Canada Pension Plan Investment Board Boosts Position in Charter Communications, Inc. (NASDAQ:CHTR)

Canada Pension Plan Investment Board lifted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 158.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,147 shares of the company’s stock after buying an additional 32,600 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Charter Communications were worth $18,217,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CHTR. Farringdon Capital Ltd. acquired a new position in Charter Communications in the fourth quarter valued at $857,000. United Capital Financial Advisors LLC boosted its position in shares of Charter Communications by 2.9% in the 4th quarter. United Capital Financial Advisors LLC now owns 3,651 shares of the company’s stock valued at $1,251,000 after purchasing an additional 104 shares during the period. Kize Capital LP grew its stake in Charter Communications by 8.1% during the 4th quarter. Kize Capital LP now owns 53,334 shares of the company’s stock worth $18,281,000 after buying an additional 4,000 shares during the last quarter. Jump Financial LLC increased its position in Charter Communications by 95.5% during the fourth quarter. Jump Financial LLC now owns 45,262 shares of the company’s stock worth $15,514,000 after buying an additional 22,113 shares during the period. Finally, Bridgewater Associates LP lifted its stake in Charter Communications by 420.5% in the fourth quarter. Bridgewater Associates LP now owns 59,797 shares of the company’s stock valued at $20,497,000 after buying an additional 48,309 shares during the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Price Performance

Charter Communications stock opened at $338.96 on Monday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The firm’s 50-day simple moving average is $357.31 and its 200 day simple moving average is $358.43. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27. The firm has a market capitalization of $48.11 billion, a PE ratio of 9.70, a P/E/G ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, beating the consensus estimate of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same period last year, the firm earned $7.07 EPS. On average, equities research analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Citigroup started coverage on shares of Charter Communications in a report on Friday, March 14th. They issued a “buy” rating and a $425.00 target price on the stock. Wells Fargo & Company dropped their price objective on shares of Charter Communications from $400.00 to $380.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. BNP Paribas reiterated an “underperform” rating and set a $290.00 target price on shares of Charter Communications in a research note on Thursday, April 10th. Benchmark restated a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a research report on Friday, January 31st. Finally, Barclays increased their price objective on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $387.88.

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.