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

Brooklyn Investment Group lifted its holdings 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 institutional investor owned 671 shares of the company’s stock after buying an additional 37 shares during the period. Brooklyn Investment Group’s holdings in Charter Communications were worth $230,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of CHTR. Assenagon Asset Management S.A. raised its stake in 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 worth $80,941,000 after acquiring an additional 247,789 shares in the last quarter. FMR LLC increased its position in Charter Communications by 27.7% during the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company’s stock worth $345,128,000 after purchasing an additional 230,817 shares in the last quarter. Fernbridge Capital Management LP bought a new position in Charter Communications in the 3rd quarter valued at approximately $48,200,000. Franklin Resources Inc. boosted its position in 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 buying an additional 148,003 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Charter Communications during the third quarter worth $244,720,000. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Trading Up 1.4 %

NASDAQ:CHTR opened at $351.37 on Friday. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27. 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 price-to-earnings ratio of 11.00, a PEG ratio of 0.48 and a beta of 1.10. The firm has a fifty day simple moving average of $370.33 and a two-hundred day simple moving average of $349.10.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, beating the consensus estimate of $8.55 by $0.27. The company had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the business posted $8.25 EPS. Analysts expect that Charter Communications, Inc. will post 34.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CHTR has been the topic of a number of research reports. Pivotal Research boosted their price objective on 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 upped their price objective 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 boosted their target price on shares of Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a report on Monday, November 4th. JPMorgan Chase & Co. raised their price target on shares of Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Finally, BNP Paribas raised shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective on the stock in a research note on Tuesday, November 26th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Charter Communications currently has a consensus rating of “Hold” and an average target price of $383.89.

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.