Junto Capital Management LP Acquires New Position in Charter Communications, Inc. (NASDAQ:CHTR)

Junto Capital Management LP bought a new position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 98,142 shares of the company's stock, valued at approximately $33,640,000. Junto Capital Management LP owned approximately 0.07% of Charter Communications at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Brown Brothers Harriman & Co. raised its position in Charter Communications by 37.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock valued at $36,000 after purchasing an additional 29 shares in the last quarter. Chemistry Wealth Management LLC raised its holdings in shares of Charter Communications by 4.8% in the fourth quarter. Chemistry Wealth Management LLC now owns 660 shares of the company's stock valued at $226,000 after acquiring an additional 30 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Charter Communications by 3.4% in the fourth quarter. Jones Financial Companies Lllp now owns 904 shares of the company's stock worth $310,000 after acquiring an additional 30 shares during the period. Quadrant Capital Group LLC grew its holdings in Charter Communications by 4.2% during the 4th quarter. Quadrant Capital Group LLC now owns 740 shares of the company's stock worth $254,000 after acquiring an additional 30 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Charter Communications by 5.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 622 shares of the company's stock valued at $213,000 after purchasing an additional 34 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $401.50 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications, Inc. has a twelve month low of $266.06 and a twelve month high of $415.27. The company's 50 day moving average is $361.46 and its 200 day moving average is $363.16. The company has a market cap of $56.36 billion, a PE ratio of 11.48, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its earnings results 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). Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. 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 EPS. The company's revenue for the quarter was up .4% on a year-over-year basis. On average, sell-side analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on CHTR. Wells Fargo & Company lifted their price objective on shares of Charter Communications from $380.00 to $400.00 and gave the company an "equal weight" rating in a report on Monday, April 28th. Barclays raised their price objective on Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research report on Monday, February 3rd. BNP Paribas reiterated an "underperform" rating and issued a $290.00 target price on shares of Charter Communications in a report on Thursday, April 10th. Citigroup raised their price target on shares of Charter Communications from $425.00 to $445.00 and gave the company a "buy" rating in a report on Monday, April 28th. Finally, Morgan Stanley boosted their price objective on shares of Charter Communications from $385.00 to $415.00 and gave the stock an "equal weight" rating in a research note on Monday, April 28th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Charter Communications currently has an average rating of "Hold" and an average target price of $399.35.

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.

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