Clarius Group LLC Purchases Shares of 743 Charter Communications, Inc. (NASDAQ:CHTR)

Clarius Group LLC purchased a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 743 shares of the company's stock, valued at approximately $274,000.

Several other hedge funds have also recently made changes to their positions in the company. ST Germain D J Co. Inc. grew its stake 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 purchasing an additional 77 shares during the last quarter. Generali Asset Management SPA SGR purchased a new position in shares of Charter Communications in the 4th quarter worth $36,000. Brown Brothers Harriman & Co. raised its position in 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 acquiring an additional 29 shares during the period. NBC Securities Inc. purchased a new position in shares of Charter Communications during the 1st quarter valued at about $47,000. Finally, Union Bancaire Privee UBP SA purchased a new stake in Charter Communications during the 4th quarter valued at approximately $55,000. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Price Performance

Shares of NASDAQ CHTR traded up $8.94 during mid-day trading on Friday, reaching $386.37. 1,981,303 shares of the company traded hands, compared to its average volume of 1,285,913. The company has a debt-to-equity ratio of 4.54, a current ratio of 0.36 and a quick ratio of 0.36. The firm has a market cap of $54.23 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 0.41 and a beta of 1.07. The stock has a fifty day simple moving average of $385.45 and a 200-day simple moving average of $367.94. Charter Communications, Inc. has a fifty-two week low of $277.10 and a fifty-two week high of $437.06.

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

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Royal Bank Of Canada lifted their price target on shares of Charter Communications from $385.00 to $395.00 and gave the stock a "sector perform" rating in a research note on Monday, April 28th. Morgan Stanley lifted their target price on Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a research note on Monday, April 28th. Wolfe Research upgraded shares of Charter Communications from an "underperform" rating to a "peer perform" rating in a research note on Friday. Sanford C. Bernstein lowered Charter Communications from an "outperform" rating to a "market perform" rating and set a $410.00 price target on the stock. in a research note on Monday, June 2nd. Finally, Citigroup increased their price objective on shares of Charter Communications from $425.00 to $445.00 and gave the company a "buy" rating in a research report on Monday, April 28th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $410.20.

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.