Los Angeles Capital Management LLC Has $23.52 Million Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Los Angeles Capital Management LLC boosted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 266.8% in the fourth quarter, Holdings Channel reports. The firm owned 68,607 shares of the company’s stock after acquiring an additional 49,902 shares during the period. Los Angeles Capital Management LLC’s holdings in Charter Communications were worth $23,516,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in CHTR. Franklin Resources Inc. boosted its position in shares of 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 period. Geode Capital Management LLC raised its stake in Charter Communications by 0.6% during the third quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company’s stock worth $785,744,000 after acquiring an additional 13,430 shares in the last quarter. FMR LLC raised its stake in Charter Communications by 27.7% during the third quarter. FMR LLC now owns 1,064,948 shares of the company’s stock worth $345,128,000 after acquiring an additional 230,817 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Charter Communications by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company’s stock worth $267,267,000 after acquiring an additional 7,008 shares in the last quarter. Finally, Cryder Capital Partners LLP raised its stake in Charter Communications by 8.0% during the third quarter. Cryder Capital Partners LLP now owns 533,036 shares of the company’s stock worth $172,746,000 after acquiring an additional 39,334 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Price Performance

Shares of CHTR stock opened at $358.59 on Wednesday. The stock has a 50-day moving average price of $352.02 and a 200 day moving average price of $353.59. 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 firm has a market cap of $50.99 billion, a price-to-earnings ratio of 10.26, a PEG ratio of 0.44 and a beta of 1.11. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, February 7th. The company reported $10.10 earnings per share (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 quarter in the previous year, the company earned $7.07 EPS. Research analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Morgan Stanley increased their price objective on Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Wells Fargo & Company raised their target price on Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Benchmark restated a “buy” rating and issued a $450.00 target price on shares of Charter Communications in a research note on Friday, January 31st. JPMorgan Chase & Co. raised their target price on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $384.42.

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.