20,078 Shares in Charter Communications, Inc. (NASDAQ:CHTR) Bought by Xn LP

Xn LP bought a new stake in Charter Communications, Inc. (NASDAQ:CHTR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,078 shares of the company’s stock, valued at approximately $6,882,000. Charter Communications accounts for approximately 0.3% of Xn LP’s holdings, making the stock its 22nd biggest position.

Several other hedge funds have also recently made changes to their positions in CHTR. Avior Wealth Management LLC raised its stake in shares of 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 period. Sierra Ocean LLC bought a new stake in shares of Charter Communications in the fourth quarter valued at $32,000. Generali Asset Management SPA SGR bought a new stake in shares of Charter Communications in the fourth quarter valued at $36,000. Brown Brothers Harriman & Co. raised its stake in shares of Charter Communications by 37.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock valued at $36,000 after buying an additional 29 shares during the period. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of Charter Communications in the fourth quarter valued at $45,000. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Price Performance

CHTR opened at $418.63 on Tuesday. The stock has a 50-day moving average price of $366.92 and a 200-day moving average price of $366.69. Charter Communications, Inc. has a 12-month low of $266.06 and a 12-month high of $437.06. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The stock has a market capitalization of $58.76 billion, a P/E ratio of 11.97, a PEG ratio of 0.44 and a beta of 1.11.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CHTR shares. Loop Capital upgraded Charter Communications from a “hold” rating to a “buy” rating and lifted their price target for the company from $430.00 to $510.00 in a research report on Monday. BNP Paribas reiterated an “underperform” rating and issued a $290.00 price target on shares of Charter Communications in a research report on Thursday, April 10th. Royal Bank of Canada lifted their price target on Charter Communications from $385.00 to $395.00 and gave the company a “sector perform” rating in a research report on Monday, April 28th. Oppenheimer upgraded Charter Communications from a “market perform” rating to an “outperform” rating and set a $500.00 price target for the company in a research report on Friday. Finally, Barclays lifted their price target on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Charter Communications currently has an average rating of “Hold” and a consensus target price of $409.39.

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.