Everhart Financial Group Inc. Buys New Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Everhart Financial Group Inc. purchased a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 733 shares of the company's stock, valued at approximately $270,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Charter Communications during the 4th quarter valued at about $1,032,236,000. Price T Rowe Associates Inc. MD grew its holdings in Charter Communications by 822.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company's stock valued at $433,167,000 after purchasing an additional 1,126,783 shares during the period. GAMMA Investing LLC increased its position in shares of Charter Communications by 43,296.0% in the first quarter. GAMMA Investing LLC now owns 857,938 shares of the company's stock valued at $316,176,000 after buying an additional 855,961 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Charter Communications by 130.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company's stock worth $369,566,000 after buying an additional 609,554 shares during the period. Finally, LSV Asset Management raised its stake in shares of Charter Communications by 8,343.1% during the 4th quarter. LSV Asset Management now owns 177,305 shares of the company's stock worth $60,775,000 after buying an additional 175,205 shares during the period. Hedge funds and other institutional investors own 81.76% of the company's stock.

Wall Street Analyst Weigh In

CHTR has been the topic of a number of research analyst reports. Wells Fargo & Company lifted 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. Wall Street Zen upgraded shares of Charter Communications from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Raymond James Financial raised shares of Charter Communications from an "underperform" rating to a "market perform" rating in a research note on Monday, May 19th. Oppenheimer upgraded Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 price objective on the stock in a report on Friday, May 16th. Finally, Morgan Stanley boosted their price objective on Charter Communications from $385.00 to $415.00 and gave the stock an "equal weight" rating in a research note on Monday, April 28th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $410.20.

Charter Communications Stock Up 1.3%

Shares of CHTR traded up $4.76 during mid-day trading on Wednesday, reaching $378.38. The company's stock had a trading volume of 621,581 shares, compared to its average volume of 1,281,275. The stock has a market cap of $53.11 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 0.41 and a beta of 1.07. Charter Communications, Inc. has a 12-month low of $277.10 and a 12-month high of $437.06. 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 company's 50 day moving average is $384.01 and its 200 day moving average is $367.99.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The company reported $8.42 earnings per share for the quarter, missing analysts' consensus estimates of $8.70 by ($0.28). The company had revenue of $13.74 billion during 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%. Charter Communications's revenue was up .4% on a year-over-year basis. During the same period last year, the firm earned $7.55 earnings per share. Equities analysts anticipate 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.