Occudo Quantitative Strategies LP Invests $453,000 in Charter Communications, Inc. (NASDAQ:CHTR)

Occudo Quantitative Strategies LP bought a new position in Charter Communications, Inc. (NASDAQ:CHTR) during the fourth quarter, Holdings Channel.com reports. The fund bought 1,321 shares of the company’s stock, valued at approximately $453,000.

A number of other large investors have also made changes to their positions in the company. Caprock Group LLC grew its position in Charter Communications by 39.7% during the fourth quarter. Caprock Group LLC now owns 3,517 shares of the company’s stock valued at $1,206,000 after purchasing an additional 999 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Charter Communications by 17.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 32,478 shares of the company’s stock valued at $11,132,000 after purchasing an additional 4,813 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Charter Communications by 213.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 26,344 shares of the company’s stock valued at $9,030,000 after buying an additional 17,952 shares in the last quarter. Kathmere Capital Management LLC acquired a new position in shares of Charter Communications in the 4th quarter valued at $289,000. Finally, Assenagon Asset Management S.A. increased its position in shares of Charter Communications by 0.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 251,526 shares of the company’s stock worth $86,216,000 after purchasing an additional 1,770 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CHTR shares. Benchmark reissued a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. Barclays lifted their price target on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research note on Monday, February 3rd. Morgan Stanley lifted their price objective 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. Loop Capital raised their target price on shares of Charter Communications from $385.00 to $430.00 and gave the company a “hold” rating in a research note on Monday, April 28th. Finally, Citigroup lifted their price objective on shares of Charter Communications from $425.00 to $445.00 and gave the stock a “buy” rating in a research report on Monday, April 28th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $399.35.

Charter Communications Stock Up 1.4%

Shares of NASDAQ CHTR opened at $419.57 on Friday. The company has a market cap of $58.89 billion, a price-to-earnings ratio of 12.00, a PEG 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. The stock has a 50-day moving average price of $364.11 and a two-hundred day moving average price of $365.13. Charter Communications, Inc. has a 12 month low of $266.06 and a 12 month high of $426.17.

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