Victory Capital Management Inc. Raises Position in Charter Communications, Inc. (NASDAQ:CHTR)

Victory Capital Management Inc. increased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,802 shares of the company’s stock after purchasing an additional 2,940 shares during the period. Victory Capital Management Inc. owned 0.07% of Charter Communications worth $39,957,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CHTR. Parnassus Investments LLC acquired a new position in shares of Charter Communications during the 3rd quarter valued at about $508,684,000. Pzena Investment Management LLC boosted its holdings in shares of Charter Communications by 21.0% in the 3rd quarter. Pzena Investment Management LLC now owns 1,459,148 shares of the company’s stock valued at $641,762,000 after purchasing an additional 253,324 shares during the last quarter. Allen Investment Management LLC lifted its position in Charter Communications by 25.4% during the third quarter. Allen Investment Management LLC now owns 873,714 shares of the company’s stock valued at $384,277,000 after buying an additional 177,224 shares in the last quarter. Morgan Stanley grew its stake in Charter Communications by 15.8% during the third quarter. Morgan Stanley now owns 1,186,738 shares of the company’s stock worth $521,952,000 after buying an additional 161,830 shares during the period. Finally, Quadrature Capital Ltd increased its position in shares of Charter Communications by 671.5% in the third quarter. Quadrature Capital Ltd now owns 140,296 shares of the company’s stock worth $61,755,000 after acquiring an additional 122,110 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Stock Up 2.1 %

CHTR stock opened at $271.47 on Tuesday. The stock has a market capitalization of $39.10 billion, a price-to-earnings ratio of 8.78, a price-to-earnings-growth ratio of 1.07 and a beta of 0.97. The company has a 50-day moving average of $277.36 and a two-hundred day moving average of $338.90. The company has a debt-to-equity ratio of 6.28, a current ratio of 0.40 and a quick ratio of 0.40. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $458.30.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, April 26th. The company reported $7.55 EPS for the quarter, missing the consensus estimate of $7.78 by ($0.23). Charter Communications had a return on equity of 31.42% and a net margin of 8.50%. The firm had revenue of $13.68 billion during the quarter, compared to the consensus estimate of $13.75 billion. During the same period last year, the business earned $6.65 earnings per share. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities research analysts anticipate that Charter Communications, Inc. will post 32.02 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CHTR. Benchmark decreased their price target on shares of Charter Communications from $490.00 to $440.00 and set a “buy” rating for the company in a research report on Monday, February 5th. JPMorgan Chase & Co. lowered their target price on Charter Communications from $370.00 to $335.00 and set a “neutral” rating for the company in a research note on Monday, April 1st. Pivotal Research decreased their price objective on shares of Charter Communications from $450.00 to $400.00 and set a “buy” rating for the company in a report on Monday, April 29th. Wells Fargo & Company dropped their target price on shares of Charter Communications from $290.00 to $260.00 and set an “equal weight” rating on the stock in a report on Monday, April 29th. Finally, Citigroup decreased their price target on shares of Charter Communications from $300.00 to $280.00 and set a “neutral” rating for the company in a report on Monday, April 29th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $356.47.

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.