Cambridge Trust Co. Makes New $7.24 Million Investment in Charter Communications, Inc. (NASDAQ:CHTR)

Cambridge Trust Co. bought a new position in Charter Communications, Inc. (NASDAQ:CHTR) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 18,613 shares of the company’s stock, valued at approximately $7,235,000.

A number of other hedge funds have also added to or reduced their stakes in CHTR. Janiczek Wealth Management LLC boosted its stake in shares of Charter Communications by 168.0% during the third quarter. Janiczek Wealth Management LLC now owns 67 shares of the company’s stock valued at $29,000 after purchasing an additional 42 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Charter Communications during the third quarter valued at approximately $31,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Charter Communications during the fourth quarter valued at approximately $44,000. Catalyst Capital Advisors LLC boosted its stake in shares of Charter Communications by 32.1% during the third quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company’s stock valued at $49,000 after purchasing an additional 27 shares in the last quarter. Finally, Harbour Investments Inc. boosted its stake in shares of Charter Communications by 30.5% during the second quarter. Harbour Investments Inc. now owns 137 shares of the company’s stock valued at $50,000 after purchasing an additional 32 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CHTR shares. Benchmark decreased their price target on shares of Charter Communications from $490.00 to $440.00 and set a “buy” rating for the company in a report on Monday, February 5th. Pivotal Research dropped their price target on shares of Charter Communications from $500.00 to $450.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. Sanford C. Bernstein upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 target price on the stock in a research report on Monday, March 18th. Barclays dropped their target price on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 2nd. Finally, Rosenblatt Securities dropped their target price on shares of Charter Communications from $334.00 to $297.00 and set a “neutral” rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $380.80.

Charter Communications Stock Up 0.2 %

NASDAQ CHTR traded up $0.52 on Thursday, hitting $258.55. 482,867 shares of the stock were exchanged, compared to its average volume of 1,598,109. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 6.51. Charter Communications, Inc. has a fifty-two week low of $254.31 and a fifty-two week high of $458.30. The company has a market cap of $37.55 billion, a PE ratio of 8.60, a PEG ratio of 0.43 and a beta of 0.96. The company has a 50-day moving average price of $285.23 and a 200-day moving average price of $355.98.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, February 2nd. The company reported $7.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.76 by ($1.69). Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The company had revenue of $13.71 billion during the quarter, compared to analyst estimates of $13.70 billion. During the same quarter in the previous year, the company posted $7.69 EPS. The company’s quarterly revenue was up .3% on a year-over-year basis. Sell-side analysts anticipate that Charter Communications, Inc. will post 32.58 EPS for the current fiscal year.

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.