MBB Public Markets I LLC Purchases Shares of 7,100 Charter Communications, Inc. (NASDAQ:CHTR)

MBB Public Markets I LLC acquired a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,100 shares of the company’s stock, valued at approximately $2,123,000.

Other institutional investors and hedge funds have also modified their holdings of the company. CVA Family Office LLC raised its position in shares of Charter Communications by 5,500.0% in the second quarter. CVA Family Office LLC now owns 112 shares of the company’s stock worth $33,000 after acquiring an additional 110 shares during the period. New Covenant Trust Company N.A. purchased a new position in Charter Communications during the first quarter worth approximately $34,000. Riverview Trust Co purchased a new stake in shares of Charter Communications in the first quarter valued at approximately $40,000. Massmutual Trust Co. FSB ADV increased its position in shares of Charter Communications by 109.2% in the second 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 in the last quarter. Finally, Beach Investment Counsel Inc. PA acquired a new position in shares of Charter Communications during the 2nd quarter worth approximately $50,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analyst Ratings Changes

CHTR has been the subject of several recent analyst reports. Barclays boosted their price target on shares of Charter Communications from $250.00 to $300.00 and gave the stock an “underweight” rating in a report on Monday, July 29th. Raymond James lowered shares of Charter Communications from a “market perform” rating to an “underperform” rating in a research note on Monday, July 29th. Pivotal Research boosted their price objective on Charter Communications from $400.00 to $435.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Wolfe Research downgraded Charter Communications from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 31st. Finally, Citigroup upgraded Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price target for the company in a research report on Wednesday, September 11th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Charter Communications currently has a consensus rating of “Hold” and an average price target of $359.94.

Charter Communications Stock Up 2.9 %

Charter Communications stock opened at $326.22 on Monday. The company has a market capitalization of $46.99 billion, a PE ratio of 10.55, a price-to-earnings-growth ratio of 0.61 and a beta of 1.05. The company has a debt-to-equity ratio of 5.84, a quick ratio of 0.39 and a current ratio of 0.39. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $458.30. The firm has a 50 day moving average price of $344.58 and a 200 day moving average price of $303.59.

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

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.