1,887 Shares in Charter Communications, Inc. (NASDAQ:CHTR) Acquired by PFG Investments LLC

PFG Investments LLC acquired a new stake in Charter Communications, Inc. (NASDAQ:CHTR) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,887 shares of the company’s stock, valued at approximately $548,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CHTR. AQR Capital Management LLC boosted its stake in shares of Charter Communications by 9.7% in the third quarter. AQR Capital Management LLC now owns 14,782 shares of the company’s stock valued at $6,501,000 after buying an additional 1,311 shares during the period. River Road Asset Management LLC bought a new position in shares of Charter Communications in the third quarter worth $29,948,000. Graham Capital Management L.P. raised its stake in Charter Communications by 354.7% in the third quarter. Graham Capital Management L.P. now owns 15,133 shares of the company’s stock valued at $6,656,000 after purchasing an additional 11,805 shares in the last quarter. DigitalBridge Group Inc. bought a new stake in Charter Communications during the third quarter worth about $16,411,000. Finally, Kinetic Partners Management LP grew its stake in Charter Communications by 51.3% during the third quarter. Kinetic Partners Management LP now owns 177,801 shares of the company’s stock worth $78,200,000 after buying an additional 60,300 shares in the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Trading Up 2.0 %

CHTR stock traded up $5.15 during midday trading on Monday, hitting $259.76. The stock had a trading volume of 1,206,732 shares, compared to its average volume of 1,593,409. The company has a current ratio of 0.40, a quick ratio of 0.31 and a debt-to-equity ratio of 6.28. The business has a fifty day moving average price of $280.49 and a two-hundred day moving average price of $345.42. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $458.30. The firm has a market cap of $37.72 billion, a P/E ratio of 8.40, a price-to-earnings-growth ratio of 0.45 and a beta of 0.96.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, April 26th. The company reported $7.55 EPS for the quarter, missing the consensus estimate of $7.78 by ($0.23). Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The business had revenue of $13.68 billion for the quarter, compared to the consensus estimate of $13.75 billion. During the same quarter in the previous year, the company earned $6.65 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. On average, sell-side analysts predict that Charter Communications, Inc. will post 31.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CHTR has been the subject of several analyst reports. Pivotal Research dropped their target price on shares of Charter Communications from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Monday. Benchmark reduced their target price on Charter Communications from $490.00 to $440.00 and set a “buy” rating on the stock in a report on Monday, February 5th. JPMorgan Chase & Co. decreased their price target on Charter Communications from $370.00 to $335.00 and set a “neutral” rating on the stock in a research note on Monday, April 1st. Citigroup dropped their price objective on Charter Communications from $300.00 to $280.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Charter Communications from $375.00 to $320.00 and set a “hold” rating on the stock in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Charter Communications has an average rating of “Hold” and a consensus price target of $356.47.

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.