Cambridge Investment Research Advisors Inc. Acquires 501 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Cambridge Investment Research Advisors Inc. raised its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 10.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,445 shares of the company’s stock after buying an additional 501 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Charter Communications were worth $1,628,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CHTR. CVA Family Office LLC raised its stake in Charter Communications by 5,500.0% in the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after acquiring an additional 110 shares during the period. New Covenant Trust Company N.A. bought a new position in shares of Charter Communications in the first quarter valued at about $34,000. Riverview Trust Co acquired a new stake in shares of Charter Communications during the 1st quarter worth about $40,000. Cullen Frost Bankers Inc. boosted its holdings in shares of Charter Communications by 769.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 113 shares of the company’s stock worth $44,000 after buying an additional 100 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its stake in Charter Communications by 109.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock valued at $48,000 after buying an additional 83 shares during the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Price Performance

CHTR stock opened at $346.42 on Wednesday. The company’s 50-day moving average price is $335.87 and its two-hundred day moving average price is $298.53. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $458.30. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 5.84. The firm has a market cap of $49.89 billion, a P/E ratio of 11.20, a P/E/G ratio of 0.64 and a beta of 1.04.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, July 26th. The company reported $8.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.98 by $0.51. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The business had revenue of $13.69 billion for the quarter, compared to analysts’ expectations of $13.59 billion. During the same period last year, the firm posted $8.05 earnings per share. The firm’s quarterly revenue was up .2% compared to the same quarter last year. On average, analysts anticipate that Charter Communications, Inc. will post 32.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Morgan Stanley raised their price objective on shares of Charter Communications from $330.00 to $360.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Citigroup boosted their price target on Charter Communications from $255.00 to $350.00 and gave the company a “sell” rating in a research note on Wednesday, July 31st. Pivotal Research increased their price objective on Charter Communications from $400.00 to $435.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Barclays boosted their target price on shares of Charter Communications from $250.00 to $300.00 and gave the company an “underweight” rating in a research report on Monday, July 29th. Finally, JPMorgan Chase & Co. raised their price target on shares of Charter Communications from $300.00 to $385.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Charter Communications has a consensus rating of “Hold” and a consensus target price of $360.93.

About Charter Communications

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.