Charter Communications, Inc. (NASDAQ:CHTR) Stake Boosted by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,477,276 shares of the company’s stock after acquiring an additional 45,045 shares during the period. Geode Capital Management LLC owned about 1.74% of Charter Communications worth $847,087,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CHTR. Avior Wealth Management LLC increased 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 worth $30,000 after purchasing an additional 45 shares during the last quarter. Sierra Ocean LLC acquired a new position in Charter Communications in the fourth quarter worth approximately $32,000. Generali Asset Management SPA SGR bought a new position in Charter Communications during the fourth quarter valued at approximately $36,000. Brown Brothers Harriman & Co. lifted its stake in 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 acquiring an additional 29 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new stake in Charter Communications in the fourth quarter worth approximately $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 weighed in on CHTR. StockNews.com downgraded shares of Charter Communications from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. Royal Bank of Canada raised their target price on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Benchmark reaffirmed a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a research report on Friday, January 31st. Barclays increased their price objective on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Finally, Citigroup began coverage on Charter Communications in a report on Friday, March 14th. They issued a “buy” rating and a $425.00 target price for the company. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $393.18.

Charter Communications Stock Up 2.3 %

NASDAQ CHTR opened at $379.27 on Thursday. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The stock has a market cap of $53.84 billion, a PE ratio of 10.85, a PEG ratio of 0.44 and a beta of 1.12. The firm has a 50-day simple moving average of $360.98 and a 200 day simple moving average of $357.46. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, February 7th. The company reported $10.10 EPS for the quarter, topping analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same period in the prior year, the company posted $7.07 earnings per share. On average, research analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current year.

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.