Highland Capital Management LLC bought a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,253 shares of the company's stock, valued at approximately $4,147,000.
A number of other large investors also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Charter Communications during the 4th quarter valued at $1,032,236,000. Geode Capital Management LLC lifted its stake in shares of Charter Communications by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 2,477,276 shares of the company's stock valued at $847,087,000 after buying an additional 45,045 shares in the last quarter. Price T Rowe Associates Inc. MD boosted 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 acquiring an additional 1,126,783 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Charter Communications by 130.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company's stock valued at $369,566,000 after acquiring an additional 609,554 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Charter Communications by 16.6% during the fourth quarter. Northern Trust Corp now owns 1,001,066 shares of the company's stock valued at $343,135,000 after acquiring an additional 142,883 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.
Charter Communications Trading Up 1.8%
NASDAQ:CHTR traded up $6.96 during mid-day trading on Friday, hitting $400.97. 1,942,812 shares of the stock traded hands, compared to its average volume of 1,268,524. The stock has a market capitalization of $56.28 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 0.44 and a beta of 1.07. Charter Communications, Inc. has a 52 week low of $286.66 and a 52 week high of $437.06. The firm's 50 day moving average is $392.41 and its two-hundred day moving average is $368.04. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 4.54.
Charter Communications (NASDAQ:CHTR - Get Free Report) last issued 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). The firm had revenue of $13.74 billion for the quarter, compared to the consensus estimate of $13.67 billion. Charter Communications had a net margin of 9.42% and a return on equity of 27.70%. The business's revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the previous year, the company posted $7.55 earnings per share. On average, equities research analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several brokerages have commented on CHTR. BNP Paribas reiterated an "underperform" rating and issued a $290.00 price target on shares of Charter Communications in a research note on Thursday, April 10th. Sanford C. Bernstein cut shares of Charter Communications from an "outperform" rating to a "market perform" rating and set a $410.00 price target on the stock. in a research note on Monday, June 2nd. Loop Capital upgraded shares of Charter Communications from a "hold" rating to a "buy" rating and boosted their price target for the stock from $430.00 to $510.00 in a research note on Monday, May 19th. Wolfe Research upgraded shares of Charter Communications from an "underperform" rating to a "peer perform" rating in a research note on Friday, June 20th. Finally, Citigroup boosted their target price on shares of Charter Communications from $425.00 to $445.00 and gave the stock a "buy" rating in a report on Monday, April 28th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Charter Communications has a consensus rating of "Hold" and a consensus price target of $410.20.
Check Out Our Latest Stock Analysis on Charter Communications
Charter Communications Profile
(
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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