CoreCap Advisors LLC Acquires Shares of 706 Charter Communications, Inc. (NASDAQ:CHTR)

CoreCap Advisors LLC purchased a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR – Get Rating) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 706 shares of the company’s stock, valued at approximately $239,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Aigen Investment Management LP acquired a new stake in shares of Charter Communications during the 4th quarter worth approximately $1,778,000. Clearbridge Investments LLC increased its holdings in shares of Charter Communications by 21.9% during the 4th quarter. Clearbridge Investments LLC now owns 342,442 shares of the company’s stock worth $116,122,000 after buying an additional 61,525 shares during the last quarter. SVB Wealth LLC increased its holdings in Charter Communications by 12.3% in the 4th quarter. SVB Wealth LLC now owns 1,691 shares of the company’s stock valued at $573,000 after purchasing an additional 185 shares during the last quarter. Brandywine Global Investment Management LLC increased its holdings in Charter Communications by 88.6% in the 4th quarter. Brandywine Global Investment Management LLC now owns 6,590 shares of the company’s stock valued at $2,235,000 after purchasing an additional 3,096 shares during the last quarter. Finally, Vise Technologies Inc. increased its holdings in Charter Communications by 22.9% in the 4th quarter. Vise Technologies Inc. now owns 1,564 shares of the company’s stock valued at $530,000 after purchasing an additional 291 shares during the last quarter. Institutional investors and hedge funds own 66.05% of the company’s stock.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $319.66 on Friday. The company’s fifty day moving average price is $344.81 and its 200 day moving average price is $362.49. Charter Communications, Inc. has a 12 month low of $297.66 and a 12 month high of $515.66. The company has a debt-to-equity ratio of 7.44, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market capitalization of $48.80 billion, a P/E ratio of 10.47, a P/E/G ratio of 0.45 and a beta of 1.10.

Charter Communications (NASDAQ:CHTR – Get Rating) last posted its quarterly earnings data on Friday, April 28th. The company reported $6.65 EPS for the quarter, missing analysts’ consensus estimates of $7.21 by ($0.56). The business had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.61 billion. Charter Communications had a net margin of 8.95% and a return on equity of 37.99%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.90 earnings per share. As a group, sell-side analysts predict that Charter Communications, Inc. will post 30.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CHTR shares. Morgan Stanley dropped their target price on shares of Charter Communications from $460.00 to $420.00 and set an “equal weight” rating for the company in a report on Thursday, April 20th. Wells Fargo & Company raised their price target on shares of Charter Communications from $340.00 to $410.00 and gave the company an “equal weight” rating in a research report on Monday, January 30th. KeyCorp decreased their price target on shares of Charter Communications from $580.00 to $540.00 and set an “overweight” rating for the company in a research report on Monday, January 30th. StockNews.com started coverage on shares of Charter Communications in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Finally, Citigroup raised their price target on shares of Charter Communications from $400.00 to $425.00 and gave the company a “neutral” rating in a research report on Tuesday, January 31st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $481.35.

Charter Communications Company Profile

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Charter Communications, Inc engages in the provision of broadband communications services. Its services include Spectrum TV, Spectrum Internet, and Spectrum Voice. The firm offers business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul.