Charter Communications, Inc. (CHTR) is Hound Partners LLC’s 7th Largest Position

Hound Partners LLC lifted its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 646,829 shares of the company’s stock after purchasing an additional 1,221 shares during the quarter. Charter Communications comprises approximately 6.0% of Hound Partners LLC’s holdings, making the stock its 7th largest position. Hound Partners LLC’s holdings in Charter Communications were worth $217,309,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Price Capital Management Inc. purchased a new position in Charter Communications in the 4th quarter worth approximately $101,000. Kings Point Capital Management raised its holdings in Charter Communications by 68.4% in the 4th quarter. Kings Point Capital Management now owns 347 shares of the company’s stock worth $117,000 after acquiring an additional 141 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Charter Communications by 109.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 409 shares of the company’s stock worth $137,000 after acquiring an additional 214 shares during the last quarter. Icon Wealth Partners LLC purchased a new position in Charter Communications in the 4th quarter worth approximately $151,000. Finally, CLS Investments LLC raised its stake in Charter Communications by 4,733.3% during the 3rd quarter. CLS Investments LLC now owns 435 shares of the company’s stock valued at $158,000 after buying an additional 426 shares during the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Jonathan Hargis sold 27,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $364.76, for a total value of $9,848,520.00. Following the completion of the transaction, the executive vice president now owns 34,931 shares of the company’s stock, valued at approximately $12,741,431.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.56% of the company’s stock.

A number of brokerages have weighed in on CHTR. Wells Fargo & Co upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $387.50 to $460.00 in a research note on Monday, February 5th. Pivotal Research reiterated a “buy” rating and set a $500.00 target price (up from $420.00) on shares of Charter Communications in a research note on Monday, February 5th. Barclays boosted their target price on shares of Charter Communications from $283.00 to $300.00 and gave the company an “underweight” rating in a research note on Monday, February 5th. Zacks Investment Research lowered shares of Charter Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Finally, SunTrust Banks boosted their target price on shares of Charter Communications to $440.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $407.17.

Charter Communications, Inc. (NASDAQ:CHTR) opened at $350.01 on Wednesday. The firm has a market cap of $85,676.13, a price-to-earnings ratio of 9.77, a P/E/G ratio of 3.96 and a beta of 1.20. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 1.43. Charter Communications, Inc. has a 1-year low of $308.30 and a 1-year high of $408.83.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, February 2nd. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.01. The company had revenue of $10.60 billion during the quarter, compared to the consensus estimate of $10.60 billion. Charter Communications had a net margin of 23.80% and a return on equity of 1.11%. Charter Communications’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.67 EPS. analysts expect that Charter Communications, Inc. will post 4.32 earnings per share for the current fiscal year.

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About Charter Communications

Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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