Meridiem Capital Partners LP Acquires New Shares in Charter Communications, Inc. (NASDAQ:CHTR)

Meridiem Capital Partners LP acquired a new stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 6,373 shares of the company's stock, valued at approximately $2,184,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Avior Wealth Management LLC lifted its position in Charter Communications by 104.7% during the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock worth $30,000 after acquiring an additional 45 shares during the last quarter. Sierra Ocean LLC acquired a new position in Charter Communications during the 4th quarter worth $32,000. Generali Asset Management SPA SGR acquired a new position in shares of Charter Communications during the fourth quarter valued at about $36,000. Brown Brothers Harriman & Co. raised its position in shares of Charter Communications by 37.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock valued at $36,000 after buying an additional 29 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new position in shares of Charter Communications during the fourth quarter valued at about $45,000. Institutional investors and hedge funds own 81.76% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CHTR. Citigroup upped their price objective on shares of Charter Communications from $425.00 to $445.00 and gave the company a "buy" rating in a research report on Monday, April 28th. Wells Fargo & Company upped their target price on shares of Charter Communications from $380.00 to $400.00 and gave the company an "equal weight" rating in a research note on Monday, April 28th. StockNews.com raised shares of Charter Communications from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Benchmark reissued a "buy" rating and issued a $450.00 target price on shares of Charter Communications in a research note on Friday, January 31st. Finally, BNP Paribas reaffirmed an "underperform" rating and set a $290.00 price objective on shares of Charter Communications in a research note on Thursday, April 10th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Charter Communications has a consensus rating of "Hold" and an average price target of $399.35.

Charter Communications Trading Up 0.2%

Charter Communications stock opened at $402.52 on Tuesday. Charter Communications, Inc. has a 52 week low of $266.06 and a 52 week high of $415.27. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market capitalization of $56.50 billion, a P/E ratio of 11.51, a PEG ratio of 0.44 and a beta of 1.11. The stock has a 50-day simple moving average of $361.94 and a 200 day simple moving average of $363.84.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly earnings results 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 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 the consensus estimate of $13.67 billion. During the same quarter in the previous year, the business posted $7.55 EPS. The company's revenue for the quarter was up .4% on a year-over-year basis. Analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

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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