Harvest Fund Management Co. Ltd Purchases 1,794 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Harvest Fund Management Co. Ltd lifted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 27.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,369 shares of the company’s stock after buying an additional 1,794 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Charter Communications were worth $2,869,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lind Value II ApS bought a new position in shares of Charter Communications during the 4th quarter worth $9,743,000. Oddo BHF Asset Management Sas bought a new position in shares of Charter Communications during the 3rd quarter worth $1,345,000. Worldquant Millennium Advisors LLC lifted its stake in shares of Charter Communications by 193.8% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company’s stock worth $12,993,000 after purchasing an additional 26,446 shares during the last quarter. Caprock Group LLC lifted its stake in shares of Charter Communications by 39.7% during the 4th quarter. Caprock Group LLC now owns 3,517 shares of the company’s stock worth $1,206,000 after purchasing an additional 999 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Charter Communications by 4.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after purchasing an additional 148,003 shares during the last quarter. Institutional investors own 81.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CHTR shares. Citigroup started coverage on Charter Communications in a research note on Friday, March 14th. They set a “buy” rating and a $425.00 price objective for the company. Benchmark restated a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a research note on Friday, January 31st. BNP Paribas upgraded Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective for the company in a research note on Tuesday, November 26th. StockNews.com upgraded Charter Communications from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Royal Bank of Canada upped their price objective on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $389.39.

Charter Communications Stock Down 0.4 %

Shares of CHTR stock opened at $353.02 on Thursday. The stock’s 50-day simple moving average is $355.90 and its 200-day simple moving average is $354.77. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market capitalization of $50.20 billion, a PE ratio of 10.10, a P/E/G ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating 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. Equities analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

About Charter Communications

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.