Arrowstreet Capital Limited Partnership Buys 609,554 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Arrowstreet Capital Limited Partnership increased its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 130.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,078,175 shares of the company’s stock after acquiring an additional 609,554 shares during the period. Arrowstreet Capital Limited Partnership owned 0.76% of Charter Communications worth $369,566,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Allstate Corp bought a new position in shares of Charter Communications in the fourth quarter valued at approximately $941,000. Brown Brothers Harriman & Co. raised its holdings in Charter Communications by 37.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock worth $36,000 after acquiring an additional 29 shares during the period. DnB Asset Management AS lifted its position in Charter Communications by 3.9% during the 4th quarter. DnB Asset Management AS now owns 17,369 shares of the company’s stock worth $5,954,000 after acquiring an additional 644 shares during the last quarter. Pictet Asset Management Holding SA grew its position in shares of Charter Communications by 14.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 56,669 shares of the company’s stock valued at $19,424,000 after purchasing an additional 7,043 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Charter Communications during the 4th quarter worth about $593,000. 81.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on CHTR. Barclays raised their target price on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price for the company in a research note on Thursday, December 12th. Citigroup began coverage on shares of Charter Communications in a research report on Friday, March 14th. They issued a “buy” rating and a $425.00 price target on the stock. StockNews.com lowered shares of Charter Communications from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Benchmark restated a “buy” rating and set a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, Charter Communications presently has a consensus rating of “Hold” and a consensus price target of $393.18.

Charter Communications Trading Down 3.4 %

Shares of CHTR opened at $369.02 on Friday. The stock has a fifty day moving average price of $359.70 and a two-hundred day moving average price of $356.68. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market cap of $52.47 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, February 7th. The company reported $10.10 EPS for the quarter, topping 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 posted $7.07 EPS. Analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current fiscal 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.