Paloma Partners Management Co boosted its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 64.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,639 shares of the company’s stock after purchasing an additional 17,492 shares during the quarter. Paloma Partners Management Co’s holdings in Charter Communications were worth $14,997,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in CHTR. Ameriprise Financial Inc. increased its stake in Charter Communications by 315.1% in the third quarter. Ameriprise Financial Inc. now owns 1,384,725 shares of the company’s stock valued at $503,237,000 after purchasing an additional 1,051,151 shares during the last quarter. Brown Advisory Inc. increased its stake in Charter Communications by 623.2% in the third quarter. Brown Advisory Inc. now owns 592,689 shares of the company’s stock valued at $215,394,000 after purchasing an additional 510,735 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Charter Communications in the fourth quarter valued at $120,060,000. Farallon Capital Management LLC increased its stake in Charter Communications by 142.4% in the fourth quarter. Farallon Capital Management LLC now owns 463,625 shares of the company’s stock valued at $155,759,000 after purchasing an additional 272,370 shares during the last quarter. Finally, Hengistbury Investment Partners LLP increased its stake in Charter Communications by 158.7% during the fourth quarter. Hengistbury Investment Partners LLP now owns 379,288 shares of the company’s stock worth $127,426,000 after acquiring an additional 232,650 shares during the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.
Shares of Charter Communications, Inc. (NASDAQ:CHTR) opened at $349.00 on Monday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 1.43. Charter Communications, Inc. has a 12 month low of $308.30 and a 12 month high of $408.83. The stock has a market capitalization of $82,902.30, a PE ratio of 162.43, a PEG ratio of 3.83 and a beta of 1.20.
In other news, EVP Jonathan Hargis sold 27,000 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $364.76, for a total value of $9,848,520.00. Following the completion of the sale, the executive vice president now owns 34,931 shares in the company, valued at $12,741,431.56. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.56% of the stock is currently owned by company insiders.
Several equities research analysts have commented on the company. Barclays upped their price target on Charter Communications from $283.00 to $300.00 and gave the stock an “underweight” rating in a research note on Monday, February 5th. Pivotal Research restated a “buy” rating and set a $500.00 price target (up from $420.00) on shares of Charter Communications in a research note on Monday, February 5th. TheStreet upgraded Charter Communications from a “c” rating to a “b+” rating in a research note on Friday, February 2nd. Zacks Investment Research lowered Charter Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. Finally, SunTrust Banks upped their price target on Charter Communications to $440.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $407.17.
ILLEGAL ACTIVITY WARNING: This news story was originally published by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2018/03/12/paloma-partners-management-co-has-15-million-position-in-charter-communications-inc-chtr.html.
About Charter Communications
Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.
Receive News & Ratings for Charter Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Communications and related companies with MarketBeat.com's FREE daily email newsletter.