Meadow Creek Wealth Advisors LLC Takes Position in Charter Communications, Inc. (NASDAQ:CHTR)

Meadow Creek Wealth Advisors LLC purchased a new stake in Charter Communications, Inc. (NASDAQ:CHTR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 607 shares of the company’s stock, valued at approximately $208,000.

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

Charter Communications Price Performance

NASDAQ:CHTR opened at $345.05 on Thursday. The company has a quick ratio of 0.34, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The company has a market capitalization of $49.07 billion, a P/E ratio of 9.87, a P/E/G ratio of 0.46 and a beta of 1.11. The stock’s fifty day moving average is $361.42 and its two-hundred day moving average is $353.40. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same period in the previous year, the firm posted $7.07 earnings per share. Equities analysts expect that Charter Communications, Inc. will post 36.73 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on CHTR. Deutsche Bank Aktiengesellschaft boosted their target price on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Wells Fargo & Company increased their price target on shares of Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Pivotal Research lifted their price target on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. increased their price objective on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Finally, Benchmark reaffirmed a “buy” rating and issued a $450.00 price objective on shares of Charter Communications in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Charter Communications currently has a consensus rating of “Hold” and an average price target of $384.42.

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.