NBC Securities Inc. Boosts Position in Charter Communications, Inc. (NASDAQ:CHTR)

NBC Securities Inc. raised its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 5,028.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,616 shares of the company's stock after buying an additional 6,487 shares during the period. NBC Securities Inc.'s holdings in Charter Communications were worth $2,571,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Catalyst Capital Advisors LLC increased its stake in shares of 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 in the last quarter. Parkside Financial Bank & Trust raised its stake in Charter Communications by 9.8% during the 3rd quarter. Parkside Financial Bank & Trust now owns 313 shares of the company's stock worth $138,000 after acquiring an additional 28 shares during the period. Aspiriant LLC lifted its holdings in Charter Communications by 2.3% during the fourth quarter. Aspiriant LLC now owns 1,533 shares of the company's stock valued at $596,000 after purchasing an additional 35 shares in the last quarter. Axxcess Wealth Management LLC increased its stake in shares of Charter Communications by 5.8% in the fourth quarter. Axxcess Wealth Management LLC now owns 660 shares of the company's stock worth $257,000 after purchasing an additional 36 shares in the last quarter. Finally, Summit Trail Advisors LLC raised its position in shares of Charter Communications by 2.2% during the 3rd quarter. Summit Trail Advisors LLC now owns 1,744 shares of the company's stock valued at $767,000 after purchasing an additional 37 shares during the period. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Trading Up 4.4 %

CHTR stock traded up $11.62 during mid-day trading on Friday, reaching $275.55. 1,778,297 shares of the stock traded hands, compared to its average volume of 1,378,914. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $458.30. The stock has a market capitalization of $39.69 billion, a PE ratio of 8.91, a PEG ratio of 1.11 and a beta of 0.97. 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 business has a 50-day moving average price of $275.66 and a two-hundred day moving average price of $335.05.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly 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). Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The firm had revenue of $13.68 billion for the quarter, compared to the consensus estimate of $13.75 billion. During the same quarter in the previous year, the company posted $6.65 earnings per share. The business's revenue for the quarter was up .2% on a year-over-year basis. Equities research analysts expect that Charter Communications, Inc. will post 32.02 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Citigroup cut their price target on Charter Communications from $300.00 to $280.00 and set a "neutral" rating for the company in a research note on Monday, April 29th. Wells Fargo & Company dropped their price target on Charter Communications from $290.00 to $260.00 and set an "equal weight" rating for the company in a research note on Monday, April 29th. Loop Capital lowered their target price on shares of Charter Communications from $335.00 to $285.00 and set a "hold" rating on the stock in a report on Monday, April 29th. Barclays cut their target price on shares of Charter Communications from $280.00 to $250.00 and set an "underweight" rating for the company in a research note on Tuesday, April 2nd. Finally, UBS Group cut their price objective on Charter Communications from $360.00 to $325.00 and set a "neutral" rating for the company in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $356.47.

About Charter Communications

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.