Charter Communications, Inc. (NASDAQ:CHTR) Stock Position Lifted by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTRGet Rating) by 8.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,183 shares of the company’s stock after purchasing an additional 650 shares during the period. Janney Montgomery Scott LLC’s holdings in Charter Communications were worth $2,482,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Prentice Wealth Management LLC purchased a new position in Charter Communications during the second quarter valued at approximately $33,000. Massmutual Trust Co. FSB ADV grew its position in Charter Communications by 196.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 74 shares of the company’s stock worth $35,000 after acquiring an additional 49 shares in the last quarter. Hexagon Capital Partners LLC grew its position in Charter Communications by 72.9% in the third quarter. Hexagon Capital Partners LLC now owns 83 shares of the company’s stock worth $25,000 after acquiring an additional 35 shares in the last quarter. Oliver Lagore Vanvalin Investment Group grew its position in Charter Communications by 137.8% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 88 shares of the company’s stock worth $41,000 after acquiring an additional 51 shares in the last quarter. Finally, Field & Main Bank bought a new stake in Charter Communications in the second quarter worth approximately $45,000. 66.05% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Trading Up 0.8 %

Shares of CHTR stock opened at $388.47 on Friday. Charter Communications, Inc. has a 52-week low of $297.66 and a 52-week high of $621.00. The stock has a market cap of $60.47 billion, a price-to-earnings ratio of 12.14, a P/E/G ratio of 0.46 and a beta of 1.13. The company has a debt-to-equity ratio of 7.73, a quick ratio of 0.32 and a current ratio of 0.32. The firm has a fifty day moving average of $363.26 and a 200-day moving average of $390.63.

Charter Communications (NASDAQ:CHTRGet Rating) last announced its quarterly earnings data on Friday, October 28th. The company reported $7.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.94 by ($0.56). Charter Communications had a net margin of 10.21% and a return on equity of 36.48%. The business had revenue of $13.55 billion during the quarter, compared to analyst estimates of $13.67 billion. During the same quarter in the prior year, the company posted $6.50 EPS. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, equities research analysts forecast that Charter Communications, Inc. will post 30.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

CHTR has been the subject of several recent research reports. Truist Financial raised shares of Charter Communications from a “hold” rating to a “buy” rating and boosted their target price for the stock from $380.00 to $550.00 in a research report on Thursday, January 5th. The Goldman Sachs Group decreased their target price on shares of Charter Communications from $488.00 to $429.00 and set a “buy” rating for the company in a research report on Tuesday, November 1st. Cowen reduced their price objective on shares of Charter Communications from $670.00 to $649.00 in a research note on Wednesday, December 14th. Royal Bank of Canada reduced their price objective on shares of Charter Communications from $480.00 to $460.00 in a research note on Wednesday, December 14th. Finally, Rosenblatt Securities reduced their price objective on shares of Charter Communications from $440.00 to $437.00 and set a “buy” rating for the company in a research note on Monday, November 7th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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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