Rothschild & Co Wealth Management UK Ltd Increases Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Key Points

• Rothschild & Co Wealth Management UK Ltd increased its stake in Charter Communications by 1.2% in the first quarter, now owning 550,223 shares worth approximately $202.77 million, making it the 11th largest holding in their portfolio.
• Several institutional investors, such as Korea Investment CORP and American Century Companies Inc., have also raised their positions in Charter Communications, indicating strong interest from various market players.
• Analysts have set varying price targets for Charter Communications, with Citigroup raising its target from $425 to $445, while the average target price now stands at $422.37 amid a generally mixed outlook on the stock's performance.

Rothschild & Co Wealth Management UK Ltd increased its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 1.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 550,223 shares of the company's stock after acquiring an additional 6,351 shares during the quarter. Charter Communications accounts for approximately 3.4% of Rothschild & Co Wealth Management UK Ltd's portfolio, making the stock its 11th largest position. Rothschild & Co Wealth Management UK Ltd owned approximately 0.39% of Charter Communications worth $202,774,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CHTR. Norges Bank bought a new stake in shares of Charter Communications in the 4th quarter worth $1,032,236,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 worth $433,167,000 after buying an additional 1,126,783 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Charter Communications by 43,296.0% in the 1st 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 during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings 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, LSV Asset Management raised its position in shares of Charter Communications by 8,343.1% in the fourth quarter. LSV Asset Management now owns 177,305 shares of the company's stock valued at $60,775,000 after purchasing an additional 175,205 shares during the period. Institutional investors and hedge funds own 81.76% of the company's stock.

Charter Communications Trading Down 3.5%

NASDAQ:CHTR traded down $10.50 during trading hours on Tuesday, hitting $287.77. The company had a trading volume of 1,458,656 shares, compared to its average volume of 1,380,191. The company has a market capitalization of $40.39 billion, a PE ratio of 7.87, a price-to-earnings-growth ratio of 0.34 and a beta of 1.08. The stock has a 50-day moving average price of $393.71 and a 200 day moving average price of $373.31. Charter Communications, Inc. has a 52 week low of $287.26 and a 52 week high of $437.06. The company has a debt-to-equity ratio of 4.57, a current ratio of 0.33 and a quick ratio of 0.36.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The company reported $9.18 earnings per share for the quarter, missing the consensus estimate of $10.06 by ($0.88). The company had revenue of $13.77 billion during the quarter, compared to the consensus estimate of $13.76 billion. Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The business's revenue was up .6% on a year-over-year basis. During the same quarter last year, the firm earned $8.49 EPS. On average, equities research analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Citigroup boosted their price target on shares of Charter Communications from $425.00 to $445.00 and gave the company a "buy" rating in a research report on Monday, April 28th. BNP Paribas reissued an "underperform" rating and issued a $290.00 price target on shares of Charter Communications in a report on Thursday, April 10th. Wells Fargo & Company upped their price objective on shares of Charter Communications from $380.00 to $400.00 and gave the stock an "equal weight" rating in a research report on Monday, April 28th. UBS Group decreased their price objective on shares of Charter Communications from $425.00 to $355.00 and set a "neutral" rating on the stock in a research report on Monday. Finally, Wolfe Research upgraded shares of Charter Communications from an "underperform" rating to a "peer perform" rating in a research report on Friday, June 20th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, Charter Communications currently has an average rating of "Hold" and a consensus target price of $412.32.

About Charter Communications

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.