Charter Communications, Inc. (NASDAQ:CHTR) Shares Purchased by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. grew its stake in Charter Communications, Inc. (NASDAQ:CHTR – Get Rating) by 56.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,663 shares of the company’s stock after purchasing an additional 599 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Charter Communications were worth $564,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Ellevest Inc. raised its stake in shares of Charter Communications by 54.2% in the 4th quarter. Ellevest Inc. now owns 74 shares of the company’s stock valued at $25,000 after purchasing an additional 26 shares in the last quarter. Accurate Wealth Management LLC bought a new stake in shares of Charter Communications during the 4th quarter valued at about $28,000. MCF Advisors LLC grew its position in shares of Charter Communications by 69.5% during the 3rd quarter. MCF Advisors LLC now owns 100 shares of the company’s stock valued at $30,000 after buying an additional 41 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in shares of Charter Communications by 292.9% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 110 shares of the company’s stock valued at $37,000 after buying an additional 82 shares during the last quarter. Finally, MADDEN SECURITIES Corp bought a new stake in shares of Charter Communications during the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 66.05% of the company’s stock.

Charter Communications Stock Performance

Shares of CHTR opened at $331.24 on Thursday. The company has a market capitalization of $50.56 billion, a PE ratio of 10.85, a price-to-earnings-growth ratio of 0.47 and a beta of 1.10. Charter Communications, Inc. has a one year low of $297.66 and a one year high of $515.66. The company has a debt-to-equity ratio of 7.44, a current ratio of 0.33 and a quick ratio of 0.33. The company’s fifty day moving average price is $345.34 and its 200 day moving average price is $362.79.

Charter Communications (NASDAQ:CHTR – Get Rating) last released its earnings results on Friday, April 28th. The company reported $6.65 earnings per share for the quarter, missing analysts’ consensus estimates of $7.21 by ($0.56). The firm had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.61 billion. Charter Communications had a return on equity of 37.99% and a net margin of 8.95%. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the business earned $6.90 earnings per share. As a group, analysts expect that Charter Communications, Inc. will post 30.66 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on CHTR shares. TD Securities decreased their target price on shares of Charter Communications from $610.00 to $585.00 and set a “buy” rating for the company in a research report on Monday, January 30th. Cfra upgraded shares of Charter Communications from an “underweight” rating to a “market weight” rating in a research report on Wednesday, March 29th. JPMorgan Chase & Co. decreased their target price on shares of Charter Communications from $470.00 to $450.00 in a research report on Sunday, January 29th. Pivotal Research lowered their price objective on shares of Charter Communications from $550.00 to $500.00 in a research note on Monday, May 1st. Finally, Loop Capital lowered their price objective on shares of Charter Communications from $405.00 to $390.00 in a research note on Tuesday, January 31st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $481.35.

Charter Communications Profile

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Charter Communications, Inc engages in the provision of broadband communications services. Its services include Spectrum TV, Spectrum Internet, and Spectrum Voice. The firm offers business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul.