Farringdon Capital Ltd. Makes New $857,000 Investment in Charter Communications, Inc. (NASDAQ:CHTR)

Farringdon Capital Ltd. purchased a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,499 shares of the company’s stock, valued at approximately $857,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Franklin Resources Inc. grew its position in Charter Communications by 4.9% during 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 during the period. Norges Bank bought a new stake in shares of Charter Communications during the 4th quarter valued at $1,032,236,000. Geode Capital Management LLC increased its stake in shares of Charter Communications by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 2,477,276 shares of the company’s stock worth $847,087,000 after purchasing an additional 45,045 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Charter Communications by 130.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company’s stock worth $369,566,000 after purchasing an additional 609,554 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position 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 valued at $290,642,000 after purchasing an additional 23,225 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

NASDAQ:CHTR opened at $332.50 on Thursday. The company has a market cap of $47.20 billion, a price-to-earnings ratio of 9.51, a PEG ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The stock’s 50 day simple moving average is $357.64 and its two-hundred day simple moving average is $357.81. 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 announced 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 net margin of 9.23% and a return on equity of 29.01%. During the same period in the previous year, the firm earned $7.07 EPS. As a group, equities analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on CHTR shares. 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. StockNews.com cut shares of Charter Communications from a “buy” rating to a “hold” rating in a research note on Saturday, April 12th. Royal Bank of Canada upped their price target on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Citigroup began coverage on shares of Charter Communications in a research report on Friday, March 14th. They set a “buy” rating and a $425.00 price objective on the stock. Finally, BNP Paribas reaffirmed an “underperform” rating and issued a $290.00 target price on shares of Charter Communications in a report on Thursday, April 10th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $387.88.

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.