Hi Line Capital Management LLC Acquires New Position in Charter Communications, Inc. (NASDAQ:CHTR)

Hi Line Capital Management LLC purchased a new stake in Charter Communications, Inc. (NASDAQ:CHTR) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 19,045 shares of the company’s stock, valued at approximately $5,535,000. Charter Communications accounts for about 2.0% of Hi Line Capital Management LLC’s investment portfolio, making the stock its 18th largest holding.

Other institutional investors also recently modified their holdings of the company. Capital International Investors lifted its holdings in shares of Charter Communications by 6.6% in the fourth quarter. Capital International Investors now owns 6,873,200 shares of the company’s stock worth $2,671,608,000 after buying an additional 427,922 shares in the last quarter. Parnassus Investments LLC boosted its holdings in Charter Communications by 40.1% in the 4th quarter. Parnassus Investments LLC now owns 1,620,542 shares of the company’s stock valued at $629,872,000 after purchasing an additional 463,968 shares during the period. Putnam Investments LLC grew its position in shares of Charter Communications by 24.5% during the 4th quarter. Putnam Investments LLC now owns 1,233,243 shares of the company’s stock valued at $479,337,000 after purchasing an additional 242,448 shares in the last quarter. Morgan Stanley increased its holdings in shares of Charter Communications by 15.8% in the third quarter. Morgan Stanley now owns 1,186,738 shares of the company’s stock worth $521,952,000 after purchasing an additional 161,830 shares during the period. Finally, Norges Bank purchased a new stake in shares of Charter Communications in the fourth quarter worth $310,727,000. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Stock Down 1.6 %

Shares of Charter Communications stock traded down $4.70 during trading on Monday, hitting $294.26. The company’s stock had a trading volume of 523,366 shares, compared to its average volume of 1,456,201. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $458.30. The company has a market capitalization of $42.38 billion, a PE ratio of 9.46, a P/E/G ratio of 1.11 and a beta of 1.04. The company has a fifty day simple moving average of $274.69 and a two-hundred day simple moving average of $305.02. The company has a debt-to-equity ratio of 6.28, a quick ratio of 0.40 and a current ratio of 0.40.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, April 26th. The company reported $7.55 earnings per share for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The company had revenue of $13.68 billion for the quarter, compared to the consensus estimate of $13.75 billion. During the same period last year, the business earned $6.65 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. Equities research analysts predict that Charter Communications, Inc. will post 32.51 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on CHTR shares. Rosenblatt Securities lowered their price objective on shares of Charter Communications from $297.00 to $292.00 and set a “neutral” rating on the stock in a research report on Monday, April 29th. Loop Capital lowered their price target on Charter Communications from $335.00 to $285.00 and set a “hold” rating on the stock in a research report on Monday, April 29th. Citigroup cut their price objective on Charter Communications from $300.00 to $280.00 and set a “neutral” rating for the company in a report on Monday, April 29th. The Goldman Sachs Group began coverage on Charter Communications in a report on Monday. They set a “sell” rating and a $250.00 price objective on the stock. Finally, JPMorgan Chase & Co. cut their target price on Charter Communications from $370.00 to $335.00 and set a “neutral” rating for the company in a research note on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $343.13.

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.