Charles Schwab Investment Management Inc. Acquires 23,225 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Charles Schwab Investment Management Inc. raised its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 2.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 847,921 shares of the company’s stock after buying an additional 23,225 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Charter Communications were worth $290,642,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lind Value II ApS bought a new position in shares of Charter Communications in the fourth quarter worth about $9,743,000. Oddo BHF Asset Management Sas purchased a new stake in Charter Communications in the 3rd quarter valued at about $1,345,000. Worldquant Millennium Advisors LLC boosted its position in Charter Communications by 193.8% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company’s stock valued at $12,993,000 after buying an additional 26,446 shares during the period. Caprock Group LLC grew its stake in Charter Communications by 39.7% in the 4th quarter. Caprock Group LLC now owns 3,517 shares of the company’s stock worth $1,206,000 after acquiring an additional 999 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Charter Communications by 4.9% during the third 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 during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Up 2.7 %

Charter Communications stock opened at $378.42 on Thursday. The business has a fifty day moving average price of $353.56 and a 200-day moving average price of $354.12. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27. The stock has a market capitalization of $53.81 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 0.44 and a beta of 1.13. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping 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 firm earned $7.07 earnings per share. Equities research analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CHTR. Royal Bank of Canada boosted their price target on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price for the company in a report on Thursday, December 12th. Benchmark restated a “buy” rating and set a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. BNP Paribas raised shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective for the company in a research note on Tuesday, November 26th. Finally, Barclays increased their target price on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Charter Communications presently has an average rating of “Hold” and a consensus price target of $384.42.

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.