Capital Asset Advisory Services LLC Makes New $933,000 Investment in Charter Communications, Inc. $CHTR

Capital Asset Advisory Services LLC purchased a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,320 shares of the company’s stock, valued at approximately $933,000.

Several other hedge funds also recently modified their holdings of CHTR. Quarry LP increased its holdings in Charter Communications by 153.2% in the 4th quarter. Quarry LP now owns 119 shares of the company’s stock worth $25,000 after purchasing an additional 72 shares in the last quarter. Altshuler Shaham Ltd acquired a new stake in shares of Charter Communications during the fourth quarter valued at about $25,000. DV Equities LLC acquired a new stake in shares of Charter Communications during the fourth quarter valued at about $25,000. Geneos Wealth Management Inc. increased its stake in shares of Charter Communications by 141.0% in the first 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 period. Finally, Manchester Capital Management LLC increased its stake in shares of Charter Communications by 1,600.0% in the fourth quarter. Manchester Capital Management LLC now owns 187 shares of the company’s stock valued at $39,000 after buying an additional 176 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

CHTR has been the topic of several recent research reports. Benchmark cut their target price on shares of Charter Communications from $455.00 to $435.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Citigroup decreased their price target on shares of Charter Communications from $230.00 to $190.00 and set a “buy” rating for the company in a research report on Monday. New Street Research cut their price target on shares of Charter Communications from $328.00 to $302.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. JPMorgan Chase & Co. assumed coverage on shares of Charter Communications in a research note on Wednesday, April 29th. They issued a “neutral” rating and a $215.00 price objective on the stock. Finally, The Goldman Sachs Group decreased their price objective on Charter Communications from $185.00 to $125.00 and set a “sell” rating for the company in a report on Thursday. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $262.56.

Insiders Place Their Bets

In other Charter Communications news, Director Mauricio Ramos acquired 9,929 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were bought at an average cost of $140.93 per share, with a total value of $1,399,293.97. Following the purchase, the director directly owned 19,309 shares of the company’s stock, valued at $2,721,217.37. This trade represents a 105.85% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Balan Nair bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The shares were acquired at an average price of $175.46 per share, for a total transaction of $175,460.00. Following the transaction, the director owned 12,029 shares in the company, valued at $2,110,608.34. This represents a 9.07% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 20,125 shares of company stock valued at $3,167,116 over the last quarter. Company insiders own 1.10% of the company’s stock.

Charter Communications Stock Down 1.9%

Charter Communications stock opened at $137.20 on Friday. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.40 and a current ratio of 0.40. Charter Communications, Inc. has a 52-week low of $124.05 and a 52-week high of $422.29. The firm has a 50 day moving average price of $147.87 and a two-hundred day moving average price of $192.50. The firm has a market cap of $16.87 billion, a price-to-earnings ratio of 3.71, a PEG ratio of 0.24 and a beta of 0.71.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, April 24th. The company reported $9.17 EPS for the quarter, missing analysts’ consensus estimates of $10.01 by ($0.84). Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The firm had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.56 billion. During the same period in the prior year, the company posted $8.42 earnings per share. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. Equities analysts predict that Charter Communications, Inc. will post 43 EPS for the current 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.