NEOS Investment Management LLC Purchases 2,263 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

NEOS Investment Management LLC raised its position in Charter Communications, Inc. (NASDAQ:CHTR) by 18.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,379 shares of the company’s stock after acquiring an additional 2,263 shares during the quarter. NEOS Investment Management LLC’s holdings in Charter Communications were worth $4,929,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Franklin Resources Inc. lifted its stake in shares of Charter Communications by 4.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after purchasing an additional 148,003 shares during the period. Geode Capital Management LLC boosted its stake in shares of Charter Communications by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company’s stock worth $785,744,000 after acquiring an additional 13,430 shares during the last quarter. FMR LLC grew its position in shares of Charter Communications by 27.7% during the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company’s stock valued at $345,128,000 after acquiring an additional 230,817 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Charter Communications by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 847,921 shares of the company’s stock worth $290,642,000 after purchasing an additional 23,225 shares in the last quarter. Finally, First Pacific Advisors LP raised its holdings in Charter Communications by 0.6% in the 4th quarter. First Pacific Advisors LP now owns 614,122 shares of the company’s stock worth $210,503,000 after purchasing an additional 3,490 shares during the period. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Stock Performance

Charter Communications stock opened at $382.02 on Friday. The company’s 50-day moving average price is $359.35 and its 200-day moving average price is $356.14. 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 has a market cap of $54.32 billion, a PE ratio of 10.93, a price-to-earnings-growth 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.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data 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 return on equity of 29.01% and a net margin of 9.23%. During the same quarter in the prior year, the firm earned $7.07 EPS. On average, equities research analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analyst Ratings Changes

CHTR has been the subject of a number of analyst reports. Benchmark restated a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a research report on Friday, January 31st. KeyCorp upgraded shares of 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. StockNews.com downgraded shares of Charter Communications from a “buy” rating to a “hold” rating in a research report on Wednesday. Royal Bank of Canada increased their price target on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. Finally, Citigroup assumed coverage on Charter Communications in a research report on Friday, March 14th. They issued a “buy” rating and a $425.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $389.39.

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.