Persistent Asset Partners Ltd Purchases New Shares in Charter Communications, Inc. $CHTR

Persistent Asset Partners Ltd acquired a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,341 shares of the company’s stock, valued at approximately $644,000.

Several other institutional investors have also recently made changes to their positions in CHTR. Advisory Services Network LLC raised its holdings in shares of Charter Communications by 3.8% in the second quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock valued at $420,000 after purchasing an additional 38 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Charter Communications by 20.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 227 shares of the company’s stock worth $93,000 after purchasing an additional 39 shares in the last quarter. Orion Porfolio Solutions LLC increased its stake in Charter Communications by 1.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock valued at $988,000 after buying an additional 41 shares during the last quarter. Occudo Quantitative Strategies LP boosted its stake in shares of Charter Communications by 1.4% in the 2nd quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company’s stock worth $1,255,000 after buying an additional 41 shares during the last quarter. Finally, Chicago Partners Investment Group LLC grew its holdings in shares of Charter Communications by 5.8% in the second quarter. Chicago Partners Investment Group LLC now owns 764 shares of the company’s stock valued at $304,000 after acquiring an additional 42 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

CHTR has been the topic of a number of recent analyst reports. Williams Trading set a $437.00 price target on Charter Communications in a report on Monday, February 2nd. Wells Fargo & Company lifted their price objective on shares of Charter Communications from $180.00 to $200.00 and gave the stock an “underweight” rating in a research report on Monday, February 2nd. UBS Group set a $425.00 target price on shares of Charter Communications in a research note on Thursday, January 29th. New Street Research decreased their price target on shares of Charter Communications from $479.00 to $328.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Charter Communications in a report on Monday, January 26th. Six investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $335.67.

Charter Communications Stock Performance

NASDAQ CHTR opened at $231.54 on Friday. The firm has a market cap of $29.32 billion, a P/E ratio of 6.38, a price-to-earnings-growth ratio of 0.38 and a beta of 1.05. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 4.65. The company’s 50 day moving average is $210.53 and its 200-day moving average is $233.10. Charter Communications, Inc. has a 12-month low of $180.38 and a 12-month high of $437.06.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, January 30th. The company reported $10.34 earnings per share for the quarter, missing analysts’ consensus estimates of $10.40 by ($0.06). Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. The business had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.73 billion. During the same quarter in the prior year, the firm posted $10.10 earnings per share. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. Sell-side analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Charter Communications Company 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.