832 Shares in Charter Communications, Inc. (NASDAQ:CHTR) Bought by ProVise Management Group LLC

ProVise Management Group LLC purchased a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) 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) 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.