Pitcairn Co. Has $638,000 Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Pitcairn Co. lifted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 50.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,862 shares of the company’s stock after acquiring an additional 621 shares during the period. Pitcairn Co.’s holdings in Charter Communications were worth $638,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in CHTR. Lind Value II ApS bought a new stake in Charter Communications during the fourth quarter worth $9,743,000. Oddo BHF Asset Management Sas acquired a new stake in Charter Communications in the third quarter valued at about $1,345,000. Worldquant Millennium Advisors LLC grew its position in Charter Communications by 193.8% in the third quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company’s stock valued at $12,993,000 after acquiring an additional 26,446 shares during the last quarter. Caprock Group LLC raised its stake in Charter Communications by 39.7% during the fourth quarter. Caprock Group LLC now owns 3,517 shares of the company’s stock worth $1,206,000 after acquiring an additional 999 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings 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 worth $1,052,868,000 after acquiring an additional 148,003 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

CHTR has been the subject of a number of research analyst reports. Royal Bank of Canada upped their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. StockNews.com downgraded shares of Charter Communications from a “buy” rating to a “hold” rating in a report on Friday. KeyCorp raised Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a report on Thursday, December 12th. Citigroup initiated coverage on Charter Communications in a research report on Friday, March 14th. They issued a “buy” rating and a $425.00 target price for the company. Finally, Benchmark restated a “buy” rating and set a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $393.18.

Charter Communications Trading Down 8.2 %

NASDAQ CHTR opened at $338.29 on Friday. The stock has a market capitalization of $48.02 billion, a P/E ratio of 9.68, a P/E/G ratio of 0.44 and a beta of 1.12. The business has a 50 day simple moving average of $360.56 and a 200 day simple moving average of $357.50. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, February 7th. The company reported $10.10 EPS for the quarter, topping 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 quarter in the prior year, the business posted $7.07 earnings per share. Research 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.