Mount Lucas Management LP Purchases Shares of 6,082 Charter Communications, Inc. (NASDAQ:CHTR)

Mount Lucas Management 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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,082 shares of the company's stock, valued at approximately $2,364,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Wetzel Investment Advisors Inc. acquired a new stake in Charter Communications in the 4th quarter valued at $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Charter Communications in the 4th quarter valued at $44,000. Cullen Frost Bankers Inc. grew its position in shares of Charter Communications by 769.2% in the 4th quarter. Cullen Frost Bankers Inc. now owns 113 shares of the company's stock valued at $44,000 after acquiring an additional 100 shares during the period. Catalyst Capital Advisors LLC increased its holdings in shares of 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 acquiring an additional 27 shares during the last quarter. Finally, Bourgeon Capital Management LLC lifted its position in Charter Communications by 219.5% during the fourth quarter. Bourgeon Capital Management LLC now owns 131 shares of the company's stock worth $51,000 after acquiring an additional 90 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Pivotal Research cut their price target on shares of Charter Communications from $450.00 to $400.00 and set a "buy" rating on the stock in a report on Monday, April 29th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Charter Communications from $375.00 to $320.00 and set a "hold" rating for the company in a research report on Tuesday, April 16th. Wells Fargo & Company cut their price target on shares of Charter Communications from $290.00 to $260.00 and set an "equal weight" rating for the company in a report on Monday, April 29th. Bank of America reduced their price target on shares of Charter Communications from $315.00 to $300.00 and set a "neutral" rating on the stock in a research report on Monday, April 29th. Finally, UBS Group decreased their price objective 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. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Charter Communications presently has an average rating of "Hold" and an average price target of $356.47.

Charter Communications Stock Performance

Shares of CHTR stock traded up $11.62 during midday trading on Friday, hitting $275.55. The company had a trading volume of 1,778,297 shares, compared to its average volume of 1,378,914. The company has a debt-to-equity ratio of 6.28, a current ratio of 0.40 and a quick ratio of 0.40. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $458.30. The stock has a market cap of $39.69 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 1.06 and a beta of 0.97. The company's 50 day simple moving average is $275.66 and its 200 day simple moving average is $335.72.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its earnings results on Friday, April 26th. The company reported $7.55 EPS for the quarter, missing the consensus estimate of $7.78 by ($0.23). The business had revenue of $13.68 billion during the quarter, compared to analyst estimates of $13.75 billion. Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The business's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.65 earnings per share. Research analysts anticipate that Charter Communications, Inc. will post 32.02 earnings per share for the current fiscal 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.