Cornerstone Capital Inc. Buys 7,040 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Cornerstone Capital Inc. boosted its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 40.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,370 shares of the company's stock after buying an additional 7,040 shares during the period. Cornerstone Capital Inc.'s holdings in Charter Communications were worth $9,472,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. AE Wealth Management LLC raised its holdings in shares of Charter Communications by 59.1% during the third quarter. AE Wealth Management LLC now owns 2,445 shares of the company's stock valued at $1,075,000 after purchasing an additional 908 shares during the period. Flagship Harbor Advisors LLC acquired a new position in shares of Charter Communications during the third quarter valued at about $258,000. CX Institutional raised its holdings in shares of Charter Communications by 2.3% during the third quarter. CX Institutional now owns 1,185 shares of the company's stock valued at $521,000 after purchasing an additional 27 shares during the period. UMB Bank n.a. raised its holdings in shares of Charter Communications by 28.5% during the third quarter. UMB Bank n.a. now owns 329 shares of the company's stock valued at $145,000 after purchasing an additional 73 shares during the period. Finally, Czech National Bank raised its holdings in shares of Charter Communications by 44.6% during the third quarter. Czech National Bank now owns 17,788 shares of the company's stock valued at $7,824,000 after purchasing an additional 5,488 shares during the period. Institutional investors and hedge funds own 81.76% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on CHTR. Rosenblatt Securities dropped their price objective on shares of Charter Communications from $334.00 to $297.00 and set a "neutral" rating on the stock in a report on Monday, April 15th. Pivotal Research dropped their price objective on shares of Charter Communications from $500.00 to $450.00 and set a "buy" rating on the stock in a report on Monday, February 5th. Sanford C. Bernstein upgraded shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $370.00 target price on the stock in a report on Monday, March 18th. Wells Fargo & Company lowered their target price on shares of Charter Communications from $340.00 to $290.00 and set an "equal weight" rating on the stock in a report on Friday, April 5th. Finally, Benchmark lowered their target price on shares of Charter Communications from $490.00 to $440.00 and set a "buy" rating on the stock in a report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Charter Communications presently has an average rating of "Hold" and an average target price of $380.80.

Charter Communications Stock Down 1.7 %

CHTR stock traded down $4.49 during trading on Friday, reaching $254.61. The stock had a trading volume of 2,600,137 shares, compared to its average volume of 1,187,039. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $458.30. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 6.51. The company's 50 day moving average is $281.16 and its two-hundred day moving average is $346.74. The company has a market capitalization of $36.98 billion, a price-to-earnings ratio of 8.23, a P/E/G ratio of 0.44 and a beta of 0.96.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings data on Friday, April 26th. The company reported $7.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $7.78 by ($0.23). Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. The firm had revenue of $13.68 billion during the quarter, compared to the consensus estimate of $13.75 billion. During the same period in the previous year, the company posted $6.65 earnings per share. The company's revenue for the quarter was up .2% on a year-over-year basis. Equities research analysts forecast that Charter Communications, Inc. will post 31.89 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.