Cerity Partners LLC Increases Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Cerity Partners LLC boosted its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 16.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,503 shares of the company’s stock after purchasing an additional 769 shares during the period. Cerity Partners LLC’s holdings in Charter Communications were worth $2,139,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Parnassus Investments LLC purchased a new position in shares of Charter Communications during the third quarter valued at approximately $508,684,000. Renaissance Technologies LLC increased its stake in shares of Charter Communications by 462.8% during the first quarter. Renaissance Technologies LLC now owns 541,400 shares of the company’s stock valued at $295,345,000 after buying an additional 445,200 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Charter Communications by 507.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 477,631 shares of the company’s stock valued at $260,557,000 after buying an additional 398,954 shares during the period. Norges Bank purchased a new position in shares of Charter Communications during the fourth quarter valued at approximately $132,163,000. Finally, Pzena Investment Management LLC grew its stake in Charter Communications by 21.0% in the third quarter. Pzena Investment Management LLC now owns 1,459,148 shares of the company’s stock worth $641,762,000 after purchasing an additional 253,324 shares during the period. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Trading Up 2.0 %

Shares of NASDAQ:CHTR opened at $265.21 on Friday. The company has a market cap of $38.52 billion, a P/E ratio of 8.83, a PEG ratio of 0.44 and a beta of 0.96. The company has a debt-to-equity ratio of 6.51, a current ratio of 0.31 and a quick ratio of 0.31. Charter Communications, Inc. has a 1 year low of $254.31 and a 1 year high of $458.30. The stock’s fifty day moving average price is $284.26 and its 200-day moving average price is $354.11.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, February 2nd. The company reported $7.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.76 by ($1.69). Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The business had revenue of $13.71 billion for the quarter, compared to the consensus estimate of $13.70 billion. During the same period in the previous year, the company earned $7.69 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. Sell-side analysts expect that Charter Communications, Inc. will post 32.38 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their price target on Charter Communications from $370.00 to $335.00 and set a “neutral” rating on the stock in a research note on Monday, April 1st. Deutsche Bank Aktiengesellschaft reduced their price target on Charter Communications from $375.00 to $320.00 and set a “hold” rating on the stock in a research note on Tuesday. UBS Group dropped their target price on Charter Communications from $360.00 to $325.00 and set a “neutral” rating on the stock in a report on Thursday, March 28th. Sanford C. Bernstein raised Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 target price on the stock in a report on Monday, March 18th. Finally, Pivotal Research dropped their target price on Charter Communications from $500.00 to $450.00 and set a “buy” rating on the stock in a report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Charter Communications has a consensus rating of “Hold” and a consensus price target of $380.80.

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.