Charter Communications, Inc. (NASDAQ:CHTR) Shares Purchased by Clearbridge Investments LLC

Clearbridge Investments LLC boosted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 11.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 8,301 shares of the company’s stock after acquiring an additional 873 shares during the quarter. Clearbridge Investments LLC’s holdings in Charter Communications were worth $2,845,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avior Wealth Management LLC raised its stake in shares of Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after purchasing an additional 45 shares during the last quarter. Sierra Ocean LLC purchased a new position in Charter Communications during the 4th quarter worth approximately $32,000. Generali Asset Management SPA SGR acquired a new stake in Charter Communications during the 4th quarter valued at approximately $36,000. Brown Brothers Harriman & Co. boosted its holdings in shares of Charter Communications by 37.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock valued at $36,000 after acquiring an additional 29 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new stake in shares of Charter Communications in the fourth quarter worth $45,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Citigroup initiated coverage on shares of Charter Communications in a research report on Friday, March 14th. They set a “buy” rating and a $425.00 target price for the company. StockNews.com downgraded Charter Communications from a “buy” rating to a “hold” rating in a research note on Friday. 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 research report on Thursday, December 12th. Benchmark restated a “buy” rating and issued a $450.00 price objective on shares of Charter Communications in a research report on Friday, January 31st. Finally, Royal Bank of Canada lifted their target price on shares of Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Charter Communications has a consensus rating of “Hold” and an average price target of $393.18.

Charter Communications Trading Down 2.9 %

CHTR stock opened at $368.40 on Friday. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. The business’s 50-day moving average is $361.15 and its 200 day moving average is $357.53. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The stock has a market cap of $52.29 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 0.44 and a beta of 1.12.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, topping 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 last year, the firm earned $7.07 EPS. On average, sell-side analysts anticipate 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.