Avantax Planning Partners Inc. Purchases New Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Avantax Planning Partners Inc. acquired a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 16,379 shares of the company's stock, valued at approximately $6,036,000.

Several other large investors also recently made changes to their positions in CHTR. ST Germain D J Co. Inc. grew its position in Charter Communications by 1,283.3% in 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 in the last quarter. Generali Asset Management SPA SGR acquired a new stake in Charter Communications during the 4th quarter valued at $36,000. Brown Brothers Harriman & Co. grew its holdings in Charter Communications by 37.7% during 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 in the last quarter. NBC Securities Inc. purchased a new stake in Charter Communications during the 1st quarter worth $47,000. Finally, Private Trust Co. NA lifted its holdings in Charter Communications by 69.5% in the 1st quarter. Private Trust Co. NA now owns 161 shares of the company's stock worth $59,000 after buying an additional 66 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Wells Fargo & Company raised their target price on Charter Communications from $380.00 to $400.00 and gave the company an "equal weight" rating in a research note on Monday, April 28th. UBS Group raised their price objective on Charter Communications from $400.00 to $425.00 and gave the company a "neutral" rating in a research note on Wednesday, June 18th. Loop Capital raised Charter Communications from a "hold" rating to a "buy" rating and upped their target price for the company from $430.00 to $510.00 in a research report on Monday, May 19th. Oppenheimer upgraded Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 target price for the company in a research note on Friday, May 16th. Finally, Bank of America lifted their price target on shares of Charter Communications from $450.00 to $500.00 and gave the stock a "buy" rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $421.26.

Charter Communications Stock Performance

Shares of CHTR opened at $416.25 on Friday. Charter Communications, Inc. has a 52-week low of $286.66 and a 52-week high of $437.06. The firm has a market capitalization of $58.42 billion, a PE ratio of 11.62, a P/E/G ratio of 0.45 and a beta of 1.08. The firm has a 50-day moving average price of $398.99 and a 200 day moving average price of $369.01. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 4.54.

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

About Charter Communications

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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