44 Wealth Management LLC Purchases New Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

44 Wealth Management LLC acquired a new position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,337 shares of the company's stock, valued at approximately $1,598,000.

Other large investors have also recently bought and sold shares of the company. ST Germain D J Co. Inc. boosted its holdings in Charter Communications by 1,283.3% during the first quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock valued at $31,000 after acquiring an additional 77 shares during the period. Generali Asset Management SPA SGR bought a new stake in Charter Communications during the fourth quarter valued at about $36,000. Brown Brothers Harriman & Co. boosted its holdings in Charter Communications by 37.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock valued at $36,000 after acquiring an additional 29 shares during the period. NBC Securities Inc. bought a new stake in Charter Communications during the first quarter valued at about $47,000. Finally, Private Trust Co. NA boosted its holdings in Charter Communications by 69.5% during the first quarter. Private Trust Co. NA now owns 161 shares of the company's stock valued at $59,000 after acquiring an additional 66 shares during the period. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Price Performance

NASDAQ:CHTR traded up $3.99 during mid-day trading on Friday, hitting $416.25. The company's stock had a trading volume of 516,681 shares, compared to its average volume of 1,269,823. The company has a market capitalization of $58.43 billion, a price-to-earnings ratio of 11.62, a P/E/G ratio of 0.45 and a beta of 1.08. The stock has a fifty day moving average of $399.84 and a 200-day moving average of $369.39. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.54. Charter Communications, Inc. has a fifty-two week low of $286.66 and a fifty-two week high of $437.06.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The company reported $8.42 earnings per share for the quarter, missing the consensus estimate of $8.70 by ($0.28). The firm had revenue of $13.74 billion for the quarter, compared to analyst estimates of $13.67 billion. Charter Communications had a return on equity of 27.70% and a net margin of 9.42%. The business's quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the business posted $7.55 EPS. As a group, equities analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CHTR shares. Morgan Stanley upped their price target on shares of Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a report on Monday, April 28th. Wall Street Zen upgraded shares of Charter Communications from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Citigroup increased their target price on shares of Charter Communications from $425.00 to $445.00 and gave the company a "buy" rating in a research note on Monday, April 28th. Bank of America increased their target price on shares of Charter Communications from $450.00 to $500.00 and gave the company a "buy" rating in a research note on Tuesday, July 1st. Finally, UBS Group increased their target price on shares of Charter Communications from $400.00 to $425.00 and gave the company a "neutral" rating in a research note on Wednesday, June 18th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $421.26.

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.