Everhart Financial Group Inc. Makes New Investment in Charter Communications, Inc. (NASDAQ:CHTR)

Everhart Financial Group Inc. acquired a new position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 733 shares of the company's stock, valued at approximately $270,000.

Other large investors have also added to or reduced their stakes in the company. ST Germain D J Co. Inc. increased its stake in Charter Communications by 1,283.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock worth $31,000 after acquiring an additional 77 shares during the last quarter. Sierra Ocean LLC bought a new stake in Charter Communications in the 4th quarter worth approximately $32,000. Generali Asset Management SPA SGR purchased a new position in shares of Charter Communications in the 4th quarter worth approximately $36,000. Brown Brothers Harriman & Co. boosted its holdings in shares of Charter Communications by 37.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock worth $36,000 after purchasing an additional 29 shares during the period. Finally, NBC Securities Inc. purchased a new position in shares of Charter Communications in the 1st quarter worth approximately $47,000. Institutional investors own 81.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CHTR shares. Wall Street Zen upgraded Charter Communications from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Loop Capital upgraded Charter Communications from a "hold" rating to a "buy" rating and lifted their target price for the stock from $430.00 to $510.00 in a report on Monday, May 19th. Royal Bank of Canada lifted their target price on Charter Communications from $385.00 to $395.00 and gave the stock a "sector perform" rating in a report on Monday, April 28th. 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 report on Friday, May 16th. Finally, Wells Fargo & Company lifted their target price on Charter Communications from $380.00 to $400.00 and gave the stock an "equal weight" rating in a report on Monday, April 28th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $409.42.

Charter Communications Price Performance

Shares of CHTR stock opened at $388.72 on Friday. Charter Communications, Inc. has a twelve month low of $273.59 and a twelve month high of $437.06. The stock has a market capitalization of $54.56 billion, a price-to-earnings ratio of 11.12, a P/E/G ratio of 0.44 and a beta of 1.07. The stock has a fifty day simple moving average of $382.40 and a two-hundred day simple moving average of $368.25. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued 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). The firm had revenue of $13.74 billion during the quarter, compared to analysts' expectations of $13.67 billion. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. Charter Communications's quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $7.55 earnings per share. On average, analysts predict that Charter Communications, Inc. will post 38.16 EPS 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.