GAMMA Investing LLC Has $316.18 Million Position in Charter Communications, Inc. (NASDAQ:CHTR)

GAMMA Investing LLC lifted its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 43,296.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 857,938 shares of the company's stock after buying an additional 855,961 shares during the quarter. GAMMA Investing LLC owned approximately 0.60% of Charter Communications worth $316,176,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Caprock Group LLC grew its stake in Charter Communications by 39.7% during the 4th quarter. Caprock Group LLC now owns 3,517 shares of the company's stock worth $1,206,000 after purchasing an additional 999 shares in the last quarter. Makaira Partners LLC grew its stake in Charter Communications by 4.0% during the 4th quarter. Makaira Partners LLC now owns 373,191 shares of the company's stock worth $127,919,000 after purchasing an additional 14,510 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in Charter Communications by 213.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 26,344 shares of the company's stock worth $9,030,000 after purchasing an additional 17,952 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Charter Communications by 3.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,855 shares of the company's stock worth $1,696,000 after purchasing an additional 161 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Charter Communications during the 4th quarter worth $33,485,000. Hedge funds and other institutional investors own 81.76% of the company's stock.

Charter Communications Stock Up 0.4%

Shares of NASDAQ CHTR traded up $1.70 during mid-day trading on Wednesday, reaching $392.50. 411,478 shares of the company's stock were exchanged, compared to its average volume of 1,273,457. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The firm has a market capitalization of $55.09 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 0.44 and a beta of 1.11. The business has a fifty day simple moving average of $376.12 and a 200 day simple moving average of $367.78. Charter Communications, Inc. has a twelve month low of $272.49 and a twelve month high of $437.06.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted 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). Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. The company had revenue of $13.74 billion during the quarter, compared to the consensus estimate of $13.67 billion. During the same quarter in the prior year, the business earned $7.55 earnings per share. The firm's revenue for the quarter was up .4% compared to the same quarter last year. As a group, equities analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wells Fargo & Company upped their price objective on Charter Communications from $380.00 to $400.00 and gave the stock an "equal weight" rating in a research report on Monday, April 28th. Royal Bank of Canada raised their price objective on shares of Charter Communications from $385.00 to $395.00 and gave the company a "sector perform" rating in a research report on Monday, April 28th. BNP Paribas restated an "underperform" rating and set a $290.00 target price on shares of Charter Communications in a research report on Thursday, April 10th. Raymond James raised Charter Communications from an "underperform" rating to a "market perform" rating in a report on Monday, May 19th. Finally, Morgan Stanley increased their target price on Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a report on Monday, April 28th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, Charter Communications has an average rating of "Hold" and a consensus price target of $409.42.

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.