Brooklyn Investment Group Has $230,000 Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Brooklyn Investment Group raised its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 5.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 671 shares of the company’s stock after purchasing an additional 37 shares during the period. Brooklyn Investment Group’s holdings in Charter Communications were worth $230,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. boosted its position in shares of Charter Communications by 12,597.3% during the third quarter. Assenagon Asset Management S.A. now owns 249,756 shares of the company’s stock valued at $80,941,000 after buying an additional 247,789 shares during the last quarter. FMR LLC lifted its stake in Charter Communications by 27.7% during the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company’s stock valued at $345,128,000 after acquiring an additional 230,817 shares in the last quarter. Fernbridge Capital Management LP purchased a new position in Charter Communications during the 3rd quarter worth $48,200,000. Franklin Resources Inc. grew its stake in shares of 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 acquiring an additional 148,003 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Charter Communications in the third quarter valued at about $244,720,000. 81.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CHTR shares. Benchmark upped their price objective on shares of Charter Communications from $440.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upped their price objective on Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Pivotal Research increased their target price on shares of Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Wells Fargo & Company lifted their price target on Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. upped their target price on shares of Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $383.89.

Charter Communications Price Performance

CHTR opened at $351.37 on Friday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24. The stock has a market capitalization of $49.96 billion, a P/E ratio of 11.00, a PEG ratio of 0.48 and a beta of 1.10. The stock has a 50-day moving average price of $370.33 and a 200-day moving average price of $349.10. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.55 by $0.27. The business had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. Charter Communications’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $8.25 earnings per share. Equities analysts predict that Charter Communications, Inc. will post 34.46 earnings per share for the current fiscal year.

Charter Communications Company 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.