Denali Advisors LLC bought a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,205 shares of the company's stock, valued at approximately $444,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of CHTR. ST Germain D J Co. Inc. grew its position in shares of Charter Communications by 1,283.3% during the 1st 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 during the period. SBI Securities Co. Ltd. lifted its stake in shares of Charter Communications by 93.2% during the 1st quarter. SBI Securities Co. Ltd. now owns 85 shares of the company's stock valued at $31,000 after buying an additional 41 shares in the last quarter. Generali Asset Management SPA SGR purchased a new stake in shares of Charter Communications during the 4th quarter valued at approximately $36,000. Brown Brothers Harriman & Co. lifted its stake in shares of 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 buying an additional 29 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of Charter Communications by 70.2% during the 1st quarter. Larson Financial Group LLC now owns 97 shares of the company's stock valued at $36,000 after buying an additional 40 shares in the last quarter. 81.76% of the stock is owned by institutional investors.
Charter Communications Stock Performance
Charter Communications stock opened at $382.08 on Friday. The firm's fifty day moving average price is $400.15 and its 200-day moving average price is $372.58. The company has a debt-to-equity ratio of 4.54, a quick ratio of 0.36 and a current ratio of 0.36. The stock has a market cap of $53.63 billion, a P/E ratio of 10.66, a price-to-earnings-growth ratio of 0.42 and a beta of 1.08. Charter Communications, Inc. has a fifty-two week low of $304.76 and a fifty-two week high of $437.06.
Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $13.74 billion for 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%. The business's quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the business posted $7.55 EPS. On average, equities research analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the stock. Wall Street Zen upgraded shares of Charter Communications from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Arete Research upgraded shares of Charter Communications to a "strong sell" rating in a research note on Tuesday, July 8th. Morgan Stanley upped their price target on shares of Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a research note on Monday, April 28th. Wells Fargo & Company upped their price target on shares of Charter Communications from $380.00 to $400.00 and gave the company an "equal weight" rating in a research note on Monday, April 28th. Finally, Bank of America increased their target price on shares of Charter Communications from $450.00 to $500.00 and gave the stock a "buy" rating in a research note on Tuesday, July 1st. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Charter Communications presently has an average rating of "Hold" and an average price target of $422.37.
Read Our Latest Report on CHTR
Charter Communications Company 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.
Further Reading
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