UniSuper Management Pty Ltd Grows Position in Charter Communications, Inc. (NASDAQ:CHTR)

UniSuper Management Pty Ltd grew its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 19.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,694 shares of the company’s stock after acquiring an additional 1,393 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Charter Communications were worth $2,980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Lind Value II ApS purchased a new position in Charter Communications in the fourth quarter worth $9,743,000. Oddo BHF Asset Management Sas purchased a new position in shares of Charter Communications in the 3rd quarter worth about $1,345,000. Worldquant Millennium Advisors LLC grew its position in Charter Communications by 193.8% during the third quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company’s stock valued at $12,993,000 after buying an additional 26,446 shares during the period. Caprock Group LLC increased its holdings in Charter Communications by 39.7% during the fourth quarter. Caprock Group LLC now owns 3,517 shares of the company’s stock worth $1,206,000 after buying an additional 999 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock valued at $1,052,868,000 after acquiring an additional 148,003 shares during the last quarter. Institutional investors own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Citigroup assumed coverage on shares of Charter Communications in a research note on Friday, March 14th. They set a “buy” rating and a $425.00 price target for the company. Benchmark reissued a “buy” rating and issued a $450.00 target price on shares of Charter Communications in a research report on Friday, January 31st. Royal Bank of Canada upped their price target on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. Barclays lifted their price objective on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. Finally, KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a report on Thursday, December 12th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Charter Communications presently has a consensus rating of “Hold” and a consensus target price of $393.18.

Charter Communications Trading Down 3.4 %

Charter Communications stock opened at $369.02 on Friday. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The stock has a market cap of $52.47 billion, a P/E ratio of 10.56, a PEG ratio of 0.44 and a beta of 1.13. The firm’s fifty day moving average price is $359.70 and its 200-day moving average price is $356.68.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping analysts’ consensus estimates 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 last year, the company posted $7.07 EPS. Equities research analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Charter Communications Company 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.