RD Lewis Holdings Inc. Invests $376,000 in Charter Communications, Inc. (NASDAQ:CHTR)

RD Lewis Holdings Inc. acquired a new stake in Charter Communications, Inc. (NASDAQ:CHTR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,081 shares of the company’s stock, valued at approximately $376,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CHTR. Franklin Resources Inc. raised its position in shares of Charter Communications by 4.9% during the 3rd 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 in the last quarter. Geode Capital Management LLC increased 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 valued at $785,744,000 after purchasing an additional 13,430 shares during the last quarter. FMR LLC raised its holdings in shares of 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 purchasing an additional 230,817 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Charter Communications by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 847,921 shares of the company’s stock worth $290,642,000 after buying an additional 23,225 shares during the last quarter. Finally, First Pacific Advisors LP boosted its holdings in shares of Charter Communications by 0.6% in the 4th quarter. First Pacific Advisors LP now owns 614,122 shares of the company’s stock valued at $210,503,000 after buying an additional 3,490 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Performance

Shares of NASDAQ CHTR opened at $354.08 on Tuesday. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a fifty day moving average price of $355.69 and a two-hundred day moving average price of $354.73. The firm has a market cap of $50.35 billion, a P/E ratio of 10.13, a PEG ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating the consensus estimate 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 earnings per share. Research analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CHTR. Royal Bank of Canada increased their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. KeyCorp raised Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target on the stock in a report on Thursday, December 12th. Citigroup assumed coverage on Charter Communications in a research note on Friday. They set a “buy” rating and a $425.00 price objective for the company. Benchmark reissued a “buy” rating and set a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. Finally, Barclays upped their price target on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Charter Communications currently has a consensus rating of “Hold” and an average target price of $388.37.

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.