West Family Investments Inc. Buys 328 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

West Family Investments Inc. boosted its stake in Charter Communications, Inc. (NASDAQ:CHTRGet Rating) by 65.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 829 shares of the company’s stock after purchasing an additional 328 shares during the quarter. West Family Investments Inc.’s holdings in Charter Communications were worth $452,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. abrdn plc boosted its position in shares of Charter Communications by 5.4% during the 4th quarter. abrdn plc now owns 336,862 shares of the company’s stock valued at $219,624,000 after acquiring an additional 17,163 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Charter Communications by 6.7% during the 4th quarter. HighTower Advisors LLC now owns 21,761 shares of the company’s stock valued at $14,208,000 after acquiring an additional 1,372 shares during the last quarter. WINTON GROUP Ltd boosted its position in shares of Charter Communications by 9.6% during the 4th quarter. WINTON GROUP Ltd now owns 1,369 shares of the company’s stock valued at $893,000 after acquiring an additional 120 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Charter Communications by 17.4% during the 4th quarter. Teacher Retirement System of Texas now owns 25,531 shares of the company’s stock valued at $16,645,000 after acquiring an additional 3,776 shares during the last quarter. Finally, Tdam USA Inc. boosted its position in shares of Charter Communications by 19.5% during the 4th quarter. Tdam USA Inc. now owns 1,017 shares of the company’s stock valued at $663,000 after acquiring an additional 166 shares during the last quarter. Institutional investors own 66.91% of the company’s stock.

Charter Communications Price Performance

CHTR opened at $395.91 on Friday. The company has a debt-to-equity ratio of 6.99, a quick ratio of 0.33 and a current ratio of 0.33. Charter Communications, Inc. has a 52-week low of $391.81 and a 52-week high of $804.80. The stock has a market capitalization of $63.60 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 0.41 and a beta of 0.91. The stock’s 50 day moving average price is $452.70 and its 200-day moving average price is $493.08.

Charter Communications (NASDAQ:CHTRGet Rating) last released its quarterly earnings results on Friday, July 29th. The company reported $8.80 earnings per share for the quarter, beating the consensus estimate of $6.82 by $1.98. Charter Communications had a return on equity of 31.83% and a net margin of 10.35%. The company had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.42 billion. During the same period in the previous year, the company posted $5.29 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis. On average, equities research analysts predict that Charter Communications, Inc. will post 31.44 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on CHTR shares. Deutsche Bank Aktiengesellschaft dropped their price target on Charter Communications from $575.00 to $550.00 and set a “hold” rating for the company in a research report on Monday, August 1st. Argus downgraded Charter Communications from a “buy” rating to a “hold” rating in a research report on Tuesday, August 9th. StockNews.com downgraded Charter Communications from a “buy” rating to a “hold” rating in a research report on Monday. Royal Bank of Canada dropped their target price on Charter Communications from $700.00 to $575.00 in a research report on Friday, June 17th. Finally, TheStreet downgraded Charter Communications from a “b-” rating to a “c+” rating in a research report on Monday, May 16th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $623.42.

Charter Communications Company Profile

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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 video services, including video on demand, high-definition television, digital video recorder, pay-per-view services.

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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