Charter Communications, Inc. (NASDAQ:CHTR) Shares Acquired by Veriti Management LLC

Veriti Management LLC lifted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR – Get Rating) by 5.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,992 shares of the company’s stock after purchasing an additional 99 shares during the period. Veriti Management LLC’s holdings in Charter Communications were worth $1,087,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CHTR. Blume Capital Management Inc. acquired a new stake in shares of Charter Communications during the fourth quarter worth about $26,000. Masso Torrence Wealth Management Inc. purchased a new position in shares of Charter Communications during the fourth quarter worth about $26,000. Bivin & Associates Inc. purchased a new position in shares of Charter Communications during the fourth quarter worth about $26,000. Magnolia Capital Management Ltd. purchased a new position in shares of Charter Communications during the fourth quarter worth about $39,000. Finally, Missouri Trust & Investment Co purchased a new position in shares of Charter Communications during the fourth quarter worth about $52,000. Institutional investors and hedge funds own 83.63% of the company’s stock.

CHTR stock opened at $448.24 on Thursday. The company has a market cap of $75.24 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 0.47 and a beta of 1.02. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 5.69. The business has a fifty day simple moving average of $478.78 and a 200-day simple moving average of $555.26. Charter Communications, Inc. has a 52 week low of $407.75 and a 52 week high of $825.62.

Charter Communications (NASDAQ:CHTR – Get Rating) last released its quarterly earnings data on Friday, April 29th. The company reported $6.90 EPS for the quarter, topping analysts’ consensus estimates of $6.46 by $0.44. The business had revenue of $13.20 billion during the quarter, compared to the consensus estimate of $13.21 billion. Charter Communications had a return on equity of 25.34% and a net margin of 9.64%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm posted $4.11 EPS. As a group, analysts expect that Charter Communications, Inc. will post 29.8 earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on CHTR shares. Morgan Stanley lifted their price objective on Charter Communications from $550.00 to $600.00 and gave the company an “equal weight” rating in a report on Thursday, June 2nd. Wells Fargo & Company lowered their price objective on Charter Communications from $603.00 to $393.00 in a report on Monday, May 2nd. Credit Suisse Group lowered their price objective on Charter Communications from $850.00 to $780.00 in a report on Monday, May 2nd. KeyCorp decreased their price target on Charter Communications from $792.00 to $563.00 in a research note on Monday, May 2nd. Finally, StockNews.com raised Charter Communications from a “hold” rating to a “buy” rating in a research note on Friday, June 17th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $672.95.

About Charter Communications (Get Rating)

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.

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