Charter Communications, Inc. (NASDAQ:CHTR) Shares Bought by Fayez Sarofim & Co

Fayez Sarofim & Co increased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 3.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,553 shares of the company’s stock after purchasing an additional 1,220 shares during the quarter. Fayez Sarofim & Co’s holdings in Charter Communications were worth $12,529,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Hunting Hill Global Capital LLC acquired a new stake in shares of Charter Communications during the 4th quarter valued at $240,000. State of Tennessee Department of Treasury raised its position in shares of Charter Communications by 26.6% during the fourth quarter. State of Tennessee Department of Treasury now owns 31,097 shares of the company’s stock worth $10,659,000 after purchasing an additional 6,533 shares during the period. Senator Investment Group LP purchased a new stake in shares of Charter Communications during the fourth quarter valued at $48,945,000. Tower Research Capital LLC TRC increased its stake in Charter Communications by 153.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 12,400 shares of the company’s stock worth $4,250,000 after purchasing an additional 7,511 shares in the last quarter. Finally, MYDA Advisors LLC raised its holdings in Charter Communications by 15.4% during the 4th quarter. MYDA Advisors LLC now owns 30,000 shares of the company’s stock worth $10,283,000 after buying an additional 4,000 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CHTR has been the subject of a number of recent analyst reports. 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. Royal Bank of Canada raised their price objective 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 downgraded Charter Communications from a “buy” rating to a “hold” rating in a report on Saturday, April 12th. Wells Fargo & Company decreased their price target on shares of Charter Communications from $400.00 to $380.00 and set an “equal weight” rating for the company in a report on Monday, April 14th. Finally, Barclays lifted their target price on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research note on Monday, February 3rd. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $387.88.

Charter Communications Price Performance

Shares of Charter Communications stock opened at $338.96 on Monday. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market cap of $48.11 billion, a P/E ratio of 9.70, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. The firm’s 50-day simple moving average is $357.31 and its 200-day simple moving average is $358.43.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, topping the consensus estimate of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same quarter in the prior year, the firm posted $7.07 earnings per share. As a group, research 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.