Russell Investments Group Ltd. Purchases 49,647 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Russell Investments Group Ltd. lifted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 45.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 159,775 shares of the company’s stock after purchasing an additional 49,647 shares during the period. Russell Investments Group Ltd. owned 0.11% of Charter Communications worth $54,770,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Captrust Financial Advisors lifted its holdings in shares of Charter Communications by 7.3% during the third quarter. Captrust Financial Advisors now owns 1,240 shares of the company’s stock worth $402,000 after buying an additional 84 shares in the last quarter. HighTower Advisors LLC raised its stake in Charter Communications by 279.3% in the 3rd quarter. HighTower Advisors LLC now owns 24,109 shares of the company’s stock worth $7,809,000 after purchasing an additional 37,554 shares in the last quarter. IHT Wealth Management LLC bought a new stake in Charter Communications in the 3rd quarter valued at about $348,000. Quantinno Capital Management LP grew its position in shares of Charter Communications by 19.6% during the 3rd quarter. Quantinno Capital Management LP now owns 13,589 shares of the company’s stock worth $4,404,000 after purchasing an additional 2,230 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC increased its holdings in shares of Charter Communications by 193.8% during the third quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company’s stock worth $12,993,000 after purchasing an additional 26,446 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CHTR. StockNews.com downgraded Charter Communications from a “buy” rating to a “hold” rating in a research report on Friday. 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. Citigroup started coverage on shares of Charter Communications in a research report on Friday, March 14th. They set a “buy” rating and a $425.00 price objective for the company. Barclays raised their target price on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. 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 equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Charter Communications presently has an average rating of “Hold” and an average target price of $393.18.

Charter Communications Stock Performance

Charter Communications stock opened at $338.29 on Monday. The business has a 50 day moving average of $360.56 and a 200-day moving average of $357.75. The company has a market capitalization of $48.02 billion, a P/E ratio of 9.68, a P/E/G ratio of 0.44 and a beta of 1.12. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the previous year, the company posted $7.07 earnings per share. On average, equities research analysts predict 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.