Parkside Financial Bank & Trust Purchases 6,916 Shares of Charter Communications, Inc. $CHTR

Parkside Financial Bank & Trust boosted its position in Charter Communications, Inc. (NASDAQ:CHTR) by 2,993.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,147 shares of the company’s stock after acquiring an additional 6,916 shares during the period. Parkside Financial Bank & Trust’s holdings in Charter Communications were worth $1,016,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Cassaday & Co Wealth Management LLC bought a new stake in shares of Charter Communications in the first quarter worth about $25,000. Quarry LP increased its holdings in Charter Communications by 153.2% during the 4th quarter. Quarry LP now owns 119 shares of the company’s stock valued at $25,000 after purchasing an additional 72 shares during the period. Altshuler Shaham Ltd bought a new position in Charter Communications during the 4th quarter valued at approximately $25,000. DV Equities LLC bought a new position in Charter Communications during the 4th quarter valued at approximately $25,000. Finally, Trust Co. of Vermont bought a new stake in shares of Charter Communications in the 2nd quarter worth approximately $28,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analysts Set New Price Targets

CHTR has been the subject of a number of recent analyst reports. Bank of America restated a “buy” rating on shares of Charter Communications in a report on Monday, July 27th. Sanford C. Bernstein reissued a “market perform” rating and set a $150.00 price objective on shares of Charter Communications in a research report on Monday, July 27th. Wells Fargo & Company decreased their price objective on shares of Charter Communications from $160.00 to $101.00 and set an “underweight” rating for the company in a report on Monday, July 27th. The Goldman Sachs Group dropped their target price on shares of Charter Communications from $185.00 to $125.00 and set a “sell” rating for the company in a research report on Thursday, July 2nd. Finally, JPMorgan Chase & Co. cut their target price on shares of Charter Communications from $200.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 29th. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, Charter Communications currently has an average rating of “Hold” and an average price target of $226.88.

Charter Communications Trading Down 4.1%

CHTR opened at $145.74 on Wednesday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 4.32. Charter Communications, Inc. has a 52 week low of $111.55 and a 52 week high of $285.82. The stock has a market cap of $17.38 billion, a PE ratio of 3.78, a PEG ratio of 0.32 and a beta of 0.69. The business has a 50 day moving average of $143.53 and a 200-day moving average of $170.04.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, July 24th. The company reported $10.66 earnings per share for the quarter, topping the consensus estimate of $9.98 by $0.68. The company had revenue of $13.53 billion for the quarter, compared to analysts’ expectations of $13.51 billion. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%.The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $9.18 earnings per share. Equities research analysts predict that Charter Communications, Inc. will post 42.72 earnings per share for the current fiscal year.

About Charter Communications

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.