First Pacific Advisors LP Buys 3,490 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

First Pacific Advisors LP lifted its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 614,122 shares of the company’s stock after acquiring an additional 3,490 shares during the quarter. Charter Communications makes up approximately 3.0% of First Pacific Advisors LP’s investment portfolio, making the stock its 13th largest position. First Pacific Advisors LP owned approximately 0.43% of Charter Communications worth $210,503,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Ashton Thomas Securities LLC acquired a new position in shares of Charter Communications during the 3rd quarter worth approximately $28,000. Avior Wealth Management LLC boosted its position in Charter Communications by 104.7% during the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after purchasing an additional 45 shares during the period. Sierra Ocean LLC acquired a new position in shares of Charter Communications in the fourth quarter valued at $32,000. Wingate Wealth Advisors Inc. bought a new position in shares of Charter Communications in the fourth quarter valued at about $45,000. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Charter Communications during the 4th quarter worth about $55,000. Institutional investors own 81.76% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on CHTR. KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a research report on Thursday, December 12th. Barclays lifted their price target on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. BNP Paribas upgraded Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price target for the company in a research note on Tuesday, November 26th. Benchmark reiterated a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a research report on Friday, January 31st. Finally, Royal Bank of Canada boosted their target price on shares of Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $384.42.

Charter Communications Stock Performance

Charter Communications stock opened at $379.52 on Monday. The stock has a market cap of $53.97 billion, a PE ratio of 10.86, a P/E/G ratio of 0.44 and a beta of 1.13. 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, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. The business’s 50-day moving average price is $354.80 and its two-hundred day moving average price is $354.61.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the company earned $7.07 EPS. As a group, analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

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.