Wellington Management Group LLP Takes $3.53 Million Position in Charter Communications, Inc. (NASDAQ:CHTR)

Wellington Management Group LLP purchased a new position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,303 shares of the company's stock, valued at approximately $3,532,000.

Other institutional investors have also recently made changes to their positions in the company. 111 Capital bought a new position in Charter Communications in the fourth quarter valued at $776,000. Siemens Fonds Invest GmbH boosted its holdings in shares of Charter Communications by 179.9% in the 4th quarter. Siemens Fonds Invest GmbH now owns 15,665 shares of the company's stock worth $5,369,000 after purchasing an additional 10,068 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Charter Communications during the 4th quarter valued at about $30,663,000. Challenger Wealth Management purchased a new position in shares of Charter Communications during the 4th quarter valued at about $206,000. Finally, Ascent Group LLC bought a new stake in Charter Communications in the 4th quarter worth approximately $362,000. Institutional investors own 81.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CHTR shares. Sanford C. Bernstein cut shares of Charter Communications from an "outperform" rating to a "market perform" rating and set a $410.00 price target on the stock. in a research report on Monday. Citigroup lifted their target price on shares of Charter Communications from $425.00 to $445.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. Royal Bank of Canada upped their price target on shares of Charter Communications from $385.00 to $395.00 and gave the company a "sector perform" rating in a research report on Monday, April 28th. Morgan Stanley lifted their price objective on Charter Communications from $385.00 to $415.00 and gave the stock an "equal weight" rating in a report on Monday, April 28th. Finally, Wall Street Zen upgraded Charter Communications from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $409.42.

Charter Communications Stock Up 1.3%

Shares of CHTR traded up $5.18 on Friday, reaching $396.45. The stock had a trading volume of 816,225 shares, compared to its average volume of 1,276,469. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. Charter Communications, Inc. has a 12-month low of $272.49 and a 12-month high of $437.06. The firm has a market capitalization of $55.65 billion, a price-to-earnings ratio of 11.34, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. The company has a 50-day simple moving average of $376.97 and a 200-day simple moving average of $367.97.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly 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 net margin of 9.23% and a return on equity of 29.01%. The business had revenue of $13.74 billion for the quarter, compared to analysts' expectations of $13.67 billion. During the same period last year, the business earned $7.55 earnings per share. The company's revenue was up .4% on a year-over-year basis. Sell-side analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current 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.