Legal & General Group Plc increased its position in shares of Charter Communications Inc (NASDAQ:CHTR) by 15.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 906,461 shares of the company’s stock after buying an additional 120,714 shares during the period. Legal & General Group Plc’s holdings in Charter Communications were worth $258,314,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. We Are One Seven LLC bought a new position in Charter Communications during the fourth quarter worth $26,000. Massey Quick Simon & CO. LLC bought a new position in Charter Communications during the fourth quarter worth $29,000. Whitener Capital Management Inc. bought a new position in Charter Communications during the fourth quarter worth $29,000. Hanson McClain Inc. raised its stake in Charter Communications by 157.8% during the fourth quarter. Hanson McClain Inc. now owns 116 shares of the company’s stock worth $33,000 after buying an additional 71 shares during the last quarter. Finally, Cornerstone Advisors Inc. raised its stake in Charter Communications by 55.7% during the third quarter. Cornerstone Advisors Inc. now owns 123 shares of the company’s stock worth $40,000 after buying an additional 44 shares during the last quarter. 74.31% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have weighed in on CHTR shares. TD Securities lifted their price target on shares of Charter Communications from $385.00 to $405.00 and gave the company a “buy” rating in a research note on Friday, February 1st. Nomura started coverage on shares of Charter Communications in a research note on Wednesday, January 16th. They issued a “neutral” rating and a $330.00 price target for the company. BidaskClub downgraded shares of Charter Communications from a “buy” rating to a “hold” rating in a research note on Friday, January 11th. Royal Bank of Canada set a $400.00 price target on shares of Charter Communications and gave the company a “buy” rating in a research note on Saturday, February 2nd. Finally, Cowen lifted their price target on shares of Charter Communications from $337.00 to $357.00 and gave the company an “outperform” rating in a research note on Friday, December 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Charter Communications has a consensus rating of “Buy” and a consensus price target of $359.22.
Shares of NASDAQ CHTR opened at $365.89 on Friday. The stock has a market cap of $81.68 billion, a PE ratio of 70.09, a price-to-earnings-growth ratio of 1.29 and a beta of 1.40. Charter Communications Inc has a 1 year low of $250.10 and a 1 year high of $368.02. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 1.57.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Thursday, January 31st. The company reported $1.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.20). The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $11.15 billion. Charter Communications had a net margin of 2.82% and a return on equity of 2.70%. As a group, research analysts anticipate that Charter Communications Inc will post 7.37 EPS for the current fiscal year.
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Charter Communications Company Profile
Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.
Further Reading: Understanding debt-to-equity ratio in fundamental analysis
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