New Age Alpha Advisors LLC Invests $593,000 in Charter Communications, Inc. (NASDAQ:CHTR)

New Age Alpha Advisors LLC purchased a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 1,729 shares of the company’s stock, valued at approximately $593,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Lind Value II ApS purchased a new stake in shares of Charter Communications during the fourth quarter worth $9,743,000. Oddo BHF Asset Management Sas purchased a new stake in Charter Communications during the 3rd quarter worth about $1,345,000. Worldquant Millennium Advisors LLC boosted its stake in Charter Communications by 193.8% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company’s stock worth $12,993,000 after purchasing an additional 26,446 shares during the period. Caprock Group LLC grew its holdings in Charter Communications by 39.7% during the 4th quarter. Caprock Group LLC now owns 3,517 shares of the company’s stock valued at $1,206,000 after buying an additional 999 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Charter Communications by 4.9% in 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. 81.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CHTR has been the subject of several recent analyst reports. Royal Bank of Canada boosted their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. StockNews.com cut shares of Charter Communications from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. Citigroup assumed coverage on Charter Communications in a research note on Friday, March 14th. They set a “buy” rating and a $425.00 price objective for the company. Benchmark restated a “buy” rating and issued a $450.00 target price on shares of Charter Communications in a research note on Friday, January 31st. Finally, KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target for the company in a research report on Thursday, December 12th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Charter Communications presently has an average rating of “Hold” and an average target price of $393.18.

Charter Communications Trading Down 0.1 %

CHTR stock opened at $368.53 on Tuesday. The company has a market capitalization of $52.40 billion, a PE ratio of 10.54, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27. The company’s 50 day moving average price is $360.05 and its two-hundred day moving average price is $357.09.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping the consensus estimate 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 period in the prior year, the firm earned $7.07 earnings per share. As a group, analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

About Charter Communications

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.