California First Leasing Corp Has $4.58 Million Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

California First Leasing Corp raised its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 18.2% during the fourth quarter, HoldingsChannel reports. The firm owned 11,777 shares of the company’s stock after acquiring an additional 1,815 shares during the quarter. Charter Communications accounts for 2.4% of California First Leasing Corp’s holdings, making the stock its 17th largest position. California First Leasing Corp’s holdings in Charter Communications were worth $4,577,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CHTR. Pzena Investment Management LLC boosted its holdings in shares of Charter Communications by 21.0% during the 3rd quarter. Pzena Investment Management LLC now owns 1,459,148 shares of the company’s stock valued at $641,762,000 after acquiring an additional 253,324 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Charter Communications by 15.8% during the 3rd quarter. Morgan Stanley now owns 1,186,738 shares of the company’s stock valued at $521,952,000 after acquiring an additional 161,830 shares in the last quarter. Parnassus Investments LLC acquired a new stake in shares of Charter Communications during the 3rd quarter valued at $508,684,000. Northern Trust Corp boosted its holdings in shares of Charter Communications by 2.2% during the 3rd quarter. Northern Trust Corp now owns 1,048,544 shares of the company’s stock valued at $461,171,000 after acquiring an additional 22,494 shares in the last quarter. Finally, Allen Investment Management LLC boosted its holdings in shares of Charter Communications by 25.4% during the 3rd quarter. Allen Investment Management LLC now owns 873,714 shares of the company’s stock valued at $384,277,000 after acquiring an additional 177,224 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CHTR. Deutsche Bank Aktiengesellschaft lowered their target price on Charter Communications from $375.00 to $320.00 and set a “hold” rating for the company in a research report on Tuesday, April 16th. Bank of America lowered their target price on Charter Communications from $350.00 to $315.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th. Rosenblatt Securities lowered their target price on Charter Communications from $334.00 to $297.00 and set a “neutral” rating for the company in a research report on Monday, April 15th. Sanford C. Bernstein raised Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 target price for the company in a research report on Monday, March 18th. Finally, Pivotal Research lowered their target price on Charter Communications from $500.00 to $450.00 and set a “buy” rating for the company in a research report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $380.80.

Charter Communications Trading Down 1.7 %

Shares of CHTR stock traded down $4.49 during mid-day trading on Friday, hitting $254.61. The company’s stock had a trading volume of 2,599,669 shares, compared to its average volume of 1,598,177. The company’s fifty day simple moving average is $281.16 and its 200-day simple moving average is $348.14. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $458.30. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market cap of $36.98 billion, a PE ratio of 8.48, a P/E/G ratio of 0.46 and a beta of 0.96.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, April 26th. The company reported $7.55 EPS for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The firm had revenue of $13.68 billion during the quarter, compared to the consensus estimate of $13.75 billion. During the same period in the previous year, the firm earned $6.65 earnings per share. The business’s quarterly revenue was up .2% on a year-over-year basis. As a group, equities research analysts expect that Charter Communications, Inc. will post 32.8 earnings per share for the current fiscal year.

Charter Communications Company 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.