Tounjian Advisory Partners LLC Makes New $858,000 Investment in Charter Communications, Inc. (NASDAQ:CHTR)

Tounjian Advisory Partners LLC acquired 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 disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,328 shares of the company's stock, valued at approximately $858,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CHTR. Norges Bank purchased a new stake in shares of Charter Communications during the 4th quarter valued at $1,032,236,000. Price T Rowe Associates Inc. MD raised its position 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 valued at $433,167,000 after purchasing an additional 1,126,783 shares during the last quarter. GAMMA Investing LLC boosted its stake in 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 purchasing an additional 855,961 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 valued at $369,566,000 after purchasing an additional 609,554 shares in the last quarter. Finally, LSV Asset Management raised its holdings 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 worth $60,775,000 after buying an additional 175,205 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CHTR. Sanford C. Bernstein cut Charter Communications from an "outperform" rating to a "market perform" rating and set a $410.00 price target for the company. in a research report on Monday, June 2nd. Citigroup upped their target price on Charter Communications from $425.00 to $445.00 and gave the company a "buy" rating in a research report on Monday, April 28th. Wall Street Zen upgraded shares of Charter Communications from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Oppenheimer upgraded shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 price objective for the company in a research note on Friday, May 16th. Finally, BNP Paribas reiterated an "underperform" rating and issued a $290.00 price objective on shares of Charter Communications in a research note on Thursday, April 10th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $409.42.

Charter Communications Price Performance

Shares of NASDAQ CHTR traded up $12.21 during trading on Tuesday, hitting $406.77. The company had a trading volume of 1,077,969 shares, compared to its average volume of 1,277,089. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications, Inc. has a fifty-two week low of $272.49 and a fifty-two week high of $437.06. The firm has a market capitalization of $57.10 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 0.44 and a beta of 1.07. The stock has a fifty day simple moving average of $377.78 and a two-hundred day simple moving average of $367.84.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its earnings results on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $8.70 by ($0.28). The business had revenue of $13.74 billion for the quarter, compared to analysts' expectations of $13.67 billion. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. Charter Communications's quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the company earned $7.55 EPS. On average, research analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

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.