NorthRock Partners LLC Grows Stake in Charter Communications, Inc. (NASDAQ:CHTR)

NorthRock Partners LLC lifted its position in Charter Communications, Inc. (NASDAQ:CHTR) by 117.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,941 shares of the company’s stock after acquiring an additional 1,049 shares during the quarter. NorthRock Partners LLC’s holdings in Charter Communications were worth $665,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CHTR. Caprock Group LLC grew its position in shares of Charter Communications by 39.7% in the 4th quarter. Caprock Group LLC now owns 3,517 shares of the company’s stock worth $1,206,000 after buying an additional 999 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Charter Communications by 17.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 32,478 shares of the company’s stock valued at $11,132,000 after acquiring an additional 4,813 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in Charter Communications by 213.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 26,344 shares of the company’s stock worth $9,030,000 after purchasing an additional 17,952 shares during the last quarter. Kathmere Capital Management LLC acquired a new position in shares of Charter Communications during the fourth quarter worth $289,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Charter Communications by 0.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 251,526 shares of the company’s stock valued at $86,216,000 after purchasing an additional 1,770 shares during the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Wells Fargo & Company upped their target price on Charter Communications from $380.00 to $400.00 and gave the company an “equal weight” rating in a research report on Monday, April 28th. Loop Capital raised their price target on Charter Communications from $385.00 to $430.00 and gave the stock a “hold” rating in a report on Monday, April 28th. Benchmark restated a “buy” rating and set a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. Citigroup increased their price objective 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. Finally, Royal Bank of Canada boosted their target price on shares of Charter Communications from $385.00 to $395.00 and gave the stock a “sector perform” rating in a research report on Monday, April 28th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given 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 $399.35.

Charter Communications Price Performance

NASDAQ:CHTR opened at $419.57 on Friday. The firm has a market cap of $58.89 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 0.44 and a beta of 1.11. Charter Communications, Inc. has a one year low of $266.06 and a one year high of $426.17. The firm’s fifty day moving average is $364.11 and its two-hundred day moving average is $365.13. 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 (NASDAQ:CHTR) last released its quarterly earnings results 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 firm had revenue of $13.74 billion for the quarter, compared to analyst estimates of $13.67 billion. During the same quarter in the prior year, the business posted $7.55 EPS. The firm’s quarterly revenue was up .4% compared to the same quarter last year. Research analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current year.

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.