47,306 Shares in Charter Communications, Inc. (NASDAQ:CHTR) Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC purchased a new stake in Charter Communications, Inc. (NASDAQ:CHTR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 47,306 shares of the company’s stock, valued at approximately $16,215,000.

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

Charter Communications Stock Up 11.4 %

Charter Communications stock opened at $373.65 on Friday. The firm has a market capitalization of $53.04 billion, a P/E ratio of 10.69, a P/E/G ratio of 0.44 and a beta of 1.13. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications, Inc. has a twelve month low of $252.93 and a twelve month high of $415.27. The stock’s fifty day simple moving average is $355.36 and its 200-day simple moving average is $358.64.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results 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). The company had revenue of $13.74 billion for the quarter, compared to analysts’ expectations of $13.67 billion. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same quarter last year, the company earned $7.55 EPS. As a group, equities analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CHTR has been the topic of a number of recent analyst reports. Benchmark reiterated a “buy” rating and set a $450.00 target price on shares of Charter Communications in a research report on Friday, January 31st. Citigroup began coverage on shares of Charter Communications in a research report on Friday, March 14th. They issued a “buy” rating and a $425.00 target price on the stock. Barclays upped their price target on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Royal Bank of Canada lifted their price objective on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Finally, BNP Paribas restated an “underperform” rating and issued a $290.00 target price on shares of Charter Communications in a research report on Thursday, April 10th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Charter Communications has an average rating of “Hold” and an average target price of $387.88.

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.