Charter Communications, Inc. (NASDAQ:CHTR) Shares Purchased by Ethic Inc.

Ethic Inc. raised its position in shares of Charter Communications, Inc. (NASDAQ:CHTRGet Rating) by 17.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,325 shares of the company’s stock after purchasing an additional 949 shares during the period. Ethic Inc.’s holdings in Charter Communications were worth $3,450,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Elequin Capital LP acquired a new stake in shares of Charter Communications in the 1st quarter worth approximately $26,000. Prelude Capital Management LLC lifted its stake in shares of Charter Communications by 1.5% in the 1st quarter. Prelude Capital Management LLC now owns 4,063 shares of the company’s stock worth $2,216,000 after acquiring an additional 61 shares during the period. Echo Street Capital Management LLC acquired a new stake in shares of Charter Communications in the 1st quarter worth approximately $993,000. Engineers Gate Manager LP lifted its stake in shares of Charter Communications by 343.9% in the 1st quarter. Engineers Gate Manager LP now owns 24,048 shares of the company’s stock worth $13,119,000 after acquiring an additional 18,631 shares during the period. Finally, United Capital Financial Advisers LLC lifted its stake in shares of Charter Communications by 21.3% in the 1st quarter. United Capital Financial Advisers LLC now owns 3,072 shares of the company’s stock worth $1,676,000 after acquiring an additional 540 shares during the period. 66.91% of the stock is owned by institutional investors and hedge funds.

Charter Communications Price Performance

NASDAQ CHTR opened at $405.91 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 6.99. The company has a fifty day simple moving average of $451.20 and a 200 day simple moving average of $491.04. The company has a market cap of $65.21 billion, a P/E ratio of 13.04, a P/E/G ratio of 0.41 and a beta of 0.91. Charter Communications, Inc. has a 1 year low of $391.81 and a 1 year high of $804.80.

Charter Communications (NASDAQ:CHTRGet Rating) last posted its quarterly earnings data on Friday, July 29th. The company reported $8.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.82 by $1.98. Charter Communications had a net margin of 10.35% and a return on equity of 31.83%. The business had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.42 billion. During the same period in the prior year, the firm earned $5.29 EPS. Charter Communications’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, sell-side analysts predict that Charter Communications, Inc. will post 31.79 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Charter Communications from $575.00 to $550.00 and set a “hold” rating for the company in a research note on Monday, August 1st. TheStreet lowered shares of Charter Communications from a “b-” rating to a “c+” rating in a report on Monday, May 16th. Morgan Stanley cut their price target on shares of Charter Communications from $600.00 to $550.00 and set an “equal weight” rating on the stock in a report on Monday, August 1st. Cowen cut their price target on shares of Charter Communications to $730.00 in a report on Tuesday, August 9th. Finally, Argus lowered shares of Charter Communications from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $623.42.

About Charter Communications

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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.

See Also

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

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