Townsquare Capital LLC Increases Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Townsquare Capital LLC boosted its position in Charter Communications, Inc. (NASDAQ:CHTR) by 66.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,858 shares of the company’s stock after buying an additional 1,137 shares during the quarter. Townsquare Capital LLC’s holdings in Charter Communications were worth $979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of CHTR. Avior Wealth Management LLC boosted its stake in shares of Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after purchasing an additional 45 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of Charter Communications during the fourth quarter valued at about $32,000. Generali Asset Management SPA SGR purchased a new position in shares of Charter Communications in the fourth quarter worth about $36,000. Brown Brothers Harriman & Co. lifted its stake in shares of Charter Communications by 37.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock valued at $36,000 after acquiring an additional 29 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. purchased a new stake in Charter Communications during the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

Charter Communications stock opened at $338.96 on Friday. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The company has a market capitalization of $48.11 billion, a P/E ratio of 9.70, a PEG ratio of 0.44 and a beta of 1.13. The stock’s 50 day moving average is $357.55 and its 200 day moving average is $357.91.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the company earned $7.07 EPS. On average, equities research analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Citigroup started coverage on Charter Communications in a research note on Friday, March 14th. They issued a “buy” rating and a $425.00 price target on the stock. Royal Bank of Canada boosted their price target on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Benchmark restated a “buy” rating and set a $450.00 target price on shares of Charter Communications in a report on Friday, January 31st. Barclays boosted their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Finally, BNP Paribas reaffirmed an “underperform” rating and issued a $290.00 target price on shares of Charter Communications in a research report on Thursday, April 10th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Charter Communications presently has an average rating of “Hold” and an average price target of $387.88.

Charter Communications Company 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.