896 Shares in Charter Communications, Inc. (NASDAQ:CHTR) Acquired by Meritage Portfolio Management

Meritage Portfolio Management purchased a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 896 shares of the company’s stock, valued at approximately $348,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CX Institutional increased its holdings in shares of Charter Communications by 2.3% in the 3rd quarter. CX Institutional now owns 1,185 shares of the company’s stock worth $521,000 after acquiring an additional 27 shares during the period. Catalyst Capital Advisors LLC boosted its holdings in shares of Charter Communications by 32.1% in the third quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company’s stock worth $49,000 after buying an additional 27 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Charter Communications by 9.8% in the third quarter. Parkside Financial Bank & Trust now owns 313 shares of the company’s stock worth $138,000 after buying an additional 28 shares during the period. PDS Planning Inc boosted its holdings in shares of Charter Communications by 3.4% in the third quarter. PDS Planning Inc now owns 870 shares of the company’s stock worth $383,000 after buying an additional 29 shares during the period. Finally, Aspiriant LLC boosted its holdings in shares of Charter Communications by 2.3% during the fourth quarter. Aspiriant LLC now owns 1,533 shares of the company’s stock worth $596,000 after purchasing an additional 35 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

CHTR has been the topic of several recent research reports. Barclays cut their price objective on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 2nd. UBS Group dropped their target price on shares of Charter Communications from $360.00 to $325.00 and set a “neutral” rating on the stock in a research report on Thursday, March 28th. JPMorgan Chase & Co. dropped their target price on shares of Charter Communications from $370.00 to $335.00 and set a “neutral” rating on the stock in a research report on Monday, April 1st. Pivotal Research decreased their price target on shares of Charter Communications from $500.00 to $450.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. Finally, Bank of America reduced their target price on shares of Charter Communications from $350.00 to $315.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Charter Communications currently has an average rating of “Hold” and an average target price of $380.80.

Charter Communications Trading Down 1.2 %

NASDAQ CHTR traded down $3.12 during trading hours on Friday, reaching $255.98. The company’s stock had a trading volume of 1,816,195 shares, compared to its average volume of 1,587,542. The firm has a fifty day simple moving average of $281.92 and a 200-day simple moving average of $349.44. The stock has a market cap of $37.18 billion, a P/E ratio of 8.63, a P/E/G ratio of 0.46 and a beta of 0.96. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $458.30. The company has a debt-to-equity ratio of 6.51, a current ratio of 0.31 and a quick ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, April 26th. The company reported $7.55 earnings per share for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). The company had revenue of $13.68 billion during the quarter, compared to analyst estimates of $13.75 billion. Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.65 earnings per share. Equities analysts forecast that Charter Communications, Inc. will post 32.8 earnings per share for the current fiscal year.

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.