Skopos Labs Inc. Invests $285,000 in Charter Communications, Inc. (NASDAQ:CHTR)

Skopos Labs Inc. purchased a new position in Charter Communications, Inc. (NASDAQ:CHTRFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 734 shares of the company’s stock, valued at approximately $285,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Pzena Investment Management LLC lifted its position in shares of Charter Communications by 21.0% during the 3rd quarter. Pzena Investment Management LLC now owns 1,459,148 shares of the company’s stock valued at $641,762,000 after acquiring an additional 253,324 shares during the period. Morgan Stanley lifted its position in shares of Charter Communications by 15.8% during the 3rd quarter. Morgan Stanley now owns 1,186,738 shares of the company’s stock valued at $521,952,000 after acquiring an additional 161,830 shares during the period. Parnassus Investments LLC acquired a new position in Charter Communications during the third quarter worth $508,684,000. Northern Trust Corp raised its holdings in Charter Communications by 2.2% during the third quarter. Northern Trust Corp now owns 1,048,544 shares of the company’s stock worth $461,171,000 after buying an additional 22,494 shares during the last quarter. Finally, Allen Investment Management LLC raised its holdings in Charter Communications by 25.4% during the third quarter. Allen Investment Management LLC now owns 873,714 shares of the company’s stock worth $384,277,000 after buying an additional 177,224 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CHTR. Sanford C. Bernstein upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price objective on the stock in a report on Monday, March 18th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Charter Communications from $375.00 to $320.00 and set a “hold” rating for the company in a research note on Tuesday, April 16th. Citigroup reduced their target price on shares of Charter Communications from $300.00 to $280.00 and set a “neutral” rating for the company in a research note on Monday, April 29th. Barclays reduced their target price on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating for the company in a research note on Tuesday, April 2nd. Finally, Benchmark reduced their target price on shares of Charter Communications from $490.00 to $440.00 and set a “buy” rating for the company in a research note on Monday, February 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Charter Communications presently has an average rating of “Hold” and an average price target of $356.47.

Check Out Our Latest Report on Charter Communications

Charter Communications Stock Performance

NASDAQ:CHTR traded up $3.05 on Friday, reaching $271.46. 670,004 shares of the company’s stock were exchanged, compared to its average volume of 1,309,723. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $458.30. The firm has a market cap of $39.10 billion, a price-to-earnings ratio of 8.78, a P/E/G ratio of 1.09 and a beta of 0.97. The company has a debt-to-equity ratio of 6.28, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a fifty day simple moving average of $272.76 and a 200-day simple moving average of $325.74.

Charter Communications (NASDAQ:CHTRGet Free Report) last announced its quarterly earnings results on Friday, April 26th. The company reported $7.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). Charter Communications had a return on equity of 31.42% and a net margin of 8.50%. The firm had revenue of $13.68 billion during the quarter, compared to analysts’ expectations of $13.75 billion. During the same period in the previous year, the company posted $6.65 earnings per share. The company’s quarterly revenue was up .2% compared to the same quarter last year. As a group, sell-side analysts predict that Charter Communications, Inc. will post 32.02 earnings per share for the current year.

About Charter Communications

(Free Report)

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.

See Also

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

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