Wealthfront Advisers LLC Grows Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Wealthfront Advisers LLC raised its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 7.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,308 shares of the company's stock after acquiring an additional 1,515 shares during the period. Wealthfront Advisers LLC's holdings in Charter Communications were worth $8,590,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CHTR. Makaira Partners LLC lifted its stake in Charter Communications by 4.0% in the fourth quarter. Makaira Partners LLC now owns 373,191 shares of the company's stock worth $127,919,000 after acquiring an additional 14,510 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in Charter Communications by 213.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 26,344 shares of the company's stock worth $9,030,000 after acquiring an additional 17,952 shares during the last quarter. Private Trust Co. NA lifted its stake in Charter Communications by 69.5% in the first 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. Wealth Enhancement Advisory Services LLC lifted its stake in Charter Communications by 21.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,893 shares of the company's stock worth $1,435,000 after acquiring an additional 676 shares during the last quarter. Finally, Vontobel Holding Ltd. lifted its stake in Charter Communications by 25.2% in the first quarter. Vontobel Holding Ltd. now owns 1,649 shares of the company's stock worth $608,000 after acquiring an additional 332 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CHTR shares. Oppenheimer upgraded shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 price target for the company in a research note on Friday, May 16th. BNP Paribas restated an "underperform" rating and set a $290.00 price objective on shares of Charter Communications in a research report on Thursday, April 10th. UBS Group boosted their price objective on shares of Charter Communications from $400.00 to $425.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 18th. Wells Fargo & Company boosted their price objective on shares of Charter Communications from $380.00 to $400.00 and gave the stock an "equal weight" rating in a research report on Monday, April 28th. Finally, Raymond James Financial raised shares of Charter Communications from an "underperform" rating to a "market perform" rating in a report on Monday, May 19th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Charter Communications currently has a consensus rating of "Hold" and a consensus target price of $422.37.

Charter Communications Price Performance

Shares of Charter Communications stock traded down $1.48 on Friday, hitting $382.08. The company's stock had a trading volume of 1,122,264 shares, compared to its average volume of 1,293,245. Charter Communications, Inc. has a 52-week low of $304.76 and a 52-week high of $437.06. 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 firm has a fifty day moving average price of $400.54 and a 200-day moving average price of $372.10. The company has a market capitalization of $53.63 billion, a P/E ratio of 10.66, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released 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). Charter Communications had a return on equity of 27.70% and a net margin of 9.42%. The business had revenue of $13.74 billion during the quarter, compared to analysts' expectations of $13.67 billion. During the same quarter in the prior year, the firm earned $7.55 earnings per share. Charter Communications's quarterly revenue was up .4% on a year-over-year basis. On average, equities research analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal 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.