Charter Communications, Inc. (NASDAQ:CHTR) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC boosted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 173.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,676 shares of the company’s stock after buying an additional 15,006 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Charter Communications were worth $9,202,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wetzel Investment Advisors Inc. acquired a new stake in shares of Charter Communications in the fourth quarter valued at about $25,000. Catalyst Capital Advisors LLC lifted its stake in shares of Charter Communications by 32.1% in the third quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company’s stock worth $49,000 after buying an additional 27 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Charter Communications during the fourth quarter valued at about $44,000. Cullen Frost Bankers Inc. increased its position in shares of Charter Communications by 769.2% during the fourth quarter. Cullen Frost Bankers Inc. now owns 113 shares of the company’s stock valued at $44,000 after acquiring an additional 100 shares during the last quarter. Finally, NBC Securities Inc. acquired a new stake in shares of Charter Communications during the third quarter valued at about $56,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Down 0.9 %

Shares of CHTR stock traded down $2.50 during mid-day trading on Wednesday, reaching $278.10. 739,682 shares of the company were exchanged, compared to its average volume of 1,486,379. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $458.30. The company has a debt-to-equity ratio of 6.28, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market capitalization of $40.05 billion, a P/E ratio of 8.99, a P/E/G ratio of 1.15 and a beta of 1.04. The business’s 50 day simple moving average is $270.57 and its 200 day simple moving average is $318.58.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, April 26th. The company reported $7.55 EPS for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). The business had revenue of $13.68 billion during the quarter, compared to analyst estimates of $13.75 billion. Charter Communications had a return on equity of 31.42% and a net margin of 8.50%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.65 EPS. Research analysts predict that Charter Communications, Inc. will post 32.02 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Charter Communications from $375.00 to $320.00 and set a “hold” rating for the company in a research report on Tuesday, April 16th. Pivotal Research dropped their price objective on shares of Charter Communications from $450.00 to $400.00 and set a “buy” rating for the company in a report on Monday, April 29th. Rosenblatt Securities dropped their price objective on shares of Charter Communications from $297.00 to $292.00 and set a “neutral” rating for the company in a report on Monday, April 29th. JPMorgan Chase & Co. dropped their price objective on shares of Charter Communications from $370.00 to $335.00 and set a “neutral” rating for the company in a report on Monday, April 1st. Finally, Barclays dropped their price objective on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating for the company in a report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $356.47.

Charter Communications Company 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.