Kennondale Capital Management LLC Acquires Shares of 741 Charter Communications, Inc. (NASDAQ:CHTR)

Kennondale Capital Management LLC acquired a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 741 shares of the company’s stock, valued at approximately $254,000.

Other institutional investors have also added to or reduced their stakes in the company. Lind Value II ApS purchased a new stake in Charter Communications during the 4th quarter valued at approximately $9,743,000. Oddo BHF Asset Management Sas purchased a new stake in Charter Communications during the 3rd quarter valued at approximately $1,345,000. Worldquant Millennium Advisors LLC grew its holdings in shares of Charter Communications by 193.8% in the third quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company’s stock valued at $12,993,000 after purchasing an additional 26,446 shares in the last quarter. Caprock Group LLC increased its position in Charter Communications by 39.7% in the fourth quarter. Caprock Group LLC now owns 3,517 shares of the company’s stock worth $1,206,000 after purchasing an additional 999 shares during the last quarter. Finally, Franklin Resources Inc. increased 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 purchasing an additional 148,003 shares during the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CHTR. Citigroup began coverage on shares of Charter Communications in a research report on Friday. They issued a “buy” rating and a $425.00 price target on the stock. BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price target on the stock in a research report on Tuesday, November 26th. Barclays boosted their price target on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Royal Bank of Canada boosted their price target on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Finally, Benchmark restated a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a research report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $388.37.

Charter Communications Stock Up 0.7 %

Shares of CHTR opened at $354.08 on Tuesday. The firm has a market capitalization of $50.35 billion, a P/E ratio of 10.13, a P/E/G ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The firm has a fifty day moving average price of $355.69 and a 200-day moving average price of $354.73.

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