Calamos Advisors LLC bought a new position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 795 shares of the company's stock, valued at approximately $293,000.
Other large investors have also modified their holdings of the company. Brown Brothers Harriman & Co. boosted its holdings in Charter Communications by 37.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock valued at $36,000 after purchasing an additional 29 shares during the period. Jones Financial Companies Lllp boosted its holdings in Charter Communications by 3.4% in the 4th quarter. Jones Financial Companies Lllp now owns 904 shares of the company's stock valued at $310,000 after purchasing an additional 30 shares during the period. Quadrant Capital Group LLC boosted its holdings in Charter Communications by 4.2% in the 4th quarter. Quadrant Capital Group LLC now owns 740 shares of the company's stock valued at $254,000 after purchasing an additional 30 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Charter Communications by 5.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 622 shares of the company's stock valued at $213,000 after purchasing an additional 34 shares during the period. Finally, Keybank National Association OH boosted its holdings in Charter Communications by 2.6% in the 4th quarter. Keybank National Association OH now owns 1,392 shares of the company's stock valued at $477,000 after purchasing an additional 35 shares during the period. 81.76% of the stock is owned by institutional investors.
Charter Communications Stock Up 0.8%
CHTR traded up $3.34 during trading on Tuesday, reaching $411.66. 967,415 shares of the stock were exchanged, compared to its average volume of 1,293,581. The stock has a market cap of $57.78 billion, a P/E ratio of 11.49, a price-to-earnings-growth ratio of 0.45 and a beta of 1.08. Charter Communications, Inc. has a twelve month low of $287.19 and a twelve month high of $437.06. The stock's 50 day moving average price is $400.47 and its two-hundred day moving average price is $369.91. The company has a debt-to-equity ratio of 4.54, a quick ratio of 0.36 and a current ratio of 0.36.
Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its earnings results on Friday, April 25th. The company reported $8.42 earnings per share for the quarter, missing analysts' consensus estimates 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%. Charter Communications's quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.55 earnings per share. Equities analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on CHTR. Bank of America increased their price objective 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. UBS Group raised their price objective on shares of Charter Communications from $400.00 to $425.00 and gave the company a "neutral" rating in a research report on Wednesday, June 18th. Raymond James Financial raised shares of Charter Communications from an "underperform" rating to a "market perform" rating in a research note on Monday, May 19th. Citigroup raised 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. Finally, BNP Paribas reissued an "underperform" rating and set a $290.00 price objective on shares of Charter Communications in a research note on Thursday, April 10th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, Charter Communications has an average rating of "Hold" and a consensus price target of $421.26.
Check Out Our Latest Stock Report on Charter Communications
Charter Communications Profile
(
Free Report)
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.
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