Charles Schwab Investment Management Inc. Raises Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Charles Schwab Investment Management Inc. grew its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 847,921 shares of the company’s stock after buying an additional 23,225 shares during the period. Charles Schwab Investment Management Inc. owned 0.60% of Charter Communications worth $290,642,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CHTR. Lind Value II ApS purchased a new position in Charter Communications during the fourth quarter valued at approximately $9,743,000. Oddo BHF Asset Management Sas bought a new stake in shares of Charter Communications during the 3rd quarter valued at $1,345,000. Worldquant Millennium Advisors LLC raised its position in shares of Charter Communications by 193.8% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company’s stock valued at $12,993,000 after purchasing an additional 26,446 shares during the period. Caprock Group LLC lifted its stake in shares of Charter Communications by 39.7% during the 4th quarter. Caprock Group LLC now owns 3,517 shares of the company’s stock valued at $1,206,000 after buying an additional 999 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in Charter Communications by 4.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after buying an additional 148,003 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CHTR has been the topic of several research analyst reports. Benchmark restated a “buy” rating and issued a $450.00 price objective on shares of Charter Communications in a research report on Friday, January 31st. Barclays boosted their price target on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a report on Thursday, December 12th. Royal Bank of Canada boosted their target price on shares of 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 raised shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price for the company in a research note on Tuesday, November 26th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $384.42.

Charter Communications Price Performance

NASDAQ:CHTR opened at $378.42 on Thursday. The firm has a market capitalization of $53.81 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 0.44 and a beta of 1.13. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The business has a 50 day simple moving average of $353.56 and a 200-day simple moving average of $354.12. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data 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 net margin of 9.23% and a return on equity of 29.01%. During the same quarter last year, the business earned $7.07 earnings per share. Equities analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current year.

About Charter Communications

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.