Charter Communications, Inc. (NASDAQ:CHTR) Holdings Increased by Empirical Finance LLC

Empirical Finance LLC grew its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 3.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,074 shares of the company’s stock after buying an additional 120 shares during the quarter. Empirical Finance LLC’s holdings in Charter Communications were worth $1,184,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CHTR. Pzena Investment Management LLC grew its stake in shares of Charter Communications by 96.5% in the 1st quarter. Pzena Investment Management LLC now owns 2,848,459 shares of the company’s stock worth $827,848,000 after purchasing an additional 1,399,034 shares during the last quarter. Norges Bank acquired a new position in shares of Charter Communications in the 4th quarter worth approximately $310,727,000. Parnassus Investments LLC grew its stake in shares of Charter Communications by 40.1% in the 4th quarter. Parnassus Investments LLC now owns 1,620,542 shares of the company’s stock worth $629,872,000 after purchasing an additional 463,968 shares during the last quarter. Capital International Investors grew its stake in shares of Charter Communications by 6.6% in the 4th quarter. Capital International Investors now owns 6,873,200 shares of the company’s stock worth $2,671,608,000 after purchasing an additional 427,922 shares during the last quarter. Finally, Putnam Investments LLC grew its stake in shares of Charter Communications by 24.5% in the 4th quarter. Putnam Investments LLC now owns 1,233,243 shares of the company’s stock worth $479,337,000 after purchasing an additional 242,448 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Stock Up 2.3 %

NASDAQ CHTR traded up $6.90 during trading on Friday, reaching $311.04. The company’s stock had a trading volume of 1,137,000 shares, compared to its average volume of 1,437,644. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 6.28. The stock has a market capitalization of $44.80 billion, a PE ratio of 10.00, a PEG ratio of 1.27 and a beta of 1.04. The business has a 50-day moving average price of $281.48 and a 200-day moving average price of $300.83. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $458.30.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, April 26th. The company reported $7.55 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $13.75 billion. During the same quarter in the previous year, the firm posted $6.65 earnings per share. Charter Communications’s quarterly revenue was up .2% compared to the same quarter last year. On average, research analysts forecast that Charter Communications, Inc. will post 32.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CHTR. Citigroup downgraded shares of Charter Communications from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $280.00 to $255.00 in a research report on Wednesday, July 3rd. Barclays dropped their target price on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 2nd. Pivotal Research dropped their target price on shares of Charter Communications from $450.00 to $400.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Bank of America lowered their price objective on shares of Charter Communications from $315.00 to $300.00 and set a “neutral” rating on the stock in a research report on Monday, April 29th. Finally, Rosenblatt Securities lowered their price objective on shares of Charter Communications from $297.00 to $292.00 and set a “neutral” rating on the stock in a research report on Monday, April 29th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $341.47.

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.