Rafferty Asset Management LLC Increases Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Rafferty Asset Management LLC raised its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 44,955 shares of the company's stock after acquiring an additional 1,941 shares during the quarter. Rafferty Asset Management LLC's holdings in Charter Communications were worth $15,409,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CHTR. Wealth Enhancement Advisory Services LLC increased its position in Charter Communications by 1.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,305 shares of the company's stock valued at $1,071,000 after acquiring an additional 55 shares during the period. Assenagon Asset Management S.A. increased its position in Charter Communications by 0.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 251,526 shares of the company's stock valued at $86,216,000 after acquiring an additional 1,770 shares during the period. Kathmere Capital Management LLC acquired a new position in Charter Communications in the 4th quarter valued at approximately $289,000. Hennion & Walsh Asset Management Inc. increased its position in Charter Communications by 22.4% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,203 shares of the company's stock valued at $412,000 after acquiring an additional 220 shares during the period. Finally, Ritholtz Wealth Management acquired a new position in Charter Communications in the 4th quarter valued at approximately $1,133,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CHTR has been the topic of a number of analyst reports. StockNews.com raised shares of Charter Communications from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Royal Bank of Canada upped their price objective on shares of Charter Communications from $385.00 to $395.00 and gave the company a "sector perform" rating in a research note on Monday, April 28th. Wells Fargo & Company upped their price objective on shares of Charter Communications from $380.00 to $400.00 and gave the company an "equal weight" rating in a research note on Monday, April 28th. BNP Paribas reaffirmed an "underperform" rating and issued a $290.00 price objective on shares of Charter Communications in a research note on Thursday, April 10th. Finally, Loop Capital raised shares of Charter Communications from a "hold" rating to a "buy" rating and upped their price objective for the company from $430.00 to $510.00 in a research note on Monday. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $409.39.

Charter Communications Stock Down 2.0%

Shares of NASDAQ CHTR traded down $8.62 during mid-day trading on Monday, reaching $418.63. 1,821,507 shares of the company's stock traded hands, compared to its average volume of 1,262,865. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The business has a 50-day simple moving average of $365.54 and a 200 day simple moving average of $366.33. The stock has a market cap of $58.76 billion, a P/E ratio of 11.97, 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 $437.06.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly 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). The company had revenue of $13.74 billion for 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%. Charter Communications's revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the firm posted $7.55 EPS. On average, analysts expect that Charter Communications, Inc. will post 38.16 EPS 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.