Sora Investors LLC Takes Position in Charter Communications, Inc. (NASDAQ:CHTR)

Sora Investors LLC bought a new position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 46,714 shares of the company's stock, valued at approximately $16,012,000. Charter Communications comprises approximately 1.8% of Sora Investors LLC's portfolio, making the stock its 22nd largest position.

Other large investors have also recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in shares of Charter Communications by 17.6% during the fourth quarter. Royal Bank of Canada now owns 104,949 shares of the company's stock valued at $35,973,000 after buying an additional 15,686 shares during the last quarter. Rafferty Asset Management LLC raised its holdings in shares of Charter Communications by 4.5% during the fourth quarter. Rafferty Asset Management LLC now owns 44,955 shares of the company's stock valued at $15,409,000 after buying an additional 1,941 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of Charter Communications by 20.3% during the fourth quarter. ProShare Advisors LLC now owns 175,759 shares of the company's stock valued at $60,245,000 after buying an additional 29,712 shares during the last quarter. Quantinno Capital Management LP raised its holdings in shares of Charter Communications by 29.9% during the fourth quarter. Quantinno Capital Management LP now owns 17,657 shares of the company's stock valued at $6,052,000 after buying an additional 4,068 shares during the last quarter. Finally, Mufg Securities Americas Inc. bought a new stake in shares of Charter Communications during the fourth quarter valued at approximately $489,000. Institutional investors own 81.76% of the company's stock.

Charter Communications Trading Down 2.0%

NASDAQ CHTR traded down $8.62 on Monday, hitting $418.63. 1,821,507 shares of the stock were exchanged, compared to its average volume of 1,262,865. Charter Communications, Inc. has a 52-week low of $266.06 and a 52-week high of $437.06. 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 company has a market capitalization of $58.76 billion, a price-to-earnings ratio of 11.97, a P/E/G ratio of 0.44 and a beta of 1.11. The company's 50-day moving average price is $365.54 and its two-hundred day moving average price is $366.33.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly earnings data 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 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 analysts' expectations of $13.67 billion. During the same quarter in the previous year, the firm posted $7.55 earnings per share. The company's revenue for the quarter was up .4% on a year-over-year basis. Research analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Benchmark reaffirmed a "buy" rating and set a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. Morgan Stanley boosted their target price on Charter Communications from $385.00 to $415.00 and gave the stock an "equal weight" rating in a report on Monday, April 28th. Royal Bank of Canada boosted their target price on Charter Communications from $385.00 to $395.00 and gave the stock a "sector perform" rating in a report on Monday, April 28th. Raymond James raised Charter Communications from an "underperform" rating to a "market perform" rating in a report on Monday. Finally, Wells Fargo & Company boosted their target price on Charter Communications from $380.00 to $400.00 and gave the stock an "equal weight" rating in a report on Monday, April 28th. Four equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $409.39.

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.