Quantinno Capital Management LP Increases Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Quantinno Capital Management LP raised its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 29.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 17,657 shares of the company’s stock after buying an additional 4,068 shares during the quarter. Quantinno Capital Management LP’s holdings in Charter Communications were worth $6,052,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Avior Wealth Management LLC raised its stake in Charter Communications by 104.7% during the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after buying an additional 45 shares during the last quarter. Sierra Ocean LLC purchased a new stake in shares of Charter Communications in the 4th quarter worth $32,000. Generali Asset Management SPA SGR purchased a new stake in shares of Charter Communications in the 4th quarter worth $36,000. Brown Brothers Harriman & Co. increased its stake in shares of 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 purchasing an additional 29 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. purchased a new stake in shares of Charter Communications in the 4th quarter worth $45,000. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CHTR shares. BNP Paribas restated an “underperform” rating and issued a $290.00 price objective on shares of Charter Communications in a research note on Thursday, April 10th. Wells Fargo & Company upped their price objective on Charter Communications from $380.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Monday, April 28th. Loop Capital upped their price objective on Charter Communications from $385.00 to $430.00 and gave the stock a “hold” rating in a research note on Monday, April 28th. Oppenheimer raised shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $500.00 target price for the company in a report on Friday. Finally, StockNews.com upgraded shares of Charter Communications from a “hold” rating to a “buy” rating in a research report on Thursday, May 1st. Five analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $404.94.

Charter Communications Price Performance

CHTR stock opened at $427.25 on Friday. Charter Communications, Inc. has a 52 week low of $266.06 and a 52 week high of $437.06. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The company has a fifty day simple moving average of $365.54 and a two-hundred day simple moving average of $365.82. The firm has a market capitalization of $59.97 billion, a P/E ratio of 12.22, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.70 by ($0.28). The firm had revenue of $13.74 billion during the quarter, compared to the consensus estimate of $13.67 billion. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. Charter Communications’s revenue was up .4% compared to the same quarter last year. During the same quarter last year, the business posted $7.55 EPS. Analysts anticipate 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.