Trexquant Investment LP Boosts Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Trexquant Investment LP lifted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 100.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,465 shares of the company’s stock after purchasing an additional 18,738 shares during the quarter. Trexquant Investment LP’s holdings in Charter Communications were worth $12,842,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Avior Wealth Management LLC lifted its position in Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after buying an additional 45 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of Charter Communications in the 4th quarter worth approximately $32,000. Generali Asset Management SPA SGR purchased a new position in shares of Charter Communications during the 4th quarter worth approximately $36,000. Brown Brothers Harriman & Co. boosted its position in shares of Charter Communications by 37.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock worth $36,000 after purchasing an additional 29 shares during the period. Finally, Wingate Wealth Advisors Inc. acquired a new stake in Charter Communications in the 4th quarter valued at approximately $45,000. 81.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CHTR shares. Royal Bank of Canada raised their price target on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. StockNews.com cut Charter Communications from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. Barclays lifted their target price on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Benchmark reissued a “buy” rating and set a $450.00 price target on shares of Charter Communications in a research report on Friday, January 31st. Finally, KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a report on Thursday, December 12th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $393.18.

Charter Communications Trading Up 0.6 %

NASDAQ:CHTR opened at $370.91 on Wednesday. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The stock has a market cap of $52.74 billion, a P/E ratio of 10.61, a P/E/G ratio of 0.44 and a beta of 1.13. The stock has a 50-day simple moving average of $360.45 and a 200-day simple moving average of $357.31.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, February 7th. The company reported $10.10 EPS 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 period last year, the company earned $7.07 EPS. As a group, analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

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.