Dynamic Technology Lab Private Ltd Buys New Stake in Charter Communications Inc (CHTR)

Dynamic Technology Lab Private Ltd bought a new position in shares of Charter Communications Inc (NASDAQ:CHTR) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,907 shares of the company’s stock, valued at approximately $2,150,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kings Point Capital Management increased its holdings in Charter Communications by 68.4% in the fourth quarter. Kings Point Capital Management now owns 347 shares of the company’s stock valued at $117,000 after buying an additional 141 shares during the last quarter. MML Investors Services LLC increased its holdings in Charter Communications by 15.8% in the fourth quarter. MML Investors Services LLC now owns 1,046 shares of the company’s stock valued at $351,000 after buying an additional 143 shares during the last quarter. Mackenzie Financial Corp increased its holdings in Charter Communications by 27.7% in the fourth quarter. Mackenzie Financial Corp now owns 774 shares of the company’s stock valued at $260,000 after buying an additional 168 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Charter Communications by 4.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 3,918 shares of the company’s stock valued at $1,316,000 after buying an additional 173 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in Charter Communications by 28.6% in the first quarter. Signaturefd LLC now owns 921 shares of the company’s stock valued at $287,000 after buying an additional 205 shares during the last quarter. 69.19% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently weighed in on CHTR. Buckingham Research lowered their price objective on Charter Communications from $425.00 to $397.00 and set a “buy” rating for the company in a report on Monday, April 30th. KeyCorp began coverage on Charter Communications in a report on Wednesday, May 16th. They issued an “equal weight” rating for the company. SunTrust Banks lowered their price objective on Charter Communications to $390.00 and set a “buy” rating for the company in a report on Monday, April 30th. Jefferies Financial Group began coverage on Charter Communications in a report on Thursday, June 7th. They issued a “hold” rating and a $300.00 price objective for the company. Finally, Zacks Investment Research raised Charter Communications from a “strong sell” rating to a “hold” rating in a report on Monday, April 23rd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $383.89.

Charter Communications opened at $290.34 on Thursday, MarketBeat reports. The company has a market cap of $69.57 billion, a PE ratio of 129.07, a P/E/G ratio of 3.49 and a beta of 1.16. Charter Communications Inc has a 52 week low of $250.10 and a 52 week high of $408.83. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.21 and a quick ratio of 0.21.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, April 27th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.26. The company had revenue of $10.66 billion during the quarter, compared to analyst estimates of $10.62 billion. Charter Communications had a return on equity of 1.15% and a net margin of 23.55%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.57 earnings per share. equities research analysts anticipate that Charter Communications Inc will post 4 EPS for the current year.

Charter Communications Company Profile

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.

Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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