Man Group plc Has $20.95 Million Position in Charter Communications, Inc. (NASDAQ:CHTR)

Man Group plc grew its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 236.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,132 shares of the company's stock after buying an additional 42,959 shares during the quarter. Man Group plc's holdings in Charter Communications were worth $20,954,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Kathmere Capital Management LLC acquired a new stake in shares of Charter Communications during the fourth quarter worth $289,000. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Charter Communications by 22.4% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,203 shares of the company's stock worth $412,000 after purchasing an additional 220 shares during the period. Ritholtz Wealth Management acquired a new stake in shares of Charter Communications during the fourth quarter worth $1,133,000. Empirical Asset Management LLC acquired a new stake in shares of Charter Communications during the fourth quarter worth $21,338,000. Finally, Avanza Fonder AB acquired a new stake in shares of Charter Communications during the fourth quarter worth $2,727,000. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CHTR has been the topic of a number of analyst reports. Citigroup increased their price objective on shares of Charter Communications from $425.00 to $445.00 and gave the stock a "buy" rating in a report on Monday, April 28th. Loop Capital raised shares of Charter Communications from a "hold" rating to a "buy" rating and increased their price objective for the stock from $430.00 to $510.00 in a report on Monday. Wells Fargo & Company increased their price objective on shares of Charter Communications from $380.00 to $400.00 and gave the stock an "equal weight" rating in a report on Monday, April 28th. StockNews.com raised shares of Charter Communications from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Finally, Barclays increased their target price on shares of Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research report on Monday, February 3rd. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $409.39.

Charter Communications Trading Up 1.2%

Shares of CHTR traded up $4.86 during midday trading on Tuesday, hitting $423.49. The stock had a trading volume of 1,236,095 shares, compared to its average volume of 1,265,065. Charter Communications, Inc. has a fifty-two week low of $266.06 and a fifty-two week high of $437.06. The business has a 50-day simple moving average of $366.92 and a two-hundred day simple moving average of $366.69. The firm has a market cap of $59.44 billion, a P/E ratio of 12.11, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. 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 (NASDAQ:CHTR - Get Free Report) last posted 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). The company 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%. Charter Communications's revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the company earned $7.55 earnings per share. As a group, equities analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current year.

About Charter Communications

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.