20,171 Shares in Charter Communications, Inc. (NASDAQ:CHTR) Acquired by Long Path Partners LP

Long Path Partners LP acquired a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 20,171 shares of the company’s stock, valued at approximately $6,914,000. Charter Communications accounts for approximately 2.2% of Long Path Partners LP’s portfolio, making the stock its 9th largest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHTR. Franklin Resources Inc. increased its stake in shares of Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock valued at $1,052,868,000 after buying an additional 148,003 shares during the period. Norges Bank acquired a new stake in shares of Charter Communications in the fourth quarter valued at about $1,032,236,000. Geode Capital Management LLC raised its position in shares of Charter Communications by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 2,477,276 shares of the company’s stock worth $847,087,000 after acquiring an additional 45,045 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Charter Communications by 130.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company’s stock worth $369,566,000 after acquiring an additional 609,554 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Charter Communications by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 847,921 shares of the company’s stock valued at $290,642,000 after acquiring an additional 23,225 shares during the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Price Performance

CHTR stock opened at $379.27 on Thursday. 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 firm’s 50-day moving average price is $360.98 and its two-hundred day moving average price is $357.46. The stock has a market capitalization of $53.84 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 0.44 and a beta of 1.12. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating the consensus estimate of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same period in the previous year, the company earned $7.07 EPS. As a group, equities analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

CHTR has been the subject of a number of analyst reports. StockNews.com downgraded shares of Charter Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th. Benchmark restated a “buy” rating and set a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. Barclays boosted their target price on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a report on Thursday, December 12th. Finally, Royal Bank of Canada lifted their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $393.18.

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.