Parkside Financial Bank & Trust Grows Stock Holdings in Charter Communications, Inc. $CHTR

Parkside Financial Bank & Trust lifted its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 2,993.9% during the second quarter, HoldingsChannel.com reports. The firm owned 7,147 shares of the company’s stock after purchasing an additional 6,916 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Charter Communications were worth $1,016,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CHTR. Brown Lisle Cummings Inc. raised its stake in Charter Communications by 5,992.3% during the second quarter. Brown Lisle Cummings Inc. now owns 792 shares of the company’s stock valued at $113,000 after buying an additional 779 shares during the last quarter. Corient Private Wealth LP grew its stake in shares of Charter Communications by 41.1% in the second quarter. Corient Private Wealth LP now owns 11,333 shares of the company’s stock worth $1,612,000 after acquiring an additional 3,301 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of Charter Communications by 18,016.6% during the second quarter. California State Teachers Retirement System now owns 20,290,238 shares of the company’s stock valued at $2,885,475,000 after acquiring an additional 20,178,240 shares in the last quarter. Wedmont Private Capital bought a new position in shares of Charter Communications during the second quarter valued at $2,160,000. Finally, HB Wealth Management LLC raised its position in shares of Charter Communications by 146.8% in the 2nd quarter. HB Wealth Management LLC now owns 5,130 shares of the company’s stock worth $730,000 after purchasing an additional 3,051 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Down 4.1%

Charter Communications stock opened at $145.74 on Wednesday. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.36 and a quick ratio of 0.36. Charter Communications, Inc. has a one year low of $111.55 and a one year high of $285.82. The stock has a market capitalization of $17.38 billion, a PE ratio of 3.78, a price-to-earnings-growth ratio of 0.32 and a beta of 0.69. The business’s fifty day moving average is $143.53 and its 200 day moving average is $170.04.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, July 24th. The company reported $10.66 earnings per share for the quarter, topping analysts’ consensus estimates of $9.98 by $0.68. The business had revenue of $13.53 billion during the quarter, compared to analyst estimates of $13.51 billion. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%.Charter Communications’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $9.18 EPS. On average, sell-side analysts predict that Charter Communications, Inc. will post 42.72 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Benchmark reiterated a “buy” rating on shares of Charter Communications in a research note on Wednesday, July 22nd. Freedom Capital raised shares of Charter Communications to a “hold” rating in a report on Friday, June 12th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $150.00 target price on shares of Charter Communications in a research note on Monday, July 27th. Wells Fargo & Company cut their price target on shares of Charter Communications from $160.00 to $101.00 and set an “underweight” rating on the stock in a report on Monday, July 27th. Finally, BNP Paribas Exane reduced their price target on shares of Charter Communications from $150.00 to $120.00 and set an “underperform” rating for the company in a research report on Tuesday, July 14th. Five investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $226.88.

About Charter Communications

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.