Heritage Wealth Management Inc. Purchases Shares of 1,302 Charter Communications, Inc. (NASDAQ:CHTR)

Heritage Wealth Management Inc. acquired a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 1,302 shares of the company’s stock, valued at approximately $393,000.

A number of other hedge funds also recently made changes to their positions in the stock. CVA Family Office LLC lifted its holdings in Charter Communications by 5,500.0% during the second quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after purchasing an additional 110 shares in the last quarter. New Covenant Trust Company N.A. purchased a new position in shares of Charter Communications during the 1st quarter valued at $34,000. Riverview Trust Co bought a new position in Charter Communications in the 1st quarter worth $40,000. Massmutual Trust Co. FSB ADV increased 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 worth $48,000 after buying an additional 83 shares in the last quarter. Finally, Beach Investment Counsel Inc. PA purchased a new position in shares of Charter Communications in the second quarter valued at about $50,000. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Stock Up 0.1 %

Shares of CHTR opened at $329.24 on Thursday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 5.84. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $458.30. The company has a market cap of $47.42 billion, a PE ratio of 10.65, a P/E/G ratio of 0.61 and a beta of 1.05. The business has a fifty day moving average of $345.31 and a 200 day moving average of $304.23.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, July 26th. The company reported $8.49 EPS for the quarter, topping 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 firm had revenue of $13.69 billion during the quarter, compared to analysts’ expectations of $13.59 billion. During the same period in the previous year, the company earned $8.05 EPS. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. On average, sell-side analysts expect that Charter Communications, Inc. will post 32.52 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CHTR shares. Wells Fargo & Company lifted their target price on Charter Communications from $260.00 to $350.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Raymond James cut shares of Charter Communications from a “market perform” rating to an “underperform” rating in a research report on Monday, July 29th. Barclays upped their target price on shares of Charter Communications from $250.00 to $300.00 and gave the stock an “underweight” rating in a research report on Monday, July 29th. Bank of America lifted their price target on shares of Charter Communications from $360.00 to $385.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Charter Communications from $300.00 to $325.00 and gave the company a “hold” rating in a report on Monday, July 29th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Charter Communications currently has a consensus rating of “Hold” and an average target price of $356.41.

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.