Senator Investment Group LP Makes New Investment in Charter Communications, Inc. (NASDAQ:CHTR)

Senator Investment Group LP acquired a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 142,792 shares of the company’s stock, valued at approximately $48,945,000. Charter Communications comprises about 1.4% of Senator Investment Group LP’s portfolio, making the stock its 22nd largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Tower Research Capital LLC TRC raised its holdings in shares of Charter Communications by 153.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,400 shares of the company’s stock worth $4,250,000 after acquiring an additional 7,511 shares in the last quarter. MYDA Advisors LLC grew its holdings in Charter Communications by 15.4% in the 4th quarter. MYDA Advisors LLC now owns 30,000 shares of the company’s stock valued at $10,283,000 after buying an additional 4,000 shares during the last quarter. MetLife Investment Management LLC raised its stake in Charter Communications by 1.4% during the 4th quarter. MetLife Investment Management LLC now owns 25,542 shares of the company’s stock valued at $8,755,000 after purchasing an additional 360 shares during the last quarter. Norinchukin Bank The raised its position in shares of Charter Communications by 7.8% during the fourth quarter. Norinchukin Bank The now owns 5,710 shares of the company’s stock valued at $1,957,000 after buying an additional 412 shares during the last quarter. Finally, Ossiam lifted its position in shares of Charter Communications by 20.6% in the 4th quarter. Ossiam now owns 2,995 shares of the company’s stock worth $1,027,000 after acquiring an additional 512 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Up 1.9 %

CHTR opened at $338.96 on Monday. The stock has a market cap of $48.11 billion, a PE ratio of 9.70, a P/E/G 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. The business’s fifty day simple moving average is $357.31 and its 200 day simple moving average is $358.43.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) 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 quarter in the previous year, the firm earned $7.07 EPS. As a group, research analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CHTR has been the topic of several analyst reports. Royal Bank of Canada upped their price objective on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. StockNews.com downgraded shares of Charter Communications from a “buy” rating to a “hold” rating in a research note on Saturday, April 12th. Benchmark reaffirmed a “buy” rating and set a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. Wells Fargo & Company lowered their target price on shares of Charter Communications from $400.00 to $380.00 and set an “equal weight” rating for the company in a report on Monday, April 14th. Finally, BNP Paribas reaffirmed an “underperform” rating and issued a $290.00 price target on shares of Charter Communications in a research note on Thursday, April 10th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Charter Communications has a consensus 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.