Aspiriant LLC Has $489,000 Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Aspiriant LLC increased its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 9.7% in the first quarter, Holdings Channel.com reports. The firm owned 1,681 shares of the company’s stock after buying an additional 148 shares during the quarter. Aspiriant LLC’s holdings in Charter Communications were worth $489,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CHTR. QRG Capital Management Inc. acquired a new position in Charter Communications in the 3rd quarter valued at approximately $238,000. Envestnet Portfolio Solutions Inc. acquired a new position in Charter Communications in the 3rd quarter valued at approximately $253,000. Envestnet Asset Management Inc. boosted its stake in shares of Charter Communications by 105.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 35,178 shares of the company’s stock valued at $15,472,000 after purchasing an additional 18,077 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Charter Communications by 21.6% in the 3rd quarter. Stifel Financial Corp now owns 10,535 shares of the company’s stock valued at $4,633,000 after purchasing an additional 1,874 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in shares of Charter Communications by 0.4% in the 3rd quarter. Treasurer of the State of North Carolina now owns 47,740 shares of the company’s stock valued at $20,997,000 after purchasing an additional 169 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Stock Performance

Shares of CHTR stock opened at $294.11 on Friday. The firm has a 50-day moving average of $273.33 and a 200-day moving average of $306.58. The company has a market cap of $42.36 billion, a P/E ratio of 9.51, a P/E/G ratio of 1.08 and a beta of 1.04. The company has a debt-to-equity ratio of 6.28, a current ratio of 0.40 and a quick ratio of 0.40. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $458.30.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, April 26th. The company reported $7.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). Charter Communications had a return on equity of 31.42% and a net margin of 8.50%. The company had revenue of $13.68 billion for the quarter, compared to analysts’ expectations of $13.75 billion. During the same quarter last year, the business posted $6.65 EPS. The business’s quarterly revenue was up .2% on a year-over-year basis. Equities research analysts forecast that Charter Communications, Inc. will post 32.51 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on CHTR. Barclays reduced their price objective on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 2nd. Wells Fargo & Company reduced their price objective on shares of Charter Communications from $290.00 to $260.00 and set an “equal weight” rating on the stock in a research note on Monday, April 29th. Pivotal Research cut their target price on shares of Charter Communications from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. UBS Group cut their target price on shares of Charter Communications from $360.00 to $325.00 and set a “neutral” rating on the stock in a research note on Thursday, March 28th. Finally, Citigroup cut their target price on shares of Charter Communications from $300.00 to $280.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $356.47.

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.