Calamos Advisors LLC acquired a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 795 shares of the company's stock, valued at approximately $293,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp grew its position in shares of Charter Communications by 3.4% in the 4th quarter. Jones Financial Companies Lllp now owns 904 shares of the company's stock worth $310,000 after buying an additional 30 shares during the last quarter. Keybank National Association OH grew its position in shares of Charter Communications by 2.6% in the 4th quarter. Keybank National Association OH now owns 1,392 shares of the company's stock worth $477,000 after buying an additional 35 shares during the last quarter. Assetmark Inc. grew its position in shares of Charter Communications by 8.8% in the 4th quarter. Assetmark Inc. now owns 5,232 shares of the company's stock worth $1,793,000 after buying an additional 423 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Charter Communications in the 4th quarter worth approximately $33,485,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Charter Communications in the 4th quarter valued at approximately $14,870,000. 81.76% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms have recently commented on CHTR. Sanford C. Bernstein cut Charter Communications from an "outperform" rating to a "market perform" rating and set a $410.00 target price for the company. in a research note on Monday, June 2nd. Loop Capital upgraded Charter Communications from a "hold" rating to a "buy" rating and lifted their price objective for the company from $430.00 to $510.00 in a research note on Monday, May 19th. UBS Group boosted their price target on Charter Communications from $400.00 to $425.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 18th. Raymond James Financial upgraded Charter Communications from an "underperform" rating to a "market perform" rating in a research note on Monday, May 19th. Finally, Morgan Stanley boosted their price target on Charter Communications from $385.00 to $415.00 and gave the stock an "equal weight" rating in a research note on Monday, April 28th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Charter Communications has an average rating of "Hold" and an average price target of $421.26.
Get Our Latest Research Report on Charter Communications
Charter Communications Trading Down 1.5%
NASDAQ:CHTR traded down $6.04 during midday trading on Friday, hitting $395.54. The stock had a trading volume of 90,171 shares, compared to its average volume of 1,265,455. Charter Communications, Inc. has a one year low of $294.39 and a one year high of $437.06. The stock has a 50-day moving average of $401.58 and a 200 day moving average of $370.79. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 4.54. The company has a market capitalization of $55.52 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 0.44 and a beta of 1.08.
Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings results 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 business 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%. Charter Communications's revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $7.55 EPS. As a group, sell-side analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current year.
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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