Disciplined Equity Management Inc. Buys New Shares in Charter Communications, Inc. (NASDAQ:CHTR)

Disciplined Equity Management Inc. bought a new stake in Charter Communications, Inc. (NASDAQ:CHTR) in the fourth quarter, HoldingsChannel.com reports. The firm bought 215 shares of the company’s stock, valued at approximately $84,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pzena Investment Management LLC lifted its holdings in Charter Communications by 21.0% during the 3rd quarter. Pzena Investment Management LLC now owns 1,459,148 shares of the company’s stock worth $641,762,000 after buying an additional 253,324 shares during the last quarter. Morgan Stanley lifted its holdings in Charter Communications by 15.8% during the 3rd quarter. Morgan Stanley now owns 1,186,738 shares of the company’s stock worth $521,952,000 after buying an additional 161,830 shares during the last quarter. Parnassus Investments LLC purchased a new stake in Charter Communications during the 3rd quarter worth about $508,684,000. Northern Trust Corp lifted its holdings in Charter Communications by 2.2% during the 3rd 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 lifted its holdings in Charter Communications by 25.4% during the 3rd 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. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CHTR. Barclays decreased their price target on Charter Communications from $280.00 to $250.00 and set an “underweight” rating for the company in a report on Tuesday, April 2nd. Wells Fargo & Company cut their target price on Charter Communications from $340.00 to $290.00 and set an “equal weight” rating on the stock in a research report on Friday, April 5th. Deutsche Bank Aktiengesellschaft cut their target price on Charter Communications from $375.00 to $320.00 and set a “hold” rating on the stock in a research report on Tuesday, April 16th. Sanford C. Bernstein upgraded Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 target price on the stock in a research report on Monday, March 18th. Finally, JPMorgan Chase & Co. cut their target price on Charter Communications from $370.00 to $335.00 and set a “neutral” rating on the stock in a research report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $380.80.

Charter Communications Stock Performance

CHTR traded down $1.61 on Wednesday, hitting $264.70. 1,132,689 shares of the company traded hands, compared to its average volume of 1,578,214. The company has a 50 day moving average of $282.63 and a 200-day moving average of $350.07. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 6.51. The stock has a market capitalization of $38.44 billion, a PE ratio of 8.82, a PEG ratio of 0.46 and a beta of 0.96. Charter Communications, Inc. has a 12-month low of $254.31 and a 12-month high of $458.30.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, February 2nd. The company reported $7.07 EPS for the quarter, missing the consensus estimate of $8.76 by ($1.69). The company had revenue of $13.71 billion for the quarter, compared to analysts’ expectations of $13.70 billion. Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The firm’s revenue was up .3% on a year-over-year basis. During the same period in the prior year, the company earned $7.69 earnings per share. Sell-side analysts anticipate that Charter Communications, Inc. will post 32.38 earnings per share for the current year.

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.