Susquehanna Fundamental Investments LLC Purchases Shares of 47,306 Charter Communications, Inc. (NASDAQ:CHTR)

Susquehanna Fundamental Investments LLC bought a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the 4th quarter, Holdings Channel reports. The institutional investor bought 47,306 shares of the company’s stock, valued at approximately $16,215,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Avior Wealth Management LLC increased its stake in Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after purchasing an additional 45 shares during the last quarter. Sierra Ocean LLC purchased a new stake in Charter Communications in the fourth quarter valued at $32,000. Generali Asset Management SPA SGR acquired a new position in Charter Communications in the fourth quarter valued at $36,000. Brown Brothers Harriman & Co. grew its holdings in shares of Charter Communications by 37.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock worth $36,000 after purchasing an additional 29 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new stake in shares of Charter Communications during the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

CHTR has been the topic of a number of research reports. Wells Fargo & Company dropped their price target on Charter Communications from $400.00 to $380.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. StockNews.com upgraded shares of Charter Communications from a “hold” rating to a “buy” rating in a research report on Tuesday, April 22nd. Barclays upped their price target on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Citigroup started coverage on shares of Charter Communications in a research note on Friday, March 14th. They issued a “buy” rating and a $425.00 price objective on the stock. Finally, Royal Bank of Canada increased their target price on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $387.88.

Charter Communications Price Performance

Charter Communications stock opened at $373.65 on Friday. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. Charter Communications, Inc. has a one year low of $252.93 and a one year high of $415.27. The company has a market cap of $53.04 billion, a P/E ratio of 10.69, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. The business has a fifty day moving average of $355.36 and a two-hundred day moving average of $358.64.

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). Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. The company had revenue of $13.74 billion during the quarter, compared to analyst estimates of $13.67 billion. During the same quarter last year, the business earned $7.55 EPS. As a group, analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal 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.