Friedenthal Financial Invests $754,000 in Charter Communications, Inc. (NASDAQ:CHTR)

Friedenthal Financial purchased a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,328 shares of the company's stock, valued at approximately $754,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. lifted its stake in Charter Communications by 5.4% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 1,074 shares of the company's stock valued at $417,000 after buying an additional 55 shares in the last quarter. HighPoint Advisor Group LLC acquired a new position in shares of Charter Communications in the fourth quarter valued at about $337,000. Mather Group LLC. bought a new stake in Charter Communications during the first quarter worth about $120,000. Alaska Permanent Fund Corp lifted its position in Charter Communications by 9.2% during the first quarter. Alaska Permanent Fund Corp now owns 7,701 shares of the company's stock worth $2,238,000 after purchasing an additional 647 shares during the period. Finally, Gulf International Bank UK Ltd lifted its position in Charter Communications by 0.5% during the first quarter. Gulf International Bank UK Ltd now owns 8,067 shares of the company's stock worth $2,344,000 after purchasing an additional 40 shares during the period. 81.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CHTR. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Charter Communications from $300.00 to $325.00 and gave the company a "hold" rating in a report on Monday, July 29th. Bank of America upped their price target on Charter Communications from $360.00 to $385.00 and gave the company a "neutral" rating in a research report on Monday, July 29th. TD Cowen upped their price objective on shares of Charter Communications from $488.00 to $525.00 and gave the stock a "buy" rating in a research report on Monday, July 29th. Barclays upped their price objective on shares of Charter Communications from $250.00 to $300.00 and gave the stock an "underweight" rating in a research report on Monday, July 29th. Finally, Wells Fargo & Company upped their target price on Charter Communications from $260.00 to $350.00 and gave the stock an "equal weight" rating in a research note on Monday, July 29th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $356.41.

Charter Communications Price Performance

CHTR stock traded down $1.92 during mid-day trading on Friday, reaching $325.61. The company's stock had a trading volume of 931,900 shares, compared to its average volume of 1,371,634. The company's 50 day moving average is $336.52 and its two-hundred day moving average is $307.34. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $449.69. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 5.84. The stock has a market cap of $46.90 billion, a PE ratio of 10.53, a P/E/G ratio of 0.62 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings results on Friday, July 26th. The company reported $8.49 EPS for the quarter, beating the consensus estimate 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 analysts' expectations of $13.59 billion. During the same quarter last year, the company posted $8.05 EPS. The firm's revenue was up .2% compared to the same quarter last year. Equities research analysts expect that Charter Communications, Inc. will post 32.42 EPS for the current year.

About Charter Communications

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.