Occudo Quantitative Strategies LP Buys New Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Occudo Quantitative Strategies LP bought a new stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,321 shares of the company's stock, valued at approximately $453,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. grew its stake in shares of Charter Communications by 37.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock worth $36,000 after acquiring an additional 29 shares in the last quarter. Chemistry Wealth Management LLC grew its stake in shares of Charter Communications by 4.8% in the fourth quarter. Chemistry Wealth Management LLC now owns 660 shares of the company's stock worth $226,000 after acquiring an additional 30 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Charter Communications by 3.4% in the fourth quarter. Jones Financial Companies Lllp now owns 904 shares of the company's stock worth $310,000 after acquiring an additional 30 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of Charter Communications by 4.2% in the fourth quarter. Quadrant Capital Group LLC now owns 740 shares of the company's stock worth $254,000 after acquiring an additional 30 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Charter Communications by 5.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 622 shares of the company's stock worth $213,000 after acquiring an additional 34 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company's stock.

Charter Communications Price Performance

CHTR opened at $419.57 on Friday. The company has a 50-day moving average of $364.11 and a 200-day moving average of $365.13. The company has a market capitalization of $58.89 billion, a P/E ratio of 12.00, a PEG ratio of 0.44 and a beta of 1.11. Charter Communications, Inc. has a 1-year low of $266.06 and a 1-year high of $426.17. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The company reported $8.42 EPS for the quarter, missing the consensus estimate of $8.70 by ($0.28). The business had revenue of $13.74 billion during the quarter, compared to analyst estimates of $13.67 billion. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. The company's quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the firm posted $7.55 earnings per share. Equities analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on CHTR. StockNews.com upgraded shares of Charter Communications from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Barclays boosted their price target on Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a research note on Monday, February 3rd. BNP Paribas reiterated an "underperform" rating and issued a $290.00 price target on shares of Charter Communications in a research report on Thursday, April 10th. Loop Capital raised their target price on shares of Charter Communications from $385.00 to $430.00 and gave the stock a "hold" rating in a research report on Monday, April 28th. Finally, Wells Fargo & Company increased their price target on shares of Charter Communications from $380.00 to $400.00 and gave the stock an "equal weight" rating in a research note on Monday, April 28th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $399.35.

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.

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