Charter Communications, Inc. (NASDAQ:CHTR) Shares Acquired by Schroder Investment Management Group

Schroder Investment Management Group boosted its position in Charter Communications, Inc. (NASDAQ:CHTR) by 99.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 93,771 shares of the company’s stock after acquiring an additional 46,671 shares during the quarter. Schroder Investment Management Group’s holdings in Charter Communications were worth $32,180,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its holdings in shares of Charter Communications by 4.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after purchasing an additional 148,003 shares during the period. Norges Bank acquired a new stake in Charter Communications during the 4th quarter worth approximately $1,032,236,000. Geode Capital Management LLC raised its holdings in Charter Communications by 0.6% in the third quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company’s stock valued at $785,744,000 after buying an additional 13,430 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Charter Communications by 130.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company’s stock valued at $369,566,000 after buying an additional 609,554 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Charter Communications by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 847,921 shares of the company’s stock worth $290,642,000 after buying an additional 23,225 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. StockNews.com lowered shares of Charter Communications from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. Barclays raised their price objective on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Citigroup assumed coverage on Charter Communications in a research report on Friday, March 14th. They issued a “buy” rating and a $425.00 target price for the company. Royal Bank of Canada raised their target price on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Finally, KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target for the company in a report on Thursday, December 12th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $393.18.

Charter Communications Stock Up 0.6 %

NASDAQ:CHTR opened at $370.91 on Wednesday. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market capitalization of $52.74 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27. The stock has a 50-day simple moving average of $360.45 and a 200 day simple moving average of $357.31.

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, beating analysts’ consensus estimates 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 business posted $7.07 earnings per share. Sell-side analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Charter Communications 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.