USS Investment Management Ltd Has $5 Million Stake in Charter Communications, Inc. (NASDAQ:CHTR)

USS Investment Management Ltd decreased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 16.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,578 shares of the company's stock after selling 2,783 shares during the period. USS Investment Management Ltd's holdings in Charter Communications were worth $4,999,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Voloridge Investment Management LLC acquired a new position in Charter Communications during the 4th quarter worth $21,556,000. Waverly Advisors LLC lifted its position in Charter Communications by 4.5% during the 4th quarter. Waverly Advisors LLC now owns 2,298 shares of the company's stock worth $788,000 after acquiring an additional 99 shares during the last quarter. Worldquant Millennium Advisors LLC raised its position in shares of Charter Communications by 65.0% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 66,146 shares of the company's stock valued at $22,673,000 after buying an additional 26,054 shares during the last quarter. Woodline Partners LP acquired a new position in shares of Charter Communications during the fourth quarter valued at about $650,000. Finally, XN LP acquired a new position in shares of Charter Communications during the fourth quarter valued at about $6,882,000. Institutional investors and hedge funds own 81.76% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CHTR. Barclays upped their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research report on Monday, February 3rd. Benchmark reissued a "buy" rating and issued a $450.00 target price on shares of Charter Communications in a research note on Friday, January 31st. Oppenheimer raised shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 target price on the stock in a research note on Friday, May 16th. Wells Fargo & Company upped their target price on shares of Charter Communications from $380.00 to $400.00 and gave the company an "equal weight" rating in a research note on Monday, April 28th. Finally, Raymond James raised shares of Charter Communications from an "underperform" rating to a "market perform" rating in a research note on Monday, May 19th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $409.39.

Charter Communications Price Performance

Charter Communications stock traded down $2.00 during trading hours on Wednesday, hitting $409.13. 219,483 shares of the stock were exchanged, compared to its average volume of 1,266,426. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market capitalization of $57.43 billion, a P/E ratio of 11.70, a P/E/G ratio of 0.44 and a beta of 1.11. Charter Communications, Inc. has a 12 month low of $268.14 and a 12 month high of $437.06. The business's 50-day moving average is $373.95 and its two-hundred day moving average is $367.76.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced 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). Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. The company had revenue of $13.74 billion for the quarter, compared to analyst estimates of $13.67 billion. During the same quarter in the previous year, the company posted $7.55 earnings per share. Charter Communications's revenue for the quarter was up .4% on a year-over-year basis. Equities research analysts expect that Charter Communications, Inc. will post 38.16 EPS 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.