Mackenzie Financial Corp Increases Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Mackenzie Financial Corp grew its position in Charter Communications, Inc. (NASDAQ:CHTR) by 14.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 47,854 shares of the company’s stock after buying an additional 5,979 shares during the period. Mackenzie Financial Corp’s holdings in Charter Communications were worth $18,600,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC raised its holdings in Charter Communications by 9.7% in the 3rd quarter. AQR Capital Management LLC now owns 14,782 shares of the company’s stock worth $6,501,000 after acquiring an additional 1,311 shares during the last quarter. River Road Asset Management LLC purchased a new stake in shares of Charter Communications during the third quarter valued at $29,948,000. Graham Capital Management L.P. increased its holdings in Charter Communications by 354.7% in the 3rd quarter. Graham Capital Management L.P. now owns 15,133 shares of the company’s stock worth $6,656,000 after buying an additional 11,805 shares in the last quarter. DigitalBridge Group Inc. purchased a new position in Charter Communications in the 3rd quarter worth about $16,411,000. Finally, Kinetic Partners Management LP raised its position in Charter Communications by 51.3% in the 3rd quarter. Kinetic Partners Management LP now owns 177,801 shares of the company’s stock worth $78,200,000 after buying an additional 60,300 shares during the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Up 0.7 %

Shares of NASDAQ:CHTR opened at $259.91 on Friday. Charter Communications, Inc. has a 12-month low of $254.31 and a 12-month high of $458.30. The company has a market cap of $37.75 billion, a PE ratio of 8.66, a price-to-earnings-growth ratio of 0.43 and a beta of 0.96. The stock has a 50 day moving average of $284.78 and a 200 day moving average of $355.31. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 6.51.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, February 2nd. The company reported $7.07 earnings per share for the quarter, missing analysts’ consensus estimates of $8.76 by ($1.69). The firm had revenue of $13.71 billion during the quarter, compared to the consensus estimate of $13.70 billion. Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $7.69 earnings per share. As a group, equities research analysts expect that Charter Communications, Inc. will post 32.58 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CHTR. UBS Group dropped their price target on shares of Charter Communications from $360.00 to $325.00 and set a “neutral” rating on the stock in a report on Thursday, March 28th. Sanford C. Bernstein upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 target price for the company in a research note on Monday, March 18th. Wells Fargo & Company dropped their price target on Charter Communications from $340.00 to $290.00 and set an “equal weight” rating on the stock in a research note on Friday, April 5th. Pivotal Research cut their price objective on Charter Communications from $500.00 to $450.00 and set a “buy” rating for the company in a report on Monday, February 5th. Finally, Bank of America lowered their target price on Charter Communications from $350.00 to $315.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. One equities 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’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $380.80.

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.