Sora Investors LLC Purchases Shares of 46,714 Charter Communications, Inc. (NASDAQ:CHTR)

Sora Investors LLC purchased a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 46,714 shares of the company’s stock, valued at approximately $16,012,000. Charter Communications comprises about 1.8% of Sora Investors LLC’s portfolio, making the stock its 22nd largest position.

Several other hedge funds have also recently modified their holdings of CHTR. Norges Bank acquired a new position in Charter Communications during the 4th quarter valued at approximately $1,032,236,000. Price T Rowe Associates Inc. MD increased its position in shares of Charter Communications by 822.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company’s stock valued at $433,167,000 after acquiring an additional 1,126,783 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Charter Communications by 130.1% in the 4th 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 period. LSV Asset Management raised its stake in Charter Communications by 8,343.1% in the 4th quarter. LSV Asset Management now owns 177,305 shares of the company’s stock worth $60,775,000 after acquiring an additional 175,205 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position 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 and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Up 1.4%

CHTR opened at $419.57 on Friday. The company has a market cap of $58.89 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. Charter Communications, Inc. has a twelve month low of $266.06 and a twelve month high of $451.02. The company has a 50-day moving average price of $364.11 and a 200 day moving average price of $365.13. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, April 25th. The company reported $8.42 earnings per share 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 during the quarter, compared to analysts’ expectations of $13.67 billion. During the same quarter last year, the business earned $7.55 EPS. The business’s revenue was up .4% compared to the same quarter last year. Sell-side analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CHTR has been the subject of several research analyst reports. Morgan Stanley raised their price objective on Charter Communications from $385.00 to $415.00 and gave the stock an “equal weight” rating in a research note on Monday, April 28th. Loop Capital raised their price target on shares of Charter Communications from $385.00 to $430.00 and gave the stock a “hold” rating in a research report on Monday, April 28th. StockNews.com upgraded shares of Charter Communications from a “hold” rating to a “buy” rating in a research note on Thursday, May 1st. Royal Bank of Canada increased their price objective on shares of Charter Communications from $385.00 to $395.00 and gave the stock a “sector perform” rating in a research note on Monday, April 28th. Finally, BNP Paribas reissued an “underperform” rating and issued a $290.00 price target on shares of Charter Communications in a report on Thursday, April 10th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $399.35.

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.