Charter Communications, Inc. (NASDAQ:CHTR) is Triple Frond Partners LLC’s 6th Largest Position

Triple Frond Partners LLC decreased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 40.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 160,480 shares of the company’s stock after selling 110,260 shares during the quarter. Charter Communications accounts for 7.1% of Triple Frond Partners LLC’s portfolio, making the stock its 6th largest position. Triple Frond Partners LLC owned about 0.11% of Charter Communications worth $55,008,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC lifted its stake in Charter Communications by 27.7% during the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company’s stock valued at $345,128,000 after acquiring an additional 230,817 shares during the period. Fernbridge Capital Management LP bought a new position in Charter Communications during the third quarter valued at approximately $48,200,000. Franklin Resources Inc. boosted its holdings in Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after purchasing an additional 148,003 shares during the last quarter. Amundi grew its position in Charter Communications by 62.0% in the 4th quarter. Amundi now owns 288,559 shares of the company’s stock worth $100,799,000 after purchasing an additional 110,410 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in Charter Communications during the 4th quarter valued at $33,485,000. Institutional investors own 81.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on CHTR. Benchmark reiterated a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a research report on Friday, January 31st. Barclays upped their price target on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Royal Bank of Canada raised their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. StockNews.com upgraded shares of Charter Communications from a “hold” rating to a “buy” rating in a research report on Tuesday, March 18th. Finally, Citigroup assumed coverage on shares of Charter Communications in a research report on Friday, March 14th. They set a “buy” rating and a $425.00 price objective for the company. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $389.39.

Charter Communications Trading Up 1.0 %

Shares of CHTR opened at $367.50 on Tuesday. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The company has a 50 day simple moving average of $357.33 and a two-hundred day simple moving average of $355.42. 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 firm has a market cap of $52.26 billion, a P/E ratio of 10.51, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating 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 quarter in the previous year, the business earned $7.07 earnings per share. On average, equities analysts expect 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.