LB Partners LLC Makes New Investment in Charter Communications, Inc. (NASDAQ:CHTR)

LB Partners LLC acquired a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,000 shares of the company's stock, valued at approximately $3,887,000. Charter Communications accounts for about 4.3% of LB Partners LLC's holdings, making the stock its 9th biggest position.

Several other institutional investors also recently bought and sold shares of CHTR. Rosenberg Matthew Hamilton boosted its stake in shares of Charter Communications by 20.5% in the third quarter. Rosenberg Matthew Hamilton now owns 141 shares of the company's stock valued at $62,000 after purchasing an additional 24 shares during the period. Proficio Capital Partners LLC lifted its position in shares of Charter Communications by 4.8% in the 3rd quarter. Proficio Capital Partners LLC now owns 595 shares of the company's stock worth $262,000 after buying an additional 27 shares during the last quarter. CX Institutional lifted its position in shares of Charter Communications by 2.3% in the 3rd quarter. CX Institutional now owns 1,185 shares of the company's stock worth $521,000 after buying an additional 27 shares during the last quarter. Catalyst Capital Advisors LLC lifted its position in shares of Charter Communications by 32.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company's stock worth $49,000 after buying an additional 27 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of Charter Communications by 9.8% in the 3rd quarter. Parkside Financial Bank & Trust now owns 313 shares of the company's stock worth $138,000 after buying an additional 28 shares during the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Price Performance

Shares of CHTR traded down $8.61 during mid-day trading on Wednesday, hitting $262.85. The company's stock had a trading volume of 1,437,014 shares, compared to its average volume of 1,649,738. The firm has a 50-day moving average price of $290.83 and a 200 day moving average price of $362.18. The stock has a market capitalization of $38.17 billion, a price-to-earnings ratio of 8.76, a PEG ratio of 0.41 and a beta of 0.96. The company has a debt-to-equity ratio of 6.51, a current ratio of 0.31 and a quick ratio of 0.31. Charter Communications, Inc. has a fifty-two week low of $258.56 and a fifty-two week high of $458.30.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its earnings results on Friday, February 2nd. The company reported $7.07 earnings per share for the quarter, missing the consensus estimate of $8.76 by ($1.69). The firm had revenue of $13.71 billion during the quarter, compared to analysts' expectations of $13.70 billion. Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. The business's revenue was up .3% on a year-over-year basis. During the same period last year, the business earned $7.69 earnings per share. On average, research analysts predict that Charter Communications, Inc. will post 32.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CHTR has been the topic of a number of recent research reports. UBS Group reduced their price target on shares of Charter Communications from $360.00 to $325.00 and set a "neutral" rating on the stock in a research report on Thursday, March 28th. Sanford C. Bernstein upgraded shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $370.00 price target on the stock in a research report on Monday, March 18th. JPMorgan Chase & Co. cut their price objective on shares of Charter Communications from $370.00 to $335.00 and set a "neutral" rating on the stock in a research report on Monday, April 1st. Rosenblatt Securities downgraded shares of Charter Communications from a "buy" rating to a "neutral" rating and cut their price objective for the company from $472.00 to $335.00 in a research report on Tuesday, February 20th. Finally, Barclays cut their price objective on shares of Charter Communications from $280.00 to $250.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Charter Communications currently has an average rating of "Hold" and a consensus price target of $388.67.

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.

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