Colonial River Investments LLC Acquires Shares of 706 Charter Communications, Inc. (NASDAQ:CHTR)

Colonial River Investments LLC bought a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the third quarter, HoldingsChannel reports. The firm bought 706 shares of the company’s stock, valued at approximately $229,000.

Other institutional investors have also recently modified their holdings of the company. Reston Wealth Management LLC purchased a new position in shares of Charter Communications in the 3rd quarter valued at about $26,000. CVA Family Office LLC lifted its position in shares of Charter Communications by 5,500.0% during the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after acquiring an additional 110 shares during the period. New Covenant Trust Company N.A. purchased a new stake in shares of Charter Communications during the 1st quarter worth approximately $34,000. Grove Bank & Trust grew its holdings in shares of Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after acquiring an additional 34 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its stake in Charter Communications by 109.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock valued at $48,000 after purchasing an additional 83 shares in the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Trading Up 0.2 %

CHTR opened at $393.71 on Monday. The company has a quick ratio of 0.39, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The firm’s 50 day moving average is $336.70 and its 200-day moving average is $316.46. The firm has a market capitalization of $55.98 billion, a P/E ratio of 12.33, a P/E/G ratio of 0.65 and a beta of 1.03. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $421.16.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, beating analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The firm had revenue of $13.80 billion for the quarter, compared to analyst estimates of $13.66 billion. During the same period in the previous year, the business earned $8.25 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. Analysts expect that Charter Communications, Inc. will post 32.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CHTR has been the topic of several research reports. Citigroup raised 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. Benchmark lifted their target price on shares of Charter Communications from $440.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Bank of America upgraded shares of Charter Communications from a “neutral” rating to a “buy” rating and increased their price target for the company from $385.00 to $450.00 in a research report on Monday, November 4th. Wells Fargo & Company upped their target price on Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Finally, Rosenblatt Securities raised their price target on Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $379.06.

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.