ETRADE Capital Management LLC raised its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 22.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,294 shares of the company’s stock after acquiring an additional 240 shares during the period. ETRADE Capital Management LLC’s holdings in Charter Communications were worth $435,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in CHTR. Price Capital Management Inc. acquired a new position in Charter Communications in the 4th quarter valued at $101,000. Northwestern Mutual Wealth Management Co. raised its holdings in Charter Communications by 109.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 409 shares of the company’s stock valued at $137,000 after acquiring an additional 214 shares in the last quarter. Icon Wealth Partners LLC acquired a new position in Charter Communications in the 4th quarter valued at $151,000. CLS Investments LLC raised its holdings in Charter Communications by 4,733.3% in the 3rd quarter. CLS Investments LLC now owns 435 shares of the company’s stock valued at $158,000 after acquiring an additional 426 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its holdings in Charter Communications by 16,866.7% in the 4th quarter. Valeo Financial Advisors LLC now owns 509 shares of the company’s stock valued at $171,000 after acquiring an additional 506 shares in the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on CHTR shares. Zacks Investment Research cut Charter Communications from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 26th. Moffett Nathanson raised Charter Communications from a “neutral” rating to a “buy” rating in a report on Monday, January 8th. Wells Fargo & Co raised Charter Communications from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $387.50 to $460.00 in a report on Monday, February 5th. Buckingham Research started coverage on Charter Communications in a report on Wednesday, December 13th. They issued a “buy” rating and a $415.00 price objective for the company. Finally, Argus reaffirmed a “buy” rating and issued a $450.00 price objective on shares of Charter Communications in a report on Wednesday, February 21st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $407.17.
Charter Communications, Inc. (CHTR) opened at $359.22 on Tuesday. Charter Communications, Inc. has a 52 week low of $308.30 and a 52 week high of $408.83. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $82,902.30, a price-to-earnings ratio of 10.02, a PEG ratio of 3.83 and a beta of 1.20.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, February 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.01. Charter Communications had a return on equity of 1.11% and a net margin of 23.80%. The company had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter last year, the company posted $1.67 EPS. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. sell-side analysts expect that Charter Communications, Inc. will post 4.32 earnings per share for the current year.
Charter Communications Profile
Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.
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