III Capital Management Acquires 10,000 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

III Capital Management lifted its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 500.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,000 shares of the company's stock after purchasing an additional 10,000 shares during the quarter. Charter Communications accounts for approximately 0.7% of III Capital Management's holdings, making the stock its 22nd largest position. III Capital Management's holdings in Charter Communications were worth $4,113,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Franklin Resources Inc. grew its stake in shares of Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock worth $1,052,868,000 after purchasing an additional 148,003 shares in the last quarter. Norges Bank bought a new position in Charter Communications during the fourth quarter valued at about $1,032,236,000. Geode Capital Management LLC boosted its stake in 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 in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in 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 in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in 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 in the last quarter. Institutional investors own 81.76% of the company's stock.

Charter Communications Stock Down 2.3 %

CHTR traded down $8.86 on Thursday, reaching $383.00. 1,442,758 shares of the company traded hands, compared to its average volume of 1,253,302. The stock's 50 day moving average price is $356.75 and its 200-day moving average price is $359.62. Charter Communications, Inc. has a 52-week low of $260.03 and a 52-week high of $415.27. The company has a market cap of $54.37 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 0.44 and a beta of 1.13. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The company reported $8.42 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 company had revenue of $13.74 billion for the quarter, compared to analysts' expectations of $13.67 billion. During the same period in the previous year, the firm posted $7.55 earnings per share. The business's revenue for the quarter was up .4% on a year-over-year basis. On average, sell-side analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CHTR. Citigroup raised their target price on Charter Communications from $425.00 to $445.00 and gave the company a "buy" rating in a research note on Monday. 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 research note on Monday. Wells Fargo & Company raised their target price on Charter Communications from $380.00 to $400.00 and gave the company an "equal weight" rating in a research note on Monday. Barclays increased their price target on Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research report on Monday, February 3rd. Finally, StockNews.com upgraded Charter Communications from a "hold" rating to a "buy" rating in a research report on Thursday. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Charter Communications has a consensus rating of "Hold" and an average target price of $399.35.

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.