Capital International Sarl Raises Position in Charter Communications, Inc. (NASDAQ:CHTR)

Capital International Sarl increased its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,356 shares of the company’s stock after acquiring an additional 1,027 shares during the period. Capital International Sarl’s holdings in Charter Communications were worth $5,949,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Franklin Resources Inc. lifted its holdings 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 during the period. Norges Bank bought a new position in Charter Communications in the 4th quarter worth $1,032,236,000. Geode Capital Management LLC boosted its stake in shares of Charter Communications by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 2,477,276 shares of the company’s stock valued at $847,087,000 after purchasing an additional 45,045 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Charter Communications by 130.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company’s stock worth $369,566,000 after buying an additional 609,554 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Charter Communications by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 847,921 shares of the company’s stock worth $290,642,000 after acquiring an additional 23,225 shares during the period. 81.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. BNP Paribas reaffirmed an “underperform” rating and issued a $290.00 price target on shares of Charter Communications in a research note on Thursday, April 10th. Wells Fargo & Company lowered their price target on shares of Charter Communications from $400.00 to $380.00 and set an “equal weight” rating for the company in a research report on Monday, April 14th. Citigroup began coverage on Charter Communications in a research note on Friday, March 14th. They issued a “buy” rating and a $425.00 price target on the stock. Royal Bank of Canada increased their target price on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. Finally, Barclays raised their price objective 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. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $387.88.

Charter Communications Stock Performance

Shares of NASDAQ CHTR opened at $338.96 on Friday. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. The firm has a 50 day moving average of $357.31 and a 200 day moving average of $357.98. 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 firm has a market capitalization of $48.11 billion, a price-to-earnings ratio of 9.70, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm earned $7.07 EPS. On average, research analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share 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.