62,887 Shares in Charter Communications, Inc. (NASDAQ:CHTR) Purchased by Voloridge Investment Management LLC

Voloridge Investment Management LLC acquired a new stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 62,887 shares of the company's stock, valued at approximately $21,556,000.

Other large investors also recently modified their holdings of the company. Waverly Advisors LLC boosted its position in Charter Communications by 4.5% during the fourth quarter. Waverly Advisors LLC now owns 2,298 shares of the company's stock valued at $788,000 after acquiring an additional 99 shares during the last quarter. Worldquant Millennium Advisors LLC boosted its position in 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 acquiring an additional 26,054 shares during the last quarter. Woodline Partners LP bought a new stake in Charter Communications during the fourth quarter valued at $650,000. XN LP acquired a new stake in Charter Communications in the fourth quarter valued at approximately $6,882,000. Finally, Vident Advisory LLC grew its stake in Charter Communications by 120.9% in the fourth quarter. Vident Advisory LLC now owns 4,794 shares of the company's stock valued at $1,643,000 after acquiring an additional 2,624 shares during the period. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Trading Down 0.5%

Charter Communications stock traded down $2.00 during trading hours on Wednesday, reaching $409.13. The company had a trading volume of 219,483 shares, compared to its average volume of 1,266,426. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The company has a 50-day moving average price of $373.95 and a 200 day moving average price of $367.76. The firm has a market cap of $57.43 billion, a price-to-earnings 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.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The company reported $8.42 EPS for the quarter, missing analysts' consensus estimates of $8.70 by ($0.28). The business had revenue of $13.74 billion during 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%. The business's revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the business earned $7.55 EPS. Equities analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

CHTR has been the topic of a number of recent research reports. Royal Bank of Canada raised their target price on Charter Communications from $385.00 to $395.00 and gave the company a "sector perform" rating in a report on Monday, April 28th. Morgan Stanley raised their target price on Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a report on Monday, April 28th. Oppenheimer upgraded Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 target price on the stock in a report on Friday, May 16th. Loop Capital upgraded Charter Communications from a "hold" rating to a "buy" rating and raised their target price for the company from $430.00 to $510.00 in a report on Monday, May 19th. Finally, Barclays lifted their price target on Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a report on Monday, February 3rd. Four analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target 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.