ProVise Management Group LLC purchased a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR – Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 832 shares of the company’s stock, valued at approximately $242,000.
Other institutional investors have also recently bought and sold shares of the company. Wetzel Investment Advisors Inc. bought a new stake in shares of Charter Communications during the fourth quarter worth about $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in Charter Communications during the 4th quarter worth approximately $44,000. Cullen Frost Bankers Inc. raised its stake in shares of Charter Communications by 769.2% in the fourth quarter. Cullen Frost Bankers Inc. now owns 113 shares of the company’s stock worth $44,000 after purchasing an additional 100 shares during the last quarter. Bourgeon Capital Management LLC boosted its position in shares of Charter Communications by 219.5% during the fourth quarter. Bourgeon Capital Management LLC now owns 131 shares of the company’s stock valued at $51,000 after buying an additional 90 shares during the last quarter. Finally, Riverview Trust Co bought a new stake in Charter Communications during the first quarter worth $40,000. Institutional investors and hedge funds own 81.76% of the company’s stock.
Analyst Upgrades and Downgrades
CHTR has been the subject of several recent analyst reports. The Goldman Sachs Group initiated coverage on shares of Charter Communications in a research note on Monday, July 1st. They issued a “sell” rating and a $250.00 target price for the company. Morgan Stanley lifted their target price on shares of Charter Communications from $300.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Friday. Rosenblatt Securities cut their target price on Charter Communications from $297.00 to $292.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. JPMorgan Chase & Co. decreased their price target on Charter Communications from $370.00 to $335.00 and set a “neutral” rating for the company in a research report on Monday, April 1st. Finally, Barclays cut their price objective 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. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $331.80.
Charter Communications Stock Performance
NASDAQ CHTR traded down $1.32 during trading on Friday, hitting $320.31. 1,113,301 shares of the company’s stock traded hands, compared to its average volume of 1,438,073. The stock has a market capitalization of $46.13 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 1.40 and a beta of 1.04. 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 of $286.93 and a 200-day moving average of $298.54. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $458.30.
Charter Communications (NASDAQ:CHTR – Get Free Report) last released its quarterly earnings data 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 return on equity of 31.42% and a net margin of 8.50%. The business 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 business posted $6.65 earnings per share. The firm’s quarterly revenue was up .2% on a year-over-year basis. As a group, equities research analysts anticipate that Charter Communications, Inc. will post 32.27 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.
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