Victory Capital Management Inc. Increases Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Victory Capital Management Inc. raised its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 102,802 shares of the company's stock after purchasing an additional 2,940 shares during the period. Victory Capital Management Inc. owned approximately 0.07% of Charter Communications worth $39,957,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wetzel Investment Advisors Inc. bought a new position in shares of Charter Communications during the 4th quarter valued at $25,000. Catalyst Capital Advisors LLC raised its holdings in Charter Communications by 32.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company's stock worth $49,000 after purchasing an additional 27 shares during the period. Turtle Creek Wealth Advisors LLC bought a new position in Charter Communications in the 4th quarter worth $44,000. NBC Securities Inc. bought a new position in Charter Communications in the 3rd quarter worth $56,000. Finally, Bourgeon Capital Management LLC raised its holdings in Charter Communications by 219.5% in the 4th quarter. Bourgeon Capital Management LLC now owns 131 shares of the company's stock worth $51,000 after purchasing an additional 90 shares during the period. 81.76% of the stock is owned by institutional investors.

Charter Communications Trading Down 1.3 %

NASDAQ CHTR traded down $3.47 during trading on Tuesday, hitting $268.00. The stock had a trading volume of 1,219,139 shares, compared to its average volume of 1,563,970. The company has a debt-to-equity ratio of 6.28, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market capitalization of $38.60 billion, a price-to-earnings ratio of 8.67, a P/E/G ratio of 1.07 and a beta of 0.97. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $458.30. The stock has a 50 day simple moving average of $276.92 and a 200 day simple moving average of $337.76.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings data on Friday, April 26th. The company reported $7.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.78 by ($0.23). Charter Communications had a return on equity of 31.42% and a net margin of 8.50%. The firm had revenue of $13.68 billion during the quarter, compared to the consensus estimate of $13.75 billion. During the same period last year, the company earned $6.65 EPS. The firm's revenue for the quarter was up .2% compared to the same quarter last year. Sell-side analysts predict that Charter Communications, Inc. will post 32.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Loop Capital decreased their price target on Charter Communications from $335.00 to $285.00 and set a "hold" rating on the stock in a report on Monday, April 29th. UBS Group decreased their price target on Charter Communications from $360.00 to $325.00 and set a "neutral" rating on the stock in a report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft decreased their price target on Charter Communications from $375.00 to $320.00 and set a "hold" rating on the stock in a report on Tuesday, April 16th. Rosenblatt Securities cut their price objective on Charter Communications from $297.00 to $292.00 and set a "neutral" rating for the company in a research report on Monday, April 29th. Finally, Bank of America cut their price objective on Charter Communications from $315.00 to $300.00 and set a "neutral" rating for the company in a research report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $356.47.

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.