Peak Retirement Planning Inc. Acquires Shares of 2,525 Charter Communications, Inc. (NASDAQ:CHTR)

Peak Retirement Planning Inc. bought a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,525 shares of the company's stock, valued at approximately $870,000.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Charter Communications in the fourth quarter worth about $1,032,236,000. Geode Capital Management LLC raised its position in Charter Communications by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 2,477,276 shares of the company's stock worth $847,087,000 after buying an additional 45,045 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in 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 valued at $433,167,000 after purchasing an additional 1,126,783 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Charter Communications by 130.1% in the 4th 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 during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Charter Communications by 16.6% during the 4th quarter. Northern Trust Corp now owns 1,001,066 shares of the company's stock valued at $343,135,000 after purchasing an additional 142,883 shares during the period. 81.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CHTR. BNP Paribas restated an "underperform" rating and set a $290.00 target price on shares of Charter Communications in a research report on Thursday, April 10th. Barclays upped their price objective on Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a research note on Monday, February 3rd. Wells Fargo & Company lifted their target price on Charter Communications from $380.00 to $400.00 and gave the company an "equal weight" rating in a research report on Monday, April 28th. Raymond James upgraded Charter Communications from an "underperform" rating to a "market perform" rating in a research report on Monday, May 19th. Finally, Wall Street Zen raised shares of Charter Communications from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, Charter Communications has a consensus rating of "Hold" and a consensus price target of $409.39.

Charter Communications Trading Up 1.2%

Shares of Charter Communications stock traded up $4.77 on Tuesday, reaching $411.13. The company had a trading volume of 1,570,718 shares, compared to its average volume of 1,270,546. The firm 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. The firm's 50-day moving average price is $372.98 and its two-hundred day moving average price is $367.45. Charter Communications, Inc. has a 1 year low of $268.14 and a 1 year high of $437.06.

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 analysts' consensus estimates of $8.70 by ($0.28). Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. The firm had revenue of $13.74 billion for the quarter, compared to analysts' expectations of $13.67 billion. During the same period in the prior year, the firm posted $7.55 earnings per share. Charter Communications's revenue for the quarter was up .4% on a year-over-year basis. As a group, research analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Charter Communications 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.