IFM Investors Pty Ltd Purchases 1,670 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

IFM Investors Pty Ltd lifted its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 9.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,611 shares of the company's stock after purchasing an additional 1,670 shares during the period. IFM Investors Pty Ltd's holdings in Charter Communications were worth $7,227,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new stake in shares of Charter Communications in the 4th quarter worth $1,032,236,000. Geode Capital Management LLC boosted its stake in Charter Communications by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 2,477,276 shares of the company's stock valued at $847,087,000 after acquiring an additional 45,045 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Charter Communications by 822.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company's stock valued at $433,167,000 after purchasing an additional 1,126,783 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake 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 purchasing an additional 609,554 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Charter Communications by 16.6% in the 4th quarter. Northern Trust Corp now owns 1,001,066 shares of the company's stock valued at $343,135,000 after buying an additional 142,883 shares during the period. Institutional investors and hedge funds own 81.76% of the company's stock.

Charter Communications Stock Performance

Shares of NASDAQ CHTR traded down $8.65 during trading hours on Monday, hitting $408.32. 1,316,190 shares of the stock were exchanged, compared to its average volume of 1,270,008. The firm has a market capitalization of $57.31 billion, a P/E ratio of 11.40, a P/E/G ratio of 0.45 and a beta of 1.08. Charter Communications, Inc. has a one year low of $286.66 and a one year high of $437.06. The company has a debt-to-equity ratio of 4.54, a current ratio of 0.36 and a quick ratio of 0.36. The company's 50 day moving average is $399.84 and its 200 day moving average is $369.51.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings data 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 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 analyst estimates of $13.67 billion. During the same quarter in the previous year, the business posted $7.55 EPS. The company's revenue was up .4% on a year-over-year basis. On average, research analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current year.

Wall Street Analyst Weigh In

CHTR has been the topic of several research reports. Royal Bank Of Canada increased their price target on shares of Charter Communications from $385.00 to $395.00 and gave the company a "sector perform" rating in a research report on Monday, April 28th. Wolfe Research upgraded Charter Communications from an "underperform" rating to a "peer perform" rating in a research note on Friday, June 20th. UBS Group boosted their price objective on shares of Charter Communications from $400.00 to $425.00 and gave the company a "neutral" rating in a research report on Wednesday, June 18th. Bank of America increased their price target on Charter Communications from $450.00 to $500.00 and gave the stock a "buy" rating in a research note on Tuesday, July 1st. Finally, Wall Street Zen raised shares of Charter Communications from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $421.26.

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.