Worldquant Millennium Advisors LLC Boosts Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Worldquant Millennium Advisors LLC lifted its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 65.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 66,146 shares of the company’s stock after purchasing an additional 26,054 shares during the quarter. Worldquant Millennium Advisors LLC’s holdings in Charter Communications were worth $22,673,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of CHTR. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Charter Communications by 22.4% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,203 shares of the company’s stock valued at $412,000 after buying an additional 220 shares in the last quarter. HB Wealth Management LLC boosted its stake in shares of Charter Communications by 8.2% in the fourth quarter. HB Wealth Management LLC now owns 1,660 shares of the company’s stock valued at $569,000 after buying an additional 126 shares in the last quarter. Aaron Wealth Advisors LLC purchased a new stake in shares of Charter Communications in the fourth quarter valued at approximately $230,000. Atomi Financial Group Inc. boosted its stake in shares of Charter Communications by 21.2% in the fourth quarter. Atomi Financial Group Inc. now owns 1,033 shares of the company’s stock valued at $354,000 after buying an additional 181 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of 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 buying an additional 4,813 shares in the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CHTR. Wells Fargo & Company boosted their target price on Charter Communications from $380.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Monday, April 28th. Oppenheimer upgraded Charter Communications from a “market perform” rating to an “outperform” rating and set a $500.00 target price on the stock in a research report on Friday, May 16th. Royal Bank of Canada boosted their target price on Charter Communications from $385.00 to $395.00 and gave the stock a “sector perform” rating in a research report on Monday, April 28th. Citigroup boosted their target price on Charter Communications from $425.00 to $445.00 and gave the stock a “buy” rating in a research report on Monday, April 28th. Finally, Loop Capital upgraded Charter Communications from a “hold” rating to a “buy” rating and boosted their target price for the stock from $430.00 to $510.00 in a research report on Monday. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $409.39.

Charter Communications Stock Performance

NASDAQ CHTR opened at $423.49 on Wednesday. Charter Communications, Inc. has a fifty-two week low of $266.06 and a fifty-two week high of $437.06. The stock has a market cap of $59.44 billion, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. The business has a fifty day moving average of $368.48 and a 200-day moving average of $367.09. 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 EPS for the quarter, missing the consensus estimate of $8.70 by ($0.28). The business had revenue of $13.74 billion during the quarter, compared to analyst estimates of $13.67 billion. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $7.55 earnings per share. As a group, analysts predict that Charter Communications, Inc. will post 38.16 earnings per share 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.