CX Institutional Has $3.26 Million Position in Charter Communications, Inc. (NASDAQ:CHTR)

CX Institutional grew its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 41.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,905 shares of the company’s stock after purchasing an additional 3,199 shares during the period. CX Institutional’s holdings in Charter Communications were worth $3,260,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CHTR. Wetzel Investment Advisors Inc. purchased a new stake in Charter Communications in the 4th quarter worth approximately $25,000. CVA Family Office LLC increased its position in Charter Communications by 5,500.0% in the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock worth $33,000 after purchasing an additional 110 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Charter Communications during the 4th quarter worth about $44,000. Cullen Frost Bankers Inc. lifted its holdings in shares of Charter Communications by 769.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 113 shares of the company’s stock valued at $44,000 after buying an additional 100 shares during the last quarter. Finally, New Covenant Trust Company N.A. acquired a new position in Charter Communications in the first quarter worth approximately $34,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Price Performance

Charter Communications stock opened at $362.11 on Friday. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $458.30. The firm has a market cap of $52.15 billion, a P/E ratio of 11.77, a P/E/G 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. The business’s fifty day moving average is $310.44 and its two-hundred day moving average is $296.37.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, July 26th. The company reported $8.49 earnings per share for the quarter, topping analysts’ consensus estimates of $7.98 by $0.51. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The company had revenue of $13.69 billion during the quarter, compared to the consensus estimate of $13.59 billion. During the same period in the previous year, the firm posted $8.05 earnings per share. The company’s revenue was up .2% on a year-over-year basis. Equities research analysts forecast that Charter Communications, Inc. will post 32.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on CHTR shares. Deutsche Bank Aktiengesellschaft raised their target price on Charter Communications from $300.00 to $325.00 and gave the company a “hold” rating in a report on Monday, July 29th. Pivotal Research boosted their target price on Charter Communications from $400.00 to $435.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Barclays increased their price target on Charter Communications from $250.00 to $300.00 and gave the company an “underweight” rating in a report on Monday, July 29th. Rosenblatt Securities raised their target price on shares of Charter Communications from $292.00 to $329.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Finally, Wells Fargo & Company boosted their target price on shares of Charter Communications from $260.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Charter Communications has a consensus rating of “Hold” and an average price target of $360.93.

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.