Krilogy Financial LLC Buys Shares of 2,804 Charter Communications, Inc. $CHTR

Krilogy Financial LLC purchased a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,804 shares of the company’s stock, valued at approximately $771,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Atlantic Union Bankshares Corp acquired a new stake in Charter Communications in the 2nd quarter worth approximately $25,000. Webster Bank N. A. bought a new position in shares of Charter Communications in the third quarter valued at approximately $28,000. Heritage Wealth Advisors acquired a new stake in shares of Charter Communications in the second quarter worth $29,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Charter Communications during the 3rd quarter worth $30,000. Finally, Geneos Wealth Management Inc. grew its stake in Charter Communications by 141.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after buying an additional 55 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Wells Fargo & Company lifted their price target on Charter Communications from $180.00 to $200.00 and gave the stock an “underweight” rating in a research report on Monday, February 2nd. KeyCorp reaffirmed a “sector weight” rating on shares of Charter Communications in a research report on Monday, January 26th. Zacks Research downgraded shares of Charter Communications from a “hold” rating to a “strong sell” rating in a report on Friday, January 16th. The Goldman Sachs Group decreased their price target on shares of Charter Communications from $210.00 to $185.00 and set a “sell” rating on the stock in a research report on Monday, February 2nd. Finally, New Street Research cut their price objective on shares of Charter Communications from $479.00 to $328.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and seven have issued a Sell rating to the stock. Based on data from MarketBeat, Charter Communications presently has an average rating of “Reduce” and a consensus price target of $335.67.

Charter Communications Stock Up 0.4%

Shares of NASDAQ CHTR opened at $239.09 on Friday. Charter Communications, Inc. has a 52-week low of $180.38 and a 52-week high of $437.06. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.39 and a current ratio of 0.39. The business has a fifty day moving average of $208.30 and a two-hundred day moving average of $234.13. The stock has a market cap of $30.28 billion, a PE ratio of 6.59, a PEG ratio of 0.37 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, January 30th. The company reported $10.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.40 by ($0.06). Charter Communications had a return on equity of 24.63% and a net margin of 9.10%.The firm had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.73 billion. During the same quarter last year, the business earned $10.10 EPS. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, equities research analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Charter Communications Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.