Vise Technologies Inc. Makes New Investment in Charter Communications, Inc. (NASDAQ:CHTR)

Vise Technologies Inc. bought a new position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,249 shares of the company's stock, valued at approximately $428,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caprock Group LLC lifted its stake in Charter Communications by 39.7% in the 4th quarter. Caprock Group LLC now owns 3,517 shares of the company's stock worth $1,206,000 after acquiring an additional 999 shares in the last quarter. Makaira Partners LLC grew its stake in shares of Charter Communications by 4.0% in the 4th quarter. Makaira Partners LLC now owns 373,191 shares of the company's stock valued at $127,919,000 after purchasing an additional 14,510 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in 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. Allspring Global Investments Holdings LLC boosted its stake in Charter Communications by 3.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,855 shares of the company's stock worth $1,696,000 after purchasing an additional 161 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Charter Communications in the 4th quarter worth approximately $33,485,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Stock Performance

NASDAQ:CHTR traded down $3.75 during trading hours on Wednesday, reaching $407.38. 787,301 shares of the stock were exchanged, compared to its average volume of 1,270,599. 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 52 week low of $268.14 and a 52 week high of $437.06. The firm has a 50 day simple moving average of $374.82 and a 200-day simple moving average of $368.03. The stock has a market capitalization of $57.18 billion, a P/E ratio of 11.65, a P/E/G ratio of 0.44 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.70 by ($0.28). The business had revenue of $13.74 billion during the quarter, compared to analyst estimates of $13.67 billion. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. The business's revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the firm earned $7.55 EPS. As a group, sell-side analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CHTR has been the topic of several analyst reports. Wall Street Zen upgraded shares of Charter Communications from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Morgan Stanley boosted their target price on shares of Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a research report on Monday, April 28th. Raymond James raised Charter Communications from an "underperform" rating to a "market perform" rating in a research note on Monday, May 19th. Royal Bank of Canada boosted their target price on shares of Charter Communications from $385.00 to $395.00 and gave the stock a "sector perform" rating in a report on Monday, April 28th. Finally, Benchmark reiterated a "buy" rating and set a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $409.39.

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.