Vident Advisory LLC Grows Position in Charter Communications, Inc. (NASDAQ:CHTR)

Vident Advisory LLC lifted its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 120.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,794 shares of the company's stock after purchasing an additional 2,624 shares during the quarter. Vident Advisory LLC's holdings in Charter Communications were worth $1,643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in CHTR. Caprock Group LLC grew its position in shares of Charter Communications by 39.7% during the 4th quarter. Caprock Group LLC now owns 3,517 shares of the company's stock valued at $1,206,000 after acquiring an additional 999 shares during the period. Makaira Partners LLC raised its position in shares of Charter Communications by 4.0% during the fourth quarter. Makaira Partners LLC now owns 373,191 shares of the company's stock valued at $127,919,000 after buying an additional 14,510 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Charter Communications by 17.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 32,478 shares of the company's stock worth $11,132,000 after buying an additional 4,813 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of Charter Communications by 213.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 26,344 shares of the company's stock valued at $9,030,000 after purchasing an additional 17,952 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in Charter Communications by 3.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,855 shares of the company's stock valued at $1,696,000 after buying an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

Analyst Ratings Changes

CHTR has been the subject of several analyst reports. Oppenheimer upgraded shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 target price for the company in a report on Friday, May 16th. Loop Capital upgraded shares of Charter Communications from a "hold" rating to a "buy" rating and lifted their price objective for the company from $430.00 to $510.00 in a report on Monday, May 19th. BNP Paribas reiterated an "underperform" rating and issued a $290.00 price target on shares of Charter Communications in a report on Thursday, April 10th. Benchmark reaffirmed a "buy" rating and set a $450.00 target price on shares of Charter Communications in a research report on Friday, January 31st. Finally, Morgan Stanley raised their price target on Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a research note on Monday, April 28th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $409.39.

Charter Communications Price Performance

Shares of NASDAQ:CHTR traded up $4.39 during trading on Tuesday, reaching $410.75. The stock had a trading volume of 833,814 shares, compared to its average volume of 1,268,102. The business has a fifty day moving average price of $372.98 and a 200-day moving average price of $367.45. 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 cap of $57.65 billion, a PE ratio of 11.74, a PEG ratio of 0.44 and a beta of 1.11. 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 announced its quarterly earnings results on Friday, April 25th. The company reported $8.42 earnings per share for the quarter, missing the consensus estimate of $8.70 by ($0.28). Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. The firm had revenue of $13.74 billion for the quarter, compared to analyst estimates of $13.67 billion. During the same period in the previous year, the firm posted $7.55 EPS. The company's revenue was up .4% compared to the same quarter last year. On average, equities analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

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.