Caledonia Investments PLC Increases Stock Position in Charter Communications, Inc. $CHTR

Caledonia Investments PLC grew its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 10.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 169,700 shares of the company’s stock after acquiring an additional 16,500 shares during the quarter. Charter Communications comprises approximately 3.9% of Caledonia Investments PLC’s holdings, making the stock its 12th largest holding. Caledonia Investments PLC’s holdings in Charter Communications were worth $35,418,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Webster Bank N. A. bought a new stake in Charter Communications in the third quarter worth $28,000. Steigerwald Gordon & Koch Inc. purchased a new stake in Charter Communications in the 3rd quarter valued at about $30,000. Geneos Wealth Management Inc. boosted its holdings in shares of Charter Communications by 141.0% in the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after purchasing an additional 55 shares during the period. Mather Group LLC. purchased a new stake in shares of Charter Communications in the 3rd quarter worth $38,000. Finally, Root Financial Partners LLC bought a new position in Charter Communications during the 3rd quarter worth about $38,000. Institutional investors own 81.76% of the company’s stock.

Analysts Set New Price Targets

CHTR has been the topic of a number of recent research reports. Zacks Research raised Charter Communications from a “strong sell” rating to a “hold” rating in a research report on Monday, February 16th. Royal Bank Of Canada dropped their price objective on shares of Charter Communications from $265.00 to $240.00 and set a “sector perform” rating on the stock in a report on Friday, January 16th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Charter Communications in a report on Friday, March 27th. UBS Group set a $425.00 price target on Charter Communications in a research report on Thursday, January 29th. Finally, Wells Fargo & Company lifted their target price on shares of Charter Communications from $180.00 to $200.00 and gave the company an “underweight” rating in a report on Monday, February 2nd. Six investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $335.11.

Charter Communications Stock Performance

CHTR opened at $219.79 on Friday. Charter Communications, Inc. has a twelve month low of $180.38 and a twelve month high of $437.06. The firm has a market capitalization of $27.83 billion, a PE ratio of 6.06, a PEG ratio of 0.34 and a beta of 1.03. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 4.65. The firm’s 50-day moving average price is $221.55 and its 200 day moving average price is $224.29.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, January 30th. The company reported $10.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.40 by ($0.06). Charter Communications had a return on equity of 24.63% and a net margin of 9.10%.The company had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.73 billion. During the same period last year, the business earned $10.10 earnings per share. The firm’s revenue was down 2.3% compared to the same quarter last year. As a group, sell-side analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Charter Communications Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.