Calamos Advisors LLC Buys New Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Calamos Advisors LLC acquired a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 795 shares of the company's stock, valued at approximately $293,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CHTR. ST Germain D J Co. Inc. lifted its holdings in shares of Charter Communications by 1,283.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock worth $31,000 after acquiring an additional 77 shares during the last quarter. Generali Asset Management SPA SGR bought a new stake in Charter Communications in the fourth quarter worth about $36,000. Brown Brothers Harriman & Co. grew its stake in shares of 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 buying an additional 29 shares during the last quarter. NBC Securities Inc. purchased a new stake in shares of Charter Communications in the first quarter worth approximately $47,000. Finally, Private Trust Co. NA lifted its stake in shares of Charter Communications by 69.5% during the 1st quarter. Private Trust Co. NA now owns 161 shares of the company's stock worth $59,000 after acquiring an additional 66 shares during the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CHTR. 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. BNP Paribas reissued an "underperform" rating and issued a $290.00 price objective on shares of Charter Communications in a research report on Thursday, April 10th. Citigroup raised their target price on shares of Charter Communications from $425.00 to $445.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. Wolfe Research upgraded Charter Communications from an "underperform" rating to a "peer perform" rating in a report on Friday, June 20th. Finally, Loop Capital raised Charter Communications from a "hold" rating to a "buy" rating and increased their price objective for the stock from $430.00 to $510.00 in a research note on Monday, May 19th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Charter Communications presently has an average rating of "Hold" and an average price target of $421.26.

Charter Communications Stock Down 2.0%

CHTR traded down $8.10 during trading on Wednesday, hitting $403.56. The stock had a trading volume of 1,503,479 shares, compared to its average volume of 1,271,443. The stock has a 50 day simple moving average of $400.98 and a two-hundred day simple moving average of $370.20. The company has a market capitalization of $56.64 billion, a PE ratio of 11.26, a PEG ratio of 0.45 and a beta of 1.08. 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, Inc. has a twelve month low of $287.63 and a twelve month high of $437.06.

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