Mackenzie Financial Corp Raises Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Mackenzie Financial Corp lifted its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 14.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 47,854 shares of the company's stock after buying an additional 5,979 shares during the period. Mackenzie Financial Corp's holdings in Charter Communications were worth $18,600,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Janiczek Wealth Management LLC grew its position in Charter Communications by 168.0% during the 3rd quarter. Janiczek Wealth Management LLC now owns 67 shares of the company's stock worth $29,000 after purchasing an additional 42 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC purchased a new stake in Charter Communications during the 3rd quarter worth approximately $31,000. Catalyst Capital Advisors LLC grew its position in Charter Communications by 32.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company's stock worth $49,000 after purchasing an additional 27 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in Charter Communications during the 4th quarter worth approximately $44,000. Finally, NBC Securities Inc. purchased a new stake in Charter Communications during the 3rd quarter worth approximately $56,000. Hedge funds and other institutional investors own 81.76% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on CHTR shares. Bank of America decreased their price objective on shares of Charter Communications from $350.00 to $315.00 and set a "neutral" rating for the company in a research note on Tuesday, April 9th. Pivotal Research decreased their price objective on shares of Charter Communications from $500.00 to $450.00 and set a "buy" rating for the company in a research note on Monday, February 5th. JPMorgan Chase & Co. decreased their price objective on shares of Charter Communications from $370.00 to $335.00 and set a "neutral" rating for the company in a research note on Monday, April 1st. Sanford C. Bernstein upgraded shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $370.00 target price for the company in a research note on Monday, March 18th. Finally, UBS Group decreased their target price on shares of Charter Communications from $360.00 to $325.00 and set a "neutral" rating for the company in a research note on Thursday, March 28th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $380.80.

Charter Communications Price Performance

NASDAQ:CHTR traded up $5.30 during trading hours on Friday, reaching $265.21. 1,164,427 shares of the company were exchanged, compared to its average volume of 1,597,484. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 6.51. The stock's 50-day moving average is $284.78 and its 200-day moving average is $355.31. The firm has a market cap of $38.52 billion, a PE ratio of 8.81, a price-to-earnings-growth ratio of 0.44 and a beta of 0.96. Charter Communications, Inc. has a twelve month low of $254.31 and a twelve month high of $458.30.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly earnings data on Friday, February 2nd. The company reported $7.07 earnings per share for the quarter, missing analysts' consensus estimates of $8.76 by ($1.69). The company had revenue of $13.71 billion for the quarter, compared to analyst estimates 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 quarter in the prior year, the company posted $7.69 earnings per share. On average, sell-side analysts anticipate that Charter Communications, Inc. will post 32.38 earnings per share for the current fiscal year.

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.