Pitcairn Co. Purchases 621 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Pitcairn Co. increased its position in Charter Communications, Inc. (NASDAQ:CHTR) by 50.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,862 shares of the company’s stock after purchasing an additional 621 shares during the period. Pitcairn Co.’s holdings in Charter Communications were worth $638,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brown Brothers Harriman & Co. grew its holdings in shares of Charter Communications by 37.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock valued at $36,000 after buying an additional 29 shares during the last quarter. Chemistry Wealth Management LLC increased its holdings in Charter Communications by 4.8% during the 4th quarter. Chemistry Wealth Management LLC now owns 660 shares of the company’s stock worth $226,000 after purchasing an additional 30 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Charter Communications by 3.4% in the fourth quarter. Jones Financial Companies Lllp now owns 904 shares of the company’s stock worth $310,000 after purchasing an additional 30 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Charter Communications by 5.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 622 shares of the company’s stock valued at $213,000 after purchasing an additional 34 shares in the last quarter. Finally, Keybank National Association OH boosted its position in shares of Charter Communications by 2.6% during the fourth quarter. Keybank National Association OH now owns 1,392 shares of the company’s stock valued at $477,000 after buying an additional 35 shares during the last quarter. Institutional investors own 81.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on CHTR shares. Barclays increased their price target on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. StockNews.com lowered shares of Charter Communications from a “buy” rating to a “hold” rating in a research report on Friday. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a research report on Thursday, December 12th. Benchmark reissued a “buy” rating and set a $450.00 target price on shares of Charter Communications in a research report on Friday, January 31st. Finally, Royal Bank of Canada increased their price target on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” 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 six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $393.18.

Charter Communications Stock Performance

NASDAQ CHTR opened at $338.29 on Friday. The firm has a market cap of $48.02 billion, a P/E ratio of 9.68, a price-to-earnings-growth ratio of 0.44 and a beta of 1.12. 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’s 50 day moving average is $360.56 and its 200-day moving average is $357.50. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, topping 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 prior year, the company earned $7.07 EPS. Sell-side analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

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.