Charter Communications, Inc. (NASDAQ:CHTR) Shares Bought by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC raised its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 65.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,146 shares of the company’s stock after purchasing an additional 26,054 shares during the period. Worldquant Millennium Advisors LLC’s holdings in Charter Communications were worth $22,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Avior Wealth Management LLC raised its position in Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after purchasing an additional 45 shares in the last quarter. Sierra Ocean LLC purchased a new position in shares of Charter Communications in the 4th quarter valued at about $32,000. Generali Asset Management SPA SGR purchased a new position in shares of Charter Communications in the 4th quarter valued at about $36,000. Brown Brothers Harriman & Co. increased its holdings 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 acquiring an additional 29 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. purchased a new position in shares of Charter Communications in the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CHTR. Wells Fargo & Company increased their price objective on Charter Communications from $380.00 to $400.00 and gave the company an “equal weight” rating in a report on Monday, April 28th. BNP Paribas reiterated an “underperform” rating and issued a $290.00 price objective on shares of Charter Communications in a report on Thursday, April 10th. Loop Capital upgraded Charter Communications from a “hold” rating to a “buy” rating and increased their price objective for the company from $430.00 to $510.00 in a report on Monday. Oppenheimer upgraded Charter Communications from a “market perform” rating to an “outperform” rating and set a $500.00 price objective on the stock in a report on Friday, May 16th. Finally, Barclays raised their price target on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Charter Communications presently has a consensus rating of “Hold” and an average target price of $409.39.

Charter Communications Trading Up 1.2%

Shares of CHTR stock opened at $423.49 on Wednesday. The business’s 50 day moving average is $368.48 and its two-hundred day moving average is $367.09. Charter Communications, Inc. has a twelve month low of $266.06 and a twelve month high of $437.06. The company has a market capitalization of $59.44 billion, a P/E ratio of 12.11, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. 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 (NASDAQ:CHTR) last announced its 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). Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. The company had revenue of $13.74 billion during the quarter, compared to analysts’ expectations of $13.67 billion. During the same quarter last year, the business posted $7.55 earnings per share. The company’s revenue for the quarter was up .4% compared to the same quarter last year. Equities analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current 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.