Charter Communications, Inc. (NASDAQ:CHTR) Shares Bought by Pitcairn Co.

Pitcairn Co. lifted its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 9.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,427 shares of the company’s stock after acquiring an additional 126 shares during the period. Pitcairn Co.’s holdings in Charter Communications were worth $415,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Victory Capital Management Inc. increased its position in shares of Charter Communications by 2.9% in the fourth quarter. Victory Capital Management Inc. now owns 102,802 shares of the company’s stock worth $39,957,000 after acquiring an additional 2,940 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Charter Communications by 14.3% in the fourth quarter. Mackenzie Financial Corp now owns 47,854 shares of the company’s stock worth $18,600,000 after acquiring an additional 5,979 shares in the last quarter. Sands Capital Management LLC increased its position in shares of Charter Communications by 5.7% in the fourth quarter. Sands Capital Management LLC now owns 319,860 shares of the company’s stock worth $124,323,000 after acquiring an additional 17,112 shares in the last quarter. Oakcliff Capital Partners LP boosted its stake in shares of Charter Communications by 8.2% in the fourth quarter. Oakcliff Capital Partners LP now owns 38,474 shares of the company’s stock valued at $14,954,000 after purchasing an additional 2,900 shares during the period. Finally, LB Partners LLC purchased a new position in shares of Charter Communications in the fourth quarter valued at $3,887,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Performance

Shares of NASDAQ:CHTR traded up $2.57 on Thursday, reaching $315.23. 1,553,709 shares of the company’s stock were exchanged, compared to its average volume of 1,448,799. The firm has a market capitalization of $45.40 billion, a price-to-earnings ratio of 10.11, a PEG ratio of 1.43 and a beta of 1.04. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $458.30. The business’s 50-day moving average is $290.25 and its two-hundred day moving average is $296.09. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 6.28.

Charter Communications (NASDAQ:CHTR) last issued its earnings results 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 return on equity of 31.42% and a net margin of 8.50%. The business had revenue of $13.68 billion for the quarter, compared to analyst estimates of $13.75 billion. During the same period last year, the company posted $6.65 earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis. As a group, equities research analysts forecast that Charter Communications, Inc. will post 30.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Charter Communications in a research note on Monday, July 1st. They issued a “sell” rating and a $250.00 target price for the company. Wells Fargo & Company decreased their target price on shares of Charter Communications from $290.00 to $260.00 and set an “equal weight” rating for the company in a research note on Monday, April 29th. Loop Capital decreased their target price on shares of Charter Communications from $335.00 to $285.00 and set a “hold” rating for the company in a research note on Monday, April 29th. Bank of America decreased their target price on shares of Charter Communications from $315.00 to $300.00 and set a “neutral” rating for the company in a research note on Monday, April 29th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Charter Communications from $370.00 to $335.00 and set a “neutral” rating for the company in a research note on Monday, April 1st. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Charter Communications has an average rating of “Hold” and an average price target of $331.80.

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.