Neo Ivy Capital Management bought a new position in Charter Communications, Inc. (NASDAQ:CHTR - Get Rating) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,564 shares of the company's stock, valued at approximately $1,209,000. Charter Communications accounts for approximately 0.8% of Neo Ivy Capital Management's holdings, making the stock its 6th biggest position.
Several other hedge funds and other institutional investors also recently made changes to their positions in CHTR. Parallel Advisors LLC raised its position in Charter Communications by 4.9% during the fourth quarter. Parallel Advisors LLC now owns 536 shares of the company's stock valued at $182,000 after acquiring an additional 25 shares in the last quarter. Ellevest Inc. grew its holdings in Charter Communications by 54.2% during the fourth quarter. Ellevest Inc. now owns 74 shares of the company's stock valued at $25,000 after purchasing an additional 26 shares during the last quarter. Legacy Advisors LLC grew its holdings in Charter Communications by 2.5% during the third quarter. Legacy Advisors LLC now owns 1,197 shares of the company's stock valued at $363,000 after purchasing an additional 29 shares during the last quarter. Zions Bancorporation N.A. grew its holdings in Charter Communications by 22.1% during the fourth quarter. Zions Bancorporation N.A. now owns 177 shares of the company's stock valued at $60,000 after purchasing an additional 32 shares during the last quarter. Finally, Stephens Inc. AR grew its holdings in Charter Communications by 4.3% during the fourth quarter. Stephens Inc. AR now owns 798 shares of the company's stock valued at $271,000 after purchasing an additional 33 shares during the last quarter. 66.05% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages have commented on CHTR. Loop Capital lowered their price target on Charter Communications from $405.00 to $390.00 in a report on Tuesday, January 31st. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Charter Communications from $425.00 to $400.00 in a research note on Monday, May 15th. Bank of America lifted their price target on shares of Charter Communications from $405.00 to $425.00 in a research note on Monday, May 1st. Credit Suisse Group lifted their price objective on Charter Communications from $541.00 to $606.00 and gave the company an "outperform" rating in a report on Monday, January 30th. Finally, JPMorgan Chase & Co. cut their price objective on Charter Communications from $470.00 to $450.00 in a report on Sunday, January 29th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $481.35.
Charter Communications Stock Down 2.9 %
NASDAQ CHTR traded down $9.47 during trading hours on Thursday, reaching $321.77. 1,029,742 shares of the company's stock were exchanged, compared to its average volume of 1,103,216. The company's 50-day moving average is $345.34 and its two-hundred day moving average is $362.79. Charter Communications, Inc. has a one year low of $297.66 and a one year high of $515.66. The company has a debt-to-equity ratio of 7.44, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market capitalization of $49.12 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 0.46 and a beta of 1.10.
Charter Communications (NASDAQ:CHTR - Get Rating) last posted its earnings results on Friday, April 28th. The company reported $6.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $7.21 by ($0.56). Charter Communications had a return on equity of 37.99% and a net margin of 8.95%. The business had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.61 billion. During the same period in the previous year, the company posted $6.90 earnings per share. Charter Communications's revenue for the quarter was up 3.4% compared to the same quarter last year. On average, analysts forecast that Charter Communications, Inc. will post 30.66 EPS for the current fiscal year.
Charter Communications Profile
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Charter Communications, Inc engages in the provision of broadband communications services. Its services include Spectrum TV, Spectrum Internet, and Spectrum Voice. The firm offers business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul.
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