Meadow Creek Wealth Advisors LLC Purchases Shares of 607 Charter Communications, Inc. (NASDAQ:CHTR)

Meadow Creek Wealth Advisors LLC acquired a new position in Charter Communications, Inc. (NASDAQ:CHTR) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 607 shares of the company’s stock, valued at approximately $208,000.

Other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its stake in shares of Charter Communications by 12,597.3% during the third quarter. Assenagon Asset Management S.A. now owns 249,756 shares of the company’s stock valued at $80,941,000 after purchasing an additional 247,789 shares during the period. FMR LLC boosted its position in Charter Communications by 27.7% during the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company’s stock valued at $345,128,000 after purchasing an additional 230,817 shares during the period. Fernbridge Capital Management LP bought a new position in Charter Communications in the 3rd quarter worth about $48,200,000. Franklin Resources Inc. lifted its stake in shares of Charter Communications by 4.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after acquiring an additional 148,003 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in Charter Communications in the third quarter worth approximately $244,720,000. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Stock Performance

Shares of Charter Communications stock opened at $345.05 on Thursday. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The company’s 50 day moving average price is $361.42 and its two-hundred day moving average price is $353.40. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.34. The firm has a market capitalization of $49.07 billion, a P/E ratio of 9.87, a P/E/G ratio of 0.46 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, topping the consensus estimate of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same quarter in the prior year, the firm posted $7.07 EPS. On average, equities analysts forecast that Charter Communications, Inc. will post 36.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CHTR. Benchmark reiterated a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a research report on Friday, January 31st. Barclays raised their price target on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday. Wells Fargo & Company boosted their price objective on shares of Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Pivotal Research lifted their target price on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. increased their price target on Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.