Ritholtz Wealth Management Increases Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Ritholtz Wealth Management boosted its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 6.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,514 shares of the company’s stock after purchasing an additional 209 shares during the quarter. Ritholtz Wealth Management’s holdings in Charter Communications were worth $1,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of CHTR. Norges Bank purchased a new stake in Charter Communications in the fourth quarter valued at approximately $1,032,236,000. Price T Rowe Associates Inc. MD raised its stake in Charter Communications by 822.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company’s stock valued at $433,167,000 after purchasing an additional 1,126,783 shares in the last quarter. GAMMA Investing LLC raised its stake in Charter Communications by 43,296.0% in the first quarter. GAMMA Investing LLC now owns 857,938 shares of the company’s stock valued at $316,176,000 after purchasing an additional 855,961 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Charter Communications by 130.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company’s stock valued at $369,566,000 after acquiring an additional 609,554 shares during the last quarter. Finally, LSV Asset Management grew its position in Charter Communications by 8,343.1% during the fourth quarter. LSV Asset Management now owns 177,305 shares of the company’s stock valued at $60,775,000 after acquiring an additional 175,205 shares during the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Stock Performance

Shares of Charter Communications stock opened at $373.62 on Wednesday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.54. The firm has a market capitalization of $52.44 billion, a P/E ratio of 10.43, a P/E/G ratio of 0.41 and a beta of 1.07. The business has a fifty day simple moving average of $384.01 and a two-hundred day simple moving average of $367.99. Charter Communications, Inc. has a 12 month low of $277.10 and a 12 month high of $437.06.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, April 25th. The company reported $8.42 EPS for the quarter, missing the consensus estimate of $8.70 by ($0.28). The firm had revenue of $13.74 billion for the quarter, compared to analysts’ expectations of $13.67 billion. Charter Communications had a net margin of 9.42% and a return on equity of 27.70%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the business posted $7.55 EPS. On average, equities analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Citigroup increased their price target on shares of Charter Communications from $425.00 to $445.00 and gave the company a “buy” rating in a research report on Monday, April 28th. Royal Bank Of Canada increased their price objective on Charter Communications from $385.00 to $395.00 and gave the company a “sector perform” rating in a research note on Monday, April 28th. Wells Fargo & Company increased their price objective on Charter Communications from $380.00 to $400.00 and gave the company an “equal weight” rating in a research note on Monday, April 28th. Morgan Stanley increased their price objective on Charter Communications from $385.00 to $415.00 and gave the company an “equal weight” rating in a research note on Monday, April 28th. Finally, Raymond James Financial raised Charter Communications from an “underperform” rating to a “market perform” rating in a research note on Monday, May 19th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Charter Communications has an average rating of “Hold” and an average price target of $409.42.

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.