OMERS ADMINISTRATION Corp Buys 677 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

OMERS ADMINISTRATION Corp grew its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 20.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,039 shares of the company's stock after acquiring an additional 677 shares during the period. OMERS ADMINISTRATION Corp's holdings in Charter Communications were worth $1,384,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CHTR shares. Wells Fargo & Company upped their price objective on Charter Communications from $380.00 to $400.00 and gave the stock an "equal weight" rating in a research report on Monday, April 28th. Barclays boosted their target price on Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a report on Monday, February 3rd. Morgan Stanley increased their target price on Charter Communications from $385.00 to $415.00 and gave the stock an "equal weight" rating in a research report on Monday, April 28th. Loop Capital raised Charter Communications from a "hold" rating to a "buy" rating and upped their target price for the company from $430.00 to $510.00 in a research report on Monday. Finally, Raymond James upgraded Charter Communications from an "underperform" rating to a "market perform" rating in a research report on Monday. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $409.39.

Charter Communications Price Performance

Charter Communications stock traded up $4.86 during midday trading on Tuesday, hitting $423.49. The company's stock had a trading volume of 1,236,095 shares, compared to its average volume of 1,262,759. The company has a market capitalization of $59.44 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. Charter Communications, Inc. has a 12 month low of $266.06 and a 12 month high of $437.06. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The stock's 50-day moving average price is $366.92 and its 200-day moving average price is $366.69.

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