Charter Communications, Inc. (NASDAQ:CHTR) Shares Acquired by Caprock Group LLC

Caprock Group LLC boosted its position in Charter Communications, Inc. (NASDAQ:CHTR) by 39.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,517 shares of the company’s stock after purchasing an additional 999 shares during the period. Caprock Group LLC’s holdings in Charter Communications were worth $1,206,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Creative Planning boosted its stake in Charter Communications by 32.0% during the second quarter. Creative Planning now owns 10,820 shares of the company’s stock valued at $3,235,000 after buying an additional 2,624 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its position in shares of Charter Communications by 3.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company’s stock valued at $314,000 after purchasing an additional 32 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Charter Communications in the 2nd quarter worth approximately $1,212,000. Czech National Bank raised its holdings in shares of Charter Communications by 5.9% in the 3rd quarter. Czech National Bank now owns 19,772 shares of the company’s stock worth $6,408,000 after purchasing an additional 1,108 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its stake in Charter Communications by 7.0% during the third quarter. Handelsbanken Fonder AB now owns 17,831 shares of the company’s stock valued at $5,779,000 after purchasing an additional 1,168 shares during the last quarter. 81.76% of the stock is owned by institutional investors.

Charter Communications Price Performance

Shares of Charter Communications stock opened at $345.49 on Monday. 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 firm has a fifty day simple moving average of $363.28 and a 200-day simple moving average of $352.96. The stock has a market capitalization of $49.13 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 0.47 and a beta of 1.10. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. During the same quarter in the previous year, the business earned $7.07 earnings per share. On average, sell-side analysts expect that Charter Communications, Inc. will post 34.62 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Royal Bank of Canada dropped their price target on Charter Communications from $390.00 to $380.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 15th. Pivotal Research increased their price objective on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Wells Fargo & Company lifted their target price on Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Barclays increased their price target on shares of Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a research report on Monday, November 4th. Finally, KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a research report on Thursday, December 12th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Charter Communications presently has an average rating of “Hold” and an average target price of $383.89.

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.