Raymond James & Associates Buys 81,873 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Raymond James & Associates increased its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 71.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 196,415 shares of the company's stock after purchasing an additional 81,873 shares during the period. Raymond James & Associates owned 0.14% of Charter Communications worth $57,084,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Wetzel Investment Advisors Inc. bought a new stake in Charter Communications during the 4th quarter valued at $25,000. Riverview Trust Co bought a new stake in Charter Communications during the 1st quarter valued at $40,000. Turtle Creek Wealth Advisors LLC bought a new stake in Charter Communications during the 4th quarter valued at $44,000. Cullen Frost Bankers Inc. raised its stake in Charter Communications by 769.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 113 shares of the company's stock valued at $44,000 after acquiring an additional 100 shares in the last quarter. Finally, Catalyst Capital Advisors LLC raised its stake in Charter Communications by 32.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company's stock valued at $49,000 after acquiring an additional 27 shares in the last quarter. Institutional investors own 81.76% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on CHTR. JPMorgan Chase & Co. cut their target price on Charter Communications from $370.00 to $335.00 and set a "neutral" rating on the stock in a research note on Monday, April 1st. UBS Group lowered their price target on Charter Communications from $360.00 to $325.00 and set a "neutral" rating on the stock in a research report on Thursday, March 28th. Loop Capital lowered their price target on Charter Communications from $335.00 to $285.00 and set a "hold" rating on the stock in a research report on Monday, April 29th. Barclays lowered their price target on Charter Communications from $280.00 to $250.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 2nd. Finally, Sanford C. Bernstein upgraded Charter Communications from a "market perform" rating to an "outperform" rating and set a $370.00 price target on the stock in a research report on Monday, March 18th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $356.47.

Charter Communications Price Performance

Shares of NASDAQ CHTR traded up $3.93 during mid-day trading on Friday, reaching $265.93. The company had a trading volume of 865,841 shares, compared to its average volume of 1,308,826. The company has a current ratio of 0.40, a quick ratio of 0.31 and a debt-to-equity ratio of 6.28. The stock has a market cap of $38.62 billion, a PE ratio of 8.60, a P/E/G ratio of 1.05 and a beta of 0.97. The company has a 50-day moving average price of $277.79 and a two-hundred day moving average price of $341.59. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $458.30.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its earnings results on Friday, April 26th. The company reported $7.55 EPS for the quarter, missing the consensus estimate of $7.78 by ($0.23). The business had revenue of $13.68 billion during the quarter, compared to analyst estimates of $13.75 billion. Charter Communications had a return on equity of 31.42% and a net margin of 8.50%. The business's quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the business earned $6.65 EPS. On average, equities analysts anticipate that Charter Communications, Inc. will post 32.02 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.