Doliver Advisors LP Invests $740,000 in Charter Communications, Inc. (NASDAQ:CHTR)

Doliver Advisors LP acquired a new stake in Charter Communications, Inc. (NASDAQ:CHTR) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,159 shares of the company’s stock, valued at approximately $740,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Van ECK Associates Corp bought a new position in shares of Charter Communications during the 2nd quarter worth $262,000. TD Asset Management Inc raised its position in shares of Charter Communications by 3.8% in the second quarter. TD Asset Management Inc now owns 43,714 shares of the company’s stock valued at $13,069,000 after purchasing an additional 1,606 shares during the period. Private Advisor Group LLC lifted its stake in shares of Charter Communications by 2.4% during the 2nd quarter. Private Advisor Group LLC now owns 6,455 shares of the company’s stock valued at $1,930,000 after buying an additional 154 shares in the last quarter. Candriam S.C.A. boosted its holdings in Charter Communications by 6.1% in the 2nd quarter. Candriam S.C.A. now owns 5,606 shares of the company’s stock worth $1,676,000 after buying an additional 324 shares during the period. Finally, Savant Capital LLC grew its stake in Charter Communications by 1.7% in the 2nd quarter. Savant Capital LLC now owns 1,859 shares of the company’s stock valued at $556,000 after buying an additional 31 shares in the last quarter. 81.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CHTR. Wolfe Research lowered Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target for the company. in a report on Monday, September 30th. Deutsche Bank Aktiengesellschaft raised their target price on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Wells Fargo & Company upped their price target on Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a research report on Thursday, December 12th. Finally, Citigroup raised shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 target price on the stock in a report on Wednesday, September 11th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $384.42.

Charter Communications Price Performance

CHTR traded down $10.54 during midday trading on Monday, hitting $347.81. The stock had a trading volume of 391,020 shares, compared to its average volume of 988,584. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34. The business has a fifty day moving average of $373.82 and a 200 day moving average of $346.06. The company has a market cap of $49.46 billion, a P/E ratio of 10.89, a price-to-earnings-growth ratio of 0.60 and a beta of 1.10.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.55 by $0.27. The company had revenue of $13.80 billion during the quarter, compared to analysts’ expectations of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.25 EPS. As a group, equities analysts forecast that Charter Communications, Inc. will post 32.87 earnings per share for the current fiscal year.

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.