Surience Private Wealth LLC Acquires New Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Surience Private Wealth LLC acquired a new position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,263 shares of the company's stock, valued at approximately $1,571,000. Charter Communications comprises approximately 2.7% of Surience Private Wealth LLC's holdings, making the stock its 12th biggest position.

Other institutional investors and hedge funds have also modified their holdings of the company. ST Germain D J Co. Inc. boosted its position in shares of Charter Communications by 1,283.3% in the first 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. Generali Asset Management SPA SGR bought a new stake in shares of Charter Communications in the fourth quarter valued at approximately $36,000. Brown Brothers Harriman & Co. boosted its position in shares of Charter Communications by 37.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock valued at $36,000 after acquiring an additional 29 shares during the period. NBC Securities Inc. bought a new position in Charter Communications in the first quarter worth $47,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Charter Communications by 29.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the company's stock worth $97,000 after purchasing an additional 60 shares during the period. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Trading Up 1.8%

CHTR stock traded up $6.96 during midday trading on Friday, reaching $400.97. The stock had a trading volume of 1,942,812 shares, compared to its average volume of 1,268,524. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 4.54. Charter Communications, Inc. has a twelve month low of $286.66 and a twelve month high of $437.06. The firm has a market cap of $56.28 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 0.44 and a beta of 1.07. The business has a fifty day simple moving average of $392.41 and a two-hundred day simple moving average of $368.04.

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

Wall Street Analyst Weigh In

Several brokerages recently commented on CHTR. Royal Bank Of Canada raised their target price on Charter Communications from $385.00 to $395.00 and gave the stock a "sector perform" rating in a research report on Monday, April 28th. Wall Street Zen raised Charter Communications from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Oppenheimer raised Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 target price for the company in a research report on Friday, May 16th. Wolfe Research raised Charter Communications from an "underperform" rating to a "peer perform" rating in a research report on Friday, June 20th. Finally, Loop Capital raised Charter Communications from a "hold" rating to a "buy" rating and raised their target price for the stock from $430.00 to $510.00 in a research report on Monday, May 19th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Charter Communications has a consensus rating of "Hold" and a consensus target price of $410.20.

Charter Communications Company 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.