in Charter Communications by 8,343.1% during the 4th quarter. LSV Asset Management now owns 177,305 shares of the company's stock worth $60,775,000 after purchasing an additional 175,205 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Charter Communications by 21.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 900,849 shares of the company's stock worth $308,795,000 after purchasing an additional 161,547 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Stock Performance

Charter Communications stock traded up $4.77 during mid-day trading on Tuesday, hitting $411.13. 1,570,718 shares of the company's stock traded hands, compared to its average volume of 1,270,546. The firm has a 50 day simple moving average of $372.98 and a two-hundred day simple moving average of $367.45. Charter Communications, Inc. has a fifty-two week low of $268.14 and a fifty-two week high of $437.06. The stock has a market cap of $57.71 billion, a price-to-earnings ratio of 11.76, 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 (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.70 by ($0.28). Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. The business had revenue of $13.74 billion for the quarter, compared to analyst estimates of $13.67 billion. During the same period in the prior year, the business earned $7.55 EPS. The company's revenue for the quarter was up .4% compared to the same quarter last year. On average, research analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CHTR shares. 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. Benchmark reaffirmed a "buy" rating and set a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. Raymond James raised shares of Charter Communications from an "underperform" rating to a "market perform" rating in a research note on Monday, May 19th. Morgan Stanley raised their price target on shares of Charter Communications from $385.00 to $415.00 and gave the stock an "equal weight" rating in a research note on Monday, April 28th. Finally, Royal Bank of Canada raised their price target on shares of Charter Communications from $385.00 to $395.00 and gave the stock a "sector perform" rating in a research note on Monday, April 28th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average 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.