Pinebridge Investments L.P. Increases Stake in Charter Communications, Inc. (CHTR)

Pinebridge Investments L.P. grew its position in Charter Communications, Inc. (NASDAQ:CHTR) by 75,045.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 45,839 shares of the company’s stock after acquiring an additional 45,778 shares during the period. Pinebridge Investments L.P.’s holdings in Charter Communications were worth $15,400,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ameriprise Financial Inc. increased its holdings in Charter Communications by 315.1% in the third quarter. Ameriprise Financial Inc. now owns 1,384,725 shares of the company’s stock valued at $503,237,000 after purchasing an additional 1,051,151 shares during the period. Brown Advisory Inc. increased its holdings in Charter Communications by 623.2% in the third quarter. Brown Advisory Inc. now owns 592,689 shares of the company’s stock valued at $215,394,000 after purchasing an additional 510,735 shares during the period. California Public Employees Retirement System increased its holdings in Charter Communications by 33.7% in the fourth quarter. California Public Employees Retirement System now owns 619,620 shares of the company’s stock valued at $208,168,000 after purchasing an additional 156,169 shares during the period. Toronto Dominion Bank increased its holdings in Charter Communications by 155.5% in the third quarter. Toronto Dominion Bank now owns 188,279 shares of the company’s stock valued at $68,416,000 after purchasing an additional 114,586 shares during the period. Finally, Meritage Group LP increased its holdings in Charter Communications by 3.4% in the third quarter. Meritage Group LP now owns 2,819,596 shares of the company’s stock valued at $1,024,698,000 after purchasing an additional 92,620 shares during the period. Institutional investors own 72.01% of the company’s stock.

Shares of Charter Communications, Inc. (NASDAQ:CHTR) opened at $358.94 on Thursday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 1.43. Charter Communications, Inc. has a 1-year low of $308.30 and a 1-year high of $408.83. The firm has a market capitalization of $84,831.81, a PE ratio of 10.02, a price-to-earnings-growth ratio of 2.99 and a beta of 1.14.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, February 2nd. The company reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.01. Charter Communications had a return on equity of 1.11% and a net margin of 23.80%. The firm had revenue of $10.60 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same period last year, the business posted $1.67 EPS. The business’s revenue was up 3.2% compared to the same quarter last year. sell-side analysts predict that Charter Communications, Inc. will post 4.55 earnings per share for the current year.

A number of analysts recently weighed in on CHTR shares. Pivotal Research restated a “buy” rating and issued a $420.00 price objective (up from $405.00) on shares of Charter Communications in a report on Friday, October 27th. SunTrust Banks restated a “buy” rating and issued a $380.00 price objective on shares of Charter Communications in a report on Friday, October 27th. Barclays decreased their price objective on Charter Communications from $354.00 to $283.00 and set an “equal weight” rating for the company in a report on Friday, October 27th. Macquarie restated a “buy” rating on shares of Charter Communications in a report on Sunday, October 29th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $400.00 price objective on shares of Charter Communications in a report on Thursday, November 2nd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $396.11.

In other news, EVP Jonathan Hargis sold 27,000 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $364.76, for a total value of $9,848,520.00. Following the completion of the sale, the executive vice president now directly owns 34,931 shares in the company, valued at approximately $12,741,431.56. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.56% of the company’s stock.

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Charter Communications Profile

Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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