D Orazio & Associates Inc. bought a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 757 shares of the company's stock, valued at approximately $259,000.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Chemistry Wealth Management LLC raised its position in shares of Charter Communications by 4.8% during the 4th quarter. Chemistry Wealth Management LLC now owns 660 shares of the company's stock worth $226,000 after purchasing an additional 30 shares during the last quarter. US Bancorp DE raised its holdings in shares of Charter Communications by 0.4% in the third quarter. US Bancorp DE now owns 7,370 shares of the company's stock worth $2,388,000 after acquiring an additional 31 shares during the last quarter. Grove Bank & Trust lifted its position in shares of Charter Communications by 39.1% in the third quarter. Grove Bank & Trust now owns 121 shares of the company's stock valued at $39,000 after acquiring an additional 34 shares in the last quarter. CVA Family Office LLC boosted its stake in shares of Charter Communications by 31.3% during the third quarter. CVA Family Office LLC now owns 147 shares of the company's stock valued at $48,000 after acquiring an additional 35 shares during the last quarter. Finally, Capital Advisors Ltd. LLC increased its position in Charter Communications by 28.7% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company's stock worth $51,000 after purchasing an additional 35 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.
Charter Communications Stock Up 1.0 %
Shares of Charter Communications stock traded up $3.64 during trading hours on Wednesday, hitting $354.56. 762,738 shares of the company's stock traded hands, compared to its average volume of 1,192,641. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The company has a market cap of $50.42 billion, a PE ratio of 10.14, a PEG ratio of 0.43 and a beta of 1.11. The company has a quick ratio of 0.34, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The stock has a 50 day simple moving average of $356.87 and a 200-day simple moving average of $354.19.
Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating analysts' consensus estimates of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same quarter last year, the firm posted $7.07 earnings per share. Equities research analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms have issued reports on CHTR. Benchmark reaffirmed a "buy" rating and set a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. KeyCorp upgraded Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price target for the company in a report on Thursday, December 12th. Wells Fargo & Company raised their price objective on Charter Communications from $350.00 to $400.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. Royal Bank of Canada upped their target price on Charter Communications from $380.00 to $385.00 and gave the company a "sector perform" rating in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. raised their price target on Charter Communications from $385.00 to $400.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $384.42.
Read Our Latest Analysis on CHTR
About Charter Communications
(
Free Report)
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.
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