NorthRock Partners LLC Grows Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

NorthRock Partners LLC grew its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 117.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,941 shares of the company's stock after buying an additional 1,049 shares during the quarter. NorthRock Partners LLC's holdings in Charter Communications were worth $665,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Norges Bank bought a new position in Charter Communications during the fourth quarter valued at $1,032,236,000. Price T Rowe Associates Inc. MD lifted its holdings in Charter Communications by 822.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company's stock worth $433,167,000 after buying an additional 1,126,783 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Charter Communications by 130.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company's stock valued at $369,566,000 after buying an additional 609,554 shares during the last quarter. LSV Asset Management raised its position in Charter Communications by 8,343.1% in the 4th quarter. LSV Asset Management now owns 177,305 shares of the company's stock worth $60,775,000 after buying an additional 175,205 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Charter Communications by 21.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 900,849 shares of the company's stock valued at $308,795,000 after purchasing an additional 161,547 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company's stock.

Charter Communications Price Performance

CHTR traded up $4.70 on Tuesday, reaching $423.33. The stock had a trading volume of 1,035,648 shares, compared to its average volume of 1,262,758. The firm has a 50-day moving average of $366.92 and a 200-day moving average of $366.69. Charter Communications, Inc. has a fifty-two week low of $266.06 and a fifty-two week high of $437.06. The company has a market capitalization of $59.42 billion, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The company reported $8.42 earnings per share for the quarter, missing the consensus estimate of $8.70 by ($0.28). Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. The company 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 company posted $7.55 EPS. Charter Communications's quarterly revenue was up .4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CHTR shares. StockNews.com upgraded Charter Communications from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Morgan Stanley raised their target price on shares of Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a research note on Monday, April 28th. Benchmark reissued a "buy" rating and set a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. Raymond James upgraded Charter Communications from an "underperform" rating to a "market perform" rating in a report on Monday. Finally, Royal Bank of Canada lifted their price objective on shares of Charter Communications from $385.00 to $395.00 and gave the company a "sector perform" rating in a report on Monday, April 28th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $409.39.

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.