Quantessence Capital LLC Takes $576,000 Position in Charter Communications, Inc. (NASDAQ:CHTR)

Quantessence Capital LLC acquired a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,679 shares of the company’s stock, valued at approximately $576,000.

Other large investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its holdings in shares of Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock valued at $1,052,868,000 after purchasing an additional 148,003 shares in the last quarter. Norges Bank purchased a new position in Charter Communications in the 4th quarter valued at approximately $1,032,236,000. Geode Capital Management LLC grew its stake in shares of Charter Communications by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 2,477,276 shares of the company’s stock worth $847,087,000 after acquiring an additional 45,045 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Charter Communications by 130.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company’s stock worth $369,566,000 after acquiring an additional 609,554 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Charter Communications by 21.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 900,849 shares of the company’s stock valued at $308,795,000 after acquiring an additional 161,547 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Stock Up 2.8 %

Shares of NASDAQ CHTR opened at $331.34 on Wednesday. The business has a 50-day moving average price of $356.08 and a 200 day moving average price of $358.22. The stock has a market cap of $47.03 billion, a PE ratio of 9.48, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data 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 period in the prior year, the company earned $7.07 earnings per share. Equities research analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Barclays boosted their target price on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. Royal Bank of Canada upped their target price on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. StockNews.com upgraded shares of Charter Communications from a “hold” rating to a “buy” rating in a research note on Tuesday. BNP Paribas reissued an “underperform” rating and issued a $290.00 price objective on shares of Charter Communications in a research report on Thursday, April 10th. Finally, Wells Fargo & Company decreased their price objective 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. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Charter Communications has a consensus rating of “Hold” and an average price target 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.