Charter Communications, Inc. (NASDAQ:CHTR) Shares Acquired by Spinnaker Trust

Spinnaker Trust lifted its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,275 shares of the company’s stock after acquiring an additional 752 shares during the quarter. Spinnaker Trust’s holdings in Charter Communications were worth $5,548,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. AE Wealth Management LLC raised its position in Charter Communications by 59.1% during the third quarter. AE Wealth Management LLC now owns 2,445 shares of the company’s stock valued at $1,075,000 after acquiring an additional 908 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of Charter Communications during the 3rd quarter valued at approximately $258,000. CX Institutional lifted its stake in shares of Charter Communications by 2.3% in the 3rd quarter. CX Institutional now owns 1,185 shares of the company’s stock valued at $521,000 after purchasing an additional 27 shares during the period. UMB Bank n.a. boosted its holdings in Charter Communications by 28.5% during the third quarter. UMB Bank n.a. now owns 329 shares of the company’s stock worth $145,000 after buying an additional 73 shares in the last quarter. Finally, Czech National Bank grew its position in Charter Communications by 44.6% during the third quarter. Czech National Bank now owns 17,788 shares of the company’s stock valued at $7,824,000 after buying an additional 5,488 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Down 1.7 %

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

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results 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 net margin of 8.35% and a return on equity of 32.32%. The company had revenue of $13.68 billion during the quarter, compared to analysts’ expectations of $13.75 billion. During the same period last year, the firm posted $6.65 earnings per share. Charter Communications’s revenue was up .2% on a year-over-year basis. As a group, equities analysts expect that Charter Communications, Inc. will post 32.8 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CHTR shares. UBS Group lowered 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. Bank of America cut their price objective 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. Benchmark dropped their price target on shares of Charter Communications from $490.00 to $440.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Charter Communications from $375.00 to $320.00 and set a “hold” rating for the company in a research report on Tuesday, April 16th. Finally, Wells Fargo & Company dropped their target price on shares of Charter Communications from $340.00 to $290.00 and set an “equal weight” rating on the stock in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $380.80.

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.