Carnegie Lake Advisors LLC Buys New Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Carnegie Lake Advisors LLC purchased a new stake in Charter Communications, Inc. (NASDAQ:CHTR) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 600 shares of the company’s stock, valued at approximately $206,000.

Several other hedge funds have also bought and sold shares of CHTR. Assenagon Asset Management S.A. increased its position in Charter Communications by 12,597.3% in the third quarter. Assenagon Asset Management S.A. now owns 249,756 shares of the company’s stock worth $80,941,000 after purchasing an additional 247,789 shares during the last quarter. FMR LLC increased its holdings in shares of Charter Communications by 27.7% in the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company’s stock worth $345,128,000 after buying an additional 230,817 shares during the last quarter. Fernbridge Capital Management LP purchased a new stake in shares of Charter Communications during the 3rd quarter valued at about $48,200,000. Franklin Resources Inc. grew its position in Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after acquiring an additional 148,003 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in Charter Communications during the third quarter worth approximately $244,720,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CHTR shares. Benchmark reiterated a “buy” rating and issued a $450.00 target price on shares of Charter Communications in a report on Friday, January 31st. Bank of America upgraded shares of Charter Communications from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $385.00 to $450.00 in a research report on Monday, November 4th. Barclays raised their target price on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target on the stock in a report on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Charter Communications currently has a consensus rating of “Hold” and a consensus price target of $384.42.

Charter Communications Stock Down 1.2 %

NASDAQ:CHTR opened at $343.73 on Tuesday. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.34. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27. The company has a 50-day moving average of $358.81 and a 200 day moving average of $354.11. The firm has a market cap of $48.88 billion, a PE ratio of 9.83, a price-to-earnings-growth ratio of 0.43 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping the consensus estimate of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same period in the previous year, the firm posted $7.07 earnings per share. As a group, research analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal 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.