Wright Investors Service Inc. Invests $476,000 in Charter Communications, Inc. (NASDAQ:CHTR)

Wright Investors Service Inc. bought a new position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,291 shares of the company's stock, valued at approximately $476,000.

A number of other large investors have also recently bought and sold shares of the business. Norges Bank bought a new position in Charter Communications in the fourth quarter worth about $1,032,236,000. Geode Capital Management LLC raised its holdings in shares of Charter Communications by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 2,477,276 shares of the company's stock valued at $847,087,000 after buying an additional 45,045 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Charter Communications by 822.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company's stock valued at $433,167,000 after buying an additional 1,126,783 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Charter Communications by 130.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company's stock valued at $369,566,000 after buying an additional 609,554 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Charter Communications by 16.6% during the fourth quarter. Northern Trust Corp now owns 1,001,066 shares of the company's stock valued at $343,135,000 after buying an additional 142,883 shares during the last quarter. Institutional investors own 81.76% of the company's stock.

Charter Communications Trading Up 0.7%

NASDAQ CHTR traded up $2.85 on Thursday, hitting $391.62. 445,946 shares of the stock were exchanged, compared to its average volume of 1,274,300. Charter Communications, Inc. has a 52-week low of $272.49 and a 52-week high of $437.06. 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 market capitalization of $54.97 billion, a price-to-earnings ratio of 11.20, a P/E/G ratio of 0.44 and a beta of 1.11. The company's 50-day moving average price is $376.51 and its two-hundred day moving average price is $367.92.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Raymond James raised Charter Communications from an "underperform" rating to a "market perform" rating in a report on Monday, May 19th. Sanford C. Bernstein cut Charter Communications from an "outperform" rating to a "market perform" rating and set a $410.00 price target on the stock. in a report on Monday. Wall Street Zen upgraded shares of Charter Communications from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Citigroup boosted their target price on Charter Communications from $425.00 to $445.00 and gave the stock a "buy" rating in a report on Monday, April 28th. Finally, Loop Capital raised Charter Communications from a "hold" rating to a "buy" rating and boosted their target price for the stock from $430.00 to $510.00 in a report on Monday, May 19th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $409.42.

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.