Mackay Shields LLC grew its stake in Charter Communications Inc (NASDAQ:CHTR) by 53.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,830 shares of the company’s stock after purchasing an additional 17,655 shares during the quarter. Mackay Shields LLC’s holdings in Charter Communications were worth $14,485,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. We Are One Seven LLC purchased a new position in shares of Charter Communications in the fourth quarter worth about $26,000. Massey Quick Simon & CO. LLC purchased a new position in shares of Charter Communications in the fourth quarter worth about $29,000. Whitener Capital Management Inc. purchased a new position in shares of Charter Communications in the fourth quarter worth about $29,000. Hanson McClain Inc. lifted its stake in shares of Charter Communications by 157.8% in the fourth quarter. Hanson McClain Inc. now owns 116 shares of the company’s stock worth $33,000 after buying an additional 71 shares in the last quarter. Finally, Cornerstone Advisors Inc. lifted its stake in shares of Charter Communications by 55.7% in the third quarter. Cornerstone Advisors Inc. now owns 123 shares of the company’s stock worth $40,000 after buying an additional 44 shares in the last quarter. Institutional investors and hedge funds own 74.67% of the company’s stock.

Shares of CHTR stock opened at $355.92 on Friday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 1.57. Charter Communications Inc has a 12 month low of $250.10 and a 12 month high of $356.90. The stock has a market cap of $80.21 billion, a price-to-earnings ratio of 68.18, a PEG ratio of 1.20 and a beta of 1.40.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Thursday, January 31st. The company reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.20). Charter Communications had a return on equity of 2.70% and a net margin of 2.82%. The firm had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $11.15 billion. On average, research analysts anticipate that Charter Communications Inc will post 7.54 EPS for the current fiscal year.

In other Charter Communications news, EVP Jonathan Hargis sold 15,000 shares of Charter Communications stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $339.51, for a total transaction of $5,092,650.00. Following the transaction, the executive vice president now directly owns 15,964 shares of the company’s stock, valued at $5,419,937.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John D. Markley, Jr. sold 1,000 shares of Charter Communications stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $350.09, for a total transaction of $350,090.00. The disclosure for this sale can be found here. Insiders have sold 57,233 shares of company stock worth $19,544,909 over the last ninety days. 0.83% of the stock is owned by insiders.

CHTR has been the topic of several research reports. Cowen raised their price target on shares of Charter Communications from $337.00 to $357.00 and gave the stock an “outperform” rating in a research note on Friday, December 7th. BidaskClub downgraded shares of Charter Communications from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 27th. Zacks Investment Research downgraded shares of Charter Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Nomura initiated coverage on shares of Charter Communications in a research note on Wednesday, January 16th. They issued a “neutral” rating and a $330.00 price target on the stock. Finally, TD Securities initiated coverage on shares of Charter Communications in a research note on Wednesday, January 16th. They issued a “buy” rating and a $385.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $359.22.

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Charter Communications Profile

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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