NorthRock Partners LLC Buys 1,049 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

NorthRock Partners LLC lifted its position in Charter Communications, Inc. (NASDAQ:CHTR) by 117.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,941 shares of the company’s stock after purchasing an additional 1,049 shares during the quarter. NorthRock Partners LLC’s holdings in Charter Communications were worth $665,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of CHTR. Norges Bank bought a new position in Charter Communications during the 4th quarter worth approximately $1,032,236,000. Geode Capital Management LLC grew its holdings in shares of Charter Communications by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 2,477,276 shares of the company’s stock worth $847,087,000 after acquiring an additional 45,045 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Charter Communications by 822.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company’s stock worth $433,167,000 after purchasing an additional 1,126,783 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Charter Communications by 130.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company’s stock worth $369,566,000 after acquiring an additional 609,554 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Charter Communications by 16.6% during the fourth quarter. Northern Trust Corp now owns 1,001,066 shares of the company’s stock valued at $343,135,000 after purchasing an additional 142,883 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Up 1.4%

CHTR stock opened at $419.57 on Friday. Charter Communications, Inc. has a twelve month low of $266.06 and a twelve month high of $426.17. The stock has a market capitalization of $58.89 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The firm’s fifty day simple moving average is $364.11 and its two-hundred day simple moving average is $365.13.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, April 25th. The company reported $8.42 EPS for the quarter, missing the consensus estimate of $8.70 by ($0.28). Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. The business had revenue of $13.74 billion during the quarter, compared to the consensus estimate of $13.67 billion. During the same period last year, the company earned $7.55 EPS. The business’s revenue was up .4% compared to the same quarter last year. As a group, analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CHTR has been the topic of a number of analyst reports. Citigroup upped their price target on shares of Charter Communications from $425.00 to $445.00 and gave the stock a “buy” rating in a research note on Monday, April 28th. Loop Capital lifted their price objective on Charter Communications from $385.00 to $430.00 and gave the stock a “hold” rating in a report on Monday, April 28th. Morgan Stanley upped their target price on shares of Charter Communications from $385.00 to $415.00 and gave the company an “equal weight” rating in a report on Monday, April 28th. Royal Bank of Canada raised their price objective on Charter Communications from $385.00 to $395.00 and gave the stock a “sector perform” rating in a research note on Monday, April 28th. Finally, Wells Fargo & Company raised their price objective on shares of Charter Communications from $380.00 to $400.00 and gave the company an “equal weight” rating in a research report on Monday, April 28th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Charter Communications currently has an average rating of “Hold” and an average price target of $399.35.

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.