2,328 Shares in Charter Communications, Inc. (NASDAQ:CHTR) Acquired by Tounjian Advisory Partners LLC

Tounjian Advisory Partners LLC bought a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,328 shares of the company's stock, valued at approximately $858,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. boosted its holdings in Charter Communications by 1,283.3% during the first quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock worth $31,000 after buying an additional 77 shares during the last quarter. Sierra Ocean LLC bought a new position in shares of Charter Communications during the 4th quarter valued at about $32,000. Generali Asset Management SPA SGR bought a new position in shares of Charter Communications during the 4th quarter valued at about $36,000. Brown Brothers Harriman & Co. lifted its holdings in shares of Charter Communications by 37.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock valued at $36,000 after purchasing an additional 29 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of Charter Communications during the 4th quarter valued at about $45,000. Institutional investors own 81.76% of the company's stock.

Analysts Set New Price Targets

CHTR has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price objective on Charter Communications from $380.00 to $400.00 and gave the company an "equal weight" rating in a report on Monday, April 28th. Sanford C. Bernstein cut Charter Communications from an "outperform" rating to a "market perform" rating and set a $410.00 price objective on the stock. in a report on Monday, June 2nd. Loop Capital upgraded Charter Communications from a "hold" rating to a "buy" rating and lifted their price objective for the company from $430.00 to $510.00 in a report on Monday, May 19th. Morgan Stanley lifted their price objective on Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a report on Monday, April 28th. Finally, Citigroup lifted their price objective on Charter Communications from $425.00 to $445.00 and gave the company a "buy" 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 issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $409.42.

Charter Communications Stock Down 2.1%

Shares of NASDAQ:CHTR traded down $8.18 during trading on Friday, hitting $388.72. 1,311,141 shares of the company were exchanged, compared to its average volume of 1,281,699. The stock has a market cap 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. Charter Communications, Inc. has a fifty-two week low of $272.49 and a fifty-two week high of $437.06. The firm has a fifty day moving average price of $381.06 and a two-hundred day moving average price of $368.41. 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 posted its quarterly 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 company had revenue of $13.74 billion for the quarter, compared to analyst estimates of $13.67 billion. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. The firm's revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the firm earned $7.55 EPS. As a group, research analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share 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.