Massmutual Trust Co. FSB ADV Has $48,000 Position in Charter Communications, Inc. (NASDAQ:CHTR)

Massmutual Trust Co. FSB ADV lifted its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 109.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 159 shares of the company’s stock after purchasing an additional 83 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Charter Communications were worth $48,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CHTR. Victory Capital Management Inc. grew its holdings in shares of Charter Communications by 2.9% in the 4th quarter. Victory Capital Management Inc. now owns 102,802 shares of the company’s stock valued at $39,957,000 after buying an additional 2,940 shares during the period. Bessemer Group Inc. grew its holdings in shares of Charter Communications by 50.8% in the 1st quarter. Bessemer Group Inc. now owns 9,147 shares of the company’s stock valued at $2,658,000 after buying an additional 3,080 shares during the period. Mackenzie Financial Corp grew its holdings in shares of Charter Communications by 14.3% in the 4th quarter. Mackenzie Financial Corp now owns 47,854 shares of the company’s stock valued at $18,600,000 after buying an additional 5,979 shares during the period. Sands Capital Management LLC grew its holdings in shares of Charter Communications by 5.7% in the 4th quarter. Sands Capital Management LLC now owns 319,860 shares of the company’s stock valued at $124,323,000 after buying an additional 17,112 shares during the period. Finally, Oakcliff Capital Partners LP grew its holdings in shares of Charter Communications by 8.2% in the 4th quarter. Oakcliff Capital Partners LP now owns 38,474 shares of the company’s stock valued at $14,954,000 after buying an additional 2,900 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Pivotal Research boosted their price objective on shares of Charter Communications from $400.00 to $435.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Citigroup boosted their price objective on shares of Charter Communications from $255.00 to $350.00 and gave the company a “sell” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their price objective on shares of Charter Communications from $300.00 to $385.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Morgan Stanley boosted their price objective on shares of Charter Communications from $330.00 to $360.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Finally, Loop Capital cut their price objective on shares of Charter Communications from $335.00 to $285.00 and set a “hold” rating on the stock in a research report on Monday, April 29th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Charter Communications presently has an average rating of “Hold” and an average target price of $360.93.

Charter Communications Trading Down 1.8 %

Shares of NASDAQ:CHTR opened at $356.78 on Wednesday. The company has a market capitalization of $50.93 billion, a P/E ratio of 11.54, a price-to-earnings-growth ratio of 0.70 and a beta of 1.04. The company has a debt-to-equity ratio of 5.84, a quick ratio of 0.40 and a current ratio of 0.39. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $458.30. The company has a 50-day simple moving average of $307.03 and a 200 day simple moving average of $295.49.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, July 26th. The company reported $8.49 earnings per share for the quarter, beating the consensus estimate of $7.98 by $0.51. The firm had revenue of $13.69 billion for the quarter, compared to analysts’ expectations of $13.59 billion. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The business’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm earned $8.05 EPS. Sell-side analysts forecast that Charter Communications, Inc. will post 32.52 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.