Charter Communications, Inc. (NASDAQ:CHTR) Shares Acquired by Makaira Partners LLC

Makaira Partners LLC increased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 373,191 shares of the company’s stock after purchasing an additional 14,510 shares during the period. Charter Communications makes up about 20.0% of Makaira Partners LLC’s portfolio, making the stock its biggest holding. Makaira Partners LLC owned approximately 0.26% of Charter Communications worth $127,919,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Charter Communications during the 4th quarter worth $1,032,236,000. Geode Capital Management LLC increased its stake in Charter Communications by 1.9% during the 4th 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 period. Price T Rowe Associates Inc. MD increased its stake in Charter Communications by 822.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company’s stock worth $433,167,000 after acquiring an additional 1,126,783 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Charter Communications by 130.1% during the 4th 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, Dimensional Fund Advisors LP increased its stake in Charter Communications by 21.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 900,849 shares of the company’s stock worth $308,795,000 after acquiring an additional 161,547 shares during the period. Institutional investors own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Raymond James upgraded Charter Communications from an “underperform” rating to a “market perform” rating in a research note on Monday, May 19th. Loop Capital upgraded Charter Communications from a “hold” rating to a “buy” rating and raised their price objective for the stock from $430.00 to $510.00 in a research note on Monday, May 19th. BNP Paribas restated an “underperform” rating and set a $290.00 price objective on shares of Charter Communications in a research note on Thursday, April 10th. Oppenheimer upgraded Charter Communications from a “market perform” rating to an “outperform” rating and set a $500.00 price target on the stock in a research note on Friday, May 16th. Finally, Citigroup lifted their price target on Charter Communications from $425.00 to $445.00 and gave the company a “buy” rating in a research note on Monday, April 28th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Charter Communications currently has a consensus rating of “Hold” and a consensus target price of $409.39.

Charter Communications Trading Down 0.9%

Shares of CHTR stock opened at $406.36 on Monday. The firm has a market capitalization of $57.04 billion, a P/E ratio of 11.62, a P/E/G ratio of 0.44 and a beta of 1.11. Charter Communications, Inc. has a twelve month low of $268.14 and a twelve month high of $437.06. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The stock’s fifty day simple moving average is $371.91 and its 200 day simple moving average is $367.37.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, April 25th. The company reported $8.42 earnings per share for the quarter, missing analysts’ consensus estimates of $8.70 by ($0.28). The firm had revenue of $13.74 billion for the quarter, compared to the consensus estimate of $13.67 billion. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. The company’s revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $7.55 EPS. As a group, sell-side analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

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.