Healthcare of Ontario Pension Plan Trust Fund Buys Shares of 12,100 Charter Communications, Inc. (NASDAQ:CHTR)

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,100 shares of the company’s stock, valued at approximately $4,703,000.

A number of other institutional investors have also modified their holdings of the company. Wetzel Investment Advisors Inc. acquired a new position in Charter Communications during the 4th quarter worth about $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Charter Communications during the fourth quarter worth about $44,000. Cullen Frost Bankers Inc. boosted its stake in shares of Charter Communications by 769.2% in the fourth quarter. Cullen Frost Bankers Inc. now owns 113 shares of the company’s stock valued at $44,000 after purchasing an additional 100 shares during the period. Bourgeon Capital Management LLC grew its holdings in shares of Charter Communications by 219.5% in the fourth quarter. Bourgeon Capital Management LLC now owns 131 shares of the company’s stock valued at $51,000 after purchasing an additional 90 shares in the last quarter. Finally, Johnson Financial Group Inc. increased its stake in Charter Communications by 89.9% during the 4th quarter. Johnson Financial Group Inc. now owns 169 shares of the company’s stock worth $66,000 after buying an additional 80 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Sanford C. Bernstein upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price target for the company in a research note on Monday, March 18th. Loop Capital cut their price target on Charter Communications from $335.00 to $285.00 and set a “hold” rating on the stock in a report on Monday, April 29th. Pivotal Research decreased their price objective on Charter Communications from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Rosenblatt Securities lowered their price objective on Charter Communications from $297.00 to $292.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. Finally, Bank of America reduced their target price on shares of Charter Communications from $315.00 to $300.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Charter Communications has an average rating of “Hold” and an average target price of $356.47.

Charter Communications Trading Down 2.9 %

Shares of Charter Communications stock opened at $277.62 on Wednesday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 6.28. The company has a fifty day simple moving average of $270.18 and a 200-day simple moving average of $309.74. The stock has a market cap of $39.99 billion, a price-to-earnings ratio of 8.98, a PEG ratio of 1.11 and a beta of 1.03. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $458.30.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, April 26th. The company reported $7.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.78 by ($0.23). Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The company had revenue of $13.68 billion during the quarter, compared to analyst estimates of $13.75 billion. During the same quarter in the prior year, the company earned $6.65 EPS. The business’s revenue was up .2% on a year-over-year basis. On average, equities analysts forecast that Charter Communications, Inc. will post 32.02 EPS 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.