Kennondale Capital Management LLC Acquires New Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Kennondale Capital Management LLC bought a new position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 741 shares of the company's stock, valued at approximately $254,000.

Other large investors also recently added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its holdings in Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock valued at $30,000 after purchasing an additional 45 shares during the period. Sierra Ocean LLC acquired a new stake in Charter Communications in the 4th quarter valued at about $32,000. Wingate Wealth Advisors Inc. acquired a new stake in Charter Communications in the 4th quarter valued at about $45,000. Union Bancaire Privee UBP SA bought a new position in shares of Charter Communications in the 4th quarter valued at about $55,000. Finally, BankPlus Trust Department bought a new position in shares of Charter Communications in the 4th quarter valued at about $71,000. 81.76% of the stock is owned by institutional investors.

Charter Communications Price Performance

CHTR traded up $1.23 on Friday, hitting $363.81. 1,569,789 shares of the stock were exchanged, compared to its average volume of 1,194,285. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27. The business has a 50-day moving average of $356.74 and a two-hundred day moving average of $354.94. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market capitalization of $51.73 billion, a price-to-earnings ratio of 10.41, a PEG ratio of 0.44 and a beta of 1.13.

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Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, topping the consensus estimate 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 in the prior year, the business earned $7.07 earnings per share. Sell-side analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CHTR. Citigroup began coverage on shares of Charter Communications in a research note on Friday, March 14th. They issued a "buy" rating and a $425.00 target price on the stock. KeyCorp raised shares of Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 target price on the stock in a research note on Thursday, December 12th. StockNews.com raised shares of Charter Communications from a "hold" rating to a "buy" rating in a research note on Tuesday. Royal Bank of Canada lifted their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a research note on Monday, February 3rd. Finally, Barclays lifted their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a research note on Monday, February 3rd. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Charter Communications currently has a consensus rating of "Hold" and a consensus price target of $389.39.

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.