Baxter Bros Inc. Has $806,000 Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Baxter Bros Inc. trimmed its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 5.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,350 shares of the company’s stock after selling 133 shares during the quarter. Baxter Bros Inc.’s holdings in Charter Communications were worth $806,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Lind Value II ApS acquired a new stake in Charter Communications in the fourth quarter valued at $9,743,000. Oddo BHF Asset Management Sas bought a new stake in Charter Communications in the 3rd quarter valued at about $1,345,000. Worldquant Millennium Advisors LLC boosted its stake in shares of Charter Communications by 193.8% in the third quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company’s stock valued at $12,993,000 after buying an additional 26,446 shares during the period. Caprock Group LLC grew its holdings in shares of Charter Communications by 39.7% during the 4th quarter. Caprock Group LLC now owns 3,517 shares of the company’s stock worth $1,206,000 after purchasing an additional 999 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in Charter Communications by 4.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock valued at $1,052,868,000 after buying an additional 148,003 shares during the period. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CHTR. Barclays upped their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. StockNews.com upgraded Charter Communications from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th. Citigroup assumed coverage on shares of Charter Communications in a research note on Friday, March 14th. They issued a “buy” rating and a $425.00 price objective on the stock. BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective for the company in a research note on Tuesday, November 26th. Finally, Benchmark reiterated a “buy” rating and issued a $450.00 target price on shares of Charter Communications in a research note on Friday, January 31st. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $389.39.

Charter Communications Stock Performance

Shares of NASDAQ:CHTR opened at $367.50 on Tuesday. The stock has a market capitalization of $52.26 billion, a P/E ratio of 10.51, a PEG ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week 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. The firm has a fifty day simple moving average of $357.33 and a two-hundred day simple moving average of $355.42.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, topping 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 period in the prior year, the company posted $7.07 EPS. On average, analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

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.