Hunting Hill Global Capital LLC Purchases Shares of 700 Charter Communications, Inc. (NASDAQ:CHTR)

Hunting Hill Global Capital LLC acquired a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 700 shares of the company’s stock, valued at approximately $240,000.

Other large investors have also made changes to their positions in the company. Norges Bank bought a new position in Charter Communications during the fourth quarter valued at about $1,032,236,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Charter Communications by 130.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company’s stock valued at $369,566,000 after purchasing an additional 609,554 shares in the last quarter. LSV Asset Management raised its stake in shares of Charter Communications by 8,343.1% in the fourth quarter. LSV Asset Management now owns 177,305 shares of the company’s stock valued at $60,775,000 after purchasing an additional 175,205 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Charter Communications by 21.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 900,849 shares of the company’s stock worth $308,795,000 after purchasing an additional 161,547 shares during the period. Finally, Franklin Resources Inc. boosted its stake in Charter Communications by 4.9% during the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after buying an additional 148,003 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

CHTR has been the topic of several recent research reports. Wells Fargo & Company decreased their target price on shares of Charter Communications from $400.00 to $380.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. Citigroup assumed coverage on Charter Communications in a research note on Friday, March 14th. They issued a “buy” rating and a $425.00 price objective on the stock. Royal Bank of Canada raised their target price on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Barclays upped 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. Finally, Benchmark reissued a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. Five analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Charter Communications has a consensus rating of “Hold” and an average price target of $387.88.

Charter Communications Trading Up 1.9 %

CHTR stock opened at $338.96 on Monday. The business has a fifty day moving average of $357.31 and a 200-day moving average of $358.43. The company has a market cap of $48.11 billion, a P/E ratio of 9.70, a PEG ratio of 0.44 and a beta of 1.13. 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.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same quarter in the prior year, the firm posted $7.07 EPS. As a group, equities research analysts expect that Charter Communications, Inc. will post 38.16 EPS 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.