Clarius Group LLC acquired a new position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 743 shares of the company's stock, valued at approximately $274,000.
Other hedge funds also recently made changes to their positions in the company. ST Germain D J Co. Inc. boosted its holdings in shares of 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 worth $31,000 after buying an additional 77 shares during the period. Generali Asset Management SPA SGR acquired a new position in shares of Charter Communications in the fourth quarter worth about $36,000. Brown Brothers Harriman & Co. boosted its holdings in shares of Charter Communications by 37.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock worth $36,000 after buying an additional 29 shares during the period. NBC Securities Inc. acquired a new position in shares of Charter Communications in the first quarter worth about $47,000. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Charter Communications in the fourth quarter worth about $55,000. Institutional investors and hedge funds own 81.76% of the company's stock.
Analysts Set New Price Targets
Several brokerages have commented on CHTR. 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 report on Monday, April 28th. Wolfe Research upgraded shares of Charter Communications from an "underperform" rating to a "peer perform" rating in a report on Friday. Wall Street Zen upgraded shares of Charter Communications from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Raymond James Financial upgraded shares of Charter Communications from an "underperform" rating to a "market perform" rating in a report on Monday, May 19th. Finally, Morgan Stanley raised their price objective on shares of Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a research report on Monday, April 28th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $410.20.
Check Out Our Latest Report on Charter Communications
Charter Communications Stock Performance
CHTR stock traded up $6.21 on Monday, reaching $392.58. 787,026 shares of the company were exchanged, compared to its average volume of 1,282,061. Charter Communications, Inc. has a 12 month low of $282.18 and a 12 month high of $437.06. The stock's fifty day moving average price is $387.54 and its 200 day moving average price is $367.29. The firm has a market capitalization of $55.10 billion, a PE ratio of 10.96, a PEG ratio of 0.42 and a beta of 1.08. The company has a debt-to-equity ratio of 4.54, a current ratio of 0.36 and a quick ratio of 0.36.
Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its 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 return on equity of 27.70% and a net margin of 9.42%. The company had revenue of $13.74 billion for the quarter, compared to the consensus estimate of $13.67 billion. During the same period last year, the firm posted $7.55 EPS. The company's revenue was up .4% compared to the same quarter last year. On average, research analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.
About Charter Communications
(
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.
Featured Articles
Before you consider Charter Communications, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Charter Communications wasn't on the list.
While Charter Communications currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
