Quantbot Technologies LP Has $5.84 Million Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Quantbot Technologies LP lifted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 8.0% during the fourth quarter, HoldingsChannel reports. The firm owned 17,024 shares of the company’s stock after acquiring an additional 1,261 shares during the quarter. Quantbot Technologies LP’s holdings in Charter Communications were worth $5,835,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CHTR. Ashton Thomas Securities LLC bought a new stake in shares of Charter Communications during the 3rd quarter worth approximately $28,000. Avior Wealth Management LLC raised its stake in Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after acquiring an additional 45 shares during the period. Sierra Ocean LLC bought a new stake in Charter Communications in the 4th quarter valued at $32,000. Generali Asset Management SPA SGR bought a new stake in Charter Communications in the 4th quarter valued at $36,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in Charter Communications in the 4th quarter valued at $45,000. Institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

NASDAQ:CHTR opened at $351.50 on Friday. The stock has a market cap of $49.98 billion, a P/E ratio of 10.05, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. 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 stock’s 50-day moving average is $355.59 and its 200-day moving average is $354.76. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27.

Charter Communications (NASDAQ:CHTR) last posted 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 return on equity of 29.01% and a net margin of 9.23%. During the same period last year, the company earned $7.07 EPS. Equities research analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Benchmark restated a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. Barclays increased their price objective on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Citigroup assumed coverage on Charter Communications in a research report on Friday. They set a “buy” rating and a $425.00 price objective on the stock. Royal Bank of Canada increased their price objective on 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, BNP Paribas upgraded Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective on the stock in a research report on Tuesday, November 26th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $388.37.

About Charter Communications

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.