Huntleigh Advisors Inc. Takes Position in Charter Communications, Inc. (NASDAQ:CHTR)

Huntleigh Advisors 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 disclosure with the SEC. The fund purchased 26,000 shares of the company's stock, valued at approximately $8,912,000. Charter Communications accounts for approximately 1.7% of Huntleigh Advisors Inc.'s holdings, making the stock its 12th biggest holding.

Several other institutional investors have also recently made changes to their positions in CHTR. Norges Bank purchased a new stake in Charter Communications in the fourth quarter valued at approximately $1,032,236,000. Price T Rowe Associates Inc. MD raised its position 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 raised its position in 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 purchasing an additional 855,961 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Charter Communications by 130.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company's stock valued at $369,566,000 after purchasing an additional 609,554 shares during the period. Finally, LSV Asset Management increased its position in shares of Charter Communications by 8,343.1% during the fourth quarter. LSV Asset Management now owns 177,305 shares of the company's stock worth $60,775,000 after acquiring an additional 175,205 shares during the period. Hedge funds and other institutional investors own 81.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CHTR. Loop Capital raised Charter Communications from a "hold" rating to a "buy" rating and upped their price objective for the stock from $430.00 to $510.00 in a research report on Monday, May 19th. Bank of America upped their price objective on Charter Communications from $450.00 to $500.00 and gave the stock a "buy" rating in a research report on Tuesday. Morgan Stanley upped their price objective on Charter Communications from $385.00 to $415.00 and gave the stock an "equal weight" rating in a research report on Monday, April 28th. Oppenheimer raised Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 price objective on the stock in a research report on Friday, May 16th. Finally, Citigroup upped their price objective on Charter Communications from $425.00 to $445.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $421.26.

Charter Communications Stock Performance

NASDAQ CHTR opened at $416.25 on Friday. The company has a debt-to-equity ratio of 4.54, a current ratio of 0.36 and a quick ratio of 0.36. Charter Communications, Inc. has a 1 year low of $286.66 and a 1 year high of $437.06. The company has a market capitalization of $58.42 billion, a PE ratio of 11.62, a P/E/G ratio of 0.45 and a beta of 1.08. The company has a fifty day moving average of $398.99 and a two-hundred day moving average of $369.01.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.70 by ($0.28). Charter Communications had a net margin of 9.42% and a return on equity of 27.70%. The company had revenue of $13.74 billion during the quarter, compared to analyst estimates of $13.67 billion. During the same quarter in the prior year, the company earned $7.55 EPS. The business's revenue was up .4% on a year-over-year basis. As a group, analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current 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.

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