Raymond James Financial Services Advisors Inc. Acquires 7,184 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Raymond James Financial Services Advisors Inc. raised its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTRGet Rating) by 132.1% in the 3rd quarter, Holdings Channel reports. The firm owned 12,623 shares of the company’s stock after purchasing an additional 7,184 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Charter Communications were worth $3,829,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Exchange Traded Concepts LLC increased its stake in shares of Charter Communications by 31.0% during the third quarter. Exchange Traded Concepts LLC now owns 1,866 shares of the company’s stock valued at $566,000 after buying an additional 442 shares during the period. HB Wealth Management LLC increased its stake in shares of Charter Communications by 27.6% during the second quarter. HB Wealth Management LLC now owns 813 shares of the company’s stock valued at $381,000 after buying an additional 176 shares during the period. Xponance Inc. increased its stake in shares of Charter Communications by 5.1% during the third quarter. Xponance Inc. now owns 21,810 shares of the company’s stock valued at $6,616,000 after buying an additional 1,050 shares during the period. Cunning Capital Partners LP purchased a new position in shares of Charter Communications during the second quarter valued at $1,485,000. Finally, Wedmont Private Capital purchased a new position in shares of Charter Communications during the second quarter valued at $382,000. 66.05% of the stock is currently owned by institutional investors.

Charter Communications Price Performance

CHTR opened at $385.47 on Friday. The stock’s 50-day moving average price is $362.47 and its 200 day moving average price is $390.64. Charter Communications, Inc. has a 12-month low of $297.66 and a 12-month high of $626.07. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 7.73. The firm has a market cap of $60.01 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 0.46 and a beta of 1.13.

Charter Communications (NASDAQ:CHTRGet Rating) last posted its earnings results on Friday, October 28th. The company reported $7.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.94 by ($0.56). Charter Communications had a return on equity of 36.48% and a net margin of 10.21%. The firm had revenue of $13.55 billion for the quarter, compared to analyst estimates of $13.67 billion. During the same period in the previous year, the company posted $6.50 EPS. Charter Communications’s revenue was up 3.1% on a year-over-year basis. As a group, sell-side analysts expect that Charter Communications, Inc. will post 30.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CHTR. Morgan Stanley cut their target price on Charter Communications from $550.00 to $420.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 13th. Benchmark cut their target price on Charter Communications to $620.00 in a research note on Friday, November 4th. The Goldman Sachs Group dropped their price target on Charter Communications from $488.00 to $429.00 and set a “buy” rating on the stock in a research note on Tuesday, November 1st. Cowen dropped their price target on Charter Communications from $670.00 to $649.00 in a research note on Wednesday, December 14th. Finally, Citigroup lifted their target price on Charter Communications to $390.00 in a report on Friday, November 4th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $499.10.

Charter Communications Profile

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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.

Further Reading

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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