Los Angeles Capital Management LLC boosted its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 266.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 68,607 shares of the company's stock after purchasing an additional 49,902 shares during the quarter. Los Angeles Capital Management LLC's holdings in Charter Communications were worth $23,516,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of CHTR. Hennion & Walsh Asset Management Inc. grew its holdings in Charter Communications by 36.7% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 983 shares of the company's stock valued at $319,000 after purchasing an additional 264 shares during the period. Ballentine Partners LLC grew its holdings in Charter Communications by 6.9% in the third quarter. Ballentine Partners LLC now owns 1,189 shares of the company's stock valued at $385,000 after purchasing an additional 77 shares during the period. Allworth Financial LP grew its holdings in Charter Communications by 27.9% in the third quarter. Allworth Financial LP now owns 220 shares of the company's stock valued at $71,000 after purchasing an additional 48 shares during the period. Forsta AP Fonden grew its holdings in Charter Communications by 17.1% in the third quarter. Forsta AP Fonden now owns 17,800 shares of the company's stock valued at $5,769,000 after purchasing an additional 2,600 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its holdings in Charter Communications by 2.1% in the third quarter. DekaBank Deutsche Girozentrale now owns 34,019 shares of the company's stock valued at $11,014,000 after purchasing an additional 709 shares during the period. 81.76% of the stock is currently owned by hedge funds and other institutional investors.
CHTR stock opened at $358.59 on Wednesday. The firm has a market cap of $50.99 billion, a price-to-earnings ratio of 10.26, a PEG ratio of 0.44 and a beta of 1.11. The firm has a fifty day moving average price of $352.02 and a two-hundred day moving average price of $353.59. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31.
Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping the consensus estimate of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same period in the prior year, the company earned $7.07 earnings per share. Research analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current year.
A number of brokerages have weighed in on CHTR. Royal Bank of Canada lifted their price target on shares of Charter Communications from $380.00 to $385.00 and gave the company a "sector perform" rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. lifted their price target on shares of Charter Communications from $385.00 to $400.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. Pivotal Research lifted their price target on shares of Charter Communications from $435.00 to $525.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Bank of America upgraded shares of Charter Communications from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $385.00 to $450.00 in a research note on Monday, November 4th. Finally, Barclays lifted their price target on shares of Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a research note on Monday, February 3rd. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, Charter Communications has an average rating of "Hold" and an average price target of $384.42.
Read Our Latest Stock Report on 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.
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