Moors & Cabot Inc. Acquires New Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Moors & Cabot Inc. purchased a new stake in Charter Communications, Inc. (NASDAQ:CHTRFree Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 505 shares of the company’s stock, valued at approximately $222,000.

A number of other large investors have also added to or reduced their stakes in CHTR. Janiczek Wealth Management LLC increased its position in Charter Communications by 168.0% during the 3rd quarter. Janiczek Wealth Management LLC now owns 67 shares of the company’s stock worth $29,000 after buying an additional 42 shares during the period. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Charter Communications in the third quarter worth $31,000. West Branch Capital LLC bought a new position in shares of Charter Communications in the second quarter worth $36,000. Capital Advisors Ltd. LLC increased its position in shares of Charter Communications by 307.4% in the second quarter. Capital Advisors Ltd. LLC now owns 110 shares of the company’s stock worth $40,000 after purchasing an additional 83 shares during the period. Finally, Harbour Investments Inc. increased its position in shares of Charter Communications by 30.5% in the second quarter. Harbour Investments Inc. now owns 137 shares of the company’s stock worth $50,000 after purchasing an additional 32 shares during the period. Institutional investors own 93.84% of the company’s stock.

Charter Communications Trading Down 4.4 %

NASDAQ CHTR opened at $290.28 on Wednesday. The company has a market cap of $42.94 billion, a price-to-earnings ratio of 9.67, a P/E/G ratio of 0.46 and a beta of 1.03. Charter Communications, Inc. has a 52 week low of $288.84 and a 52 week high of $458.30. The business has a 50 day moving average price of $373.84 and a 200-day moving average price of $406.08. The company has a quick ratio of 0.33, a current ratio of 0.31 and a debt-to-equity ratio of 6.51.

Charter Communications (NASDAQ:CHTRGet Free Report) last released its quarterly earnings data on Friday, February 2nd. The company reported $7.07 EPS for the quarter, missing the consensus estimate of $8.76 by ($1.69). The firm had revenue of $13.71 billion for the quarter, compared to the consensus estimate of $13.70 billion. Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.69 EPS. As a group, equities analysts expect that Charter Communications, Inc. will post 35.61 earnings per share for the current fiscal year.

Insider Activity

In related news, Chairman Thomas Rutledge sold 87,903 shares of Charter Communications stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $414.37, for a total transaction of $36,424,366.11. Following the transaction, the chairman now owns 132,798 shares of the company’s stock, valued at $55,027,507.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.32% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on CHTR. Barclays decreased their price target on Charter Communications from $325.00 to $280.00 and set an “underweight” rating on the stock in a research report on Monday. Morgan Stanley reduced their price objective on Charter Communications from $500.00 to $475.00 and set an “equal weight” rating on the stock in a research note on Monday, October 30th. Wells Fargo & Company lowered Charter Communications from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $460.00 to $340.00 in a research note on Monday. Citigroup reduced their price objective on Charter Communications from $480.00 to $425.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 1st. Finally, UBS Group reduced their price objective on Charter Communications from $415.00 to $360.00 and set a “neutral” rating on the stock in a research note on Monday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $425.31.

View Our Latest Research Report on CHTR

Charter Communications Profile

(Free Report)

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 internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; security suite that protects computers from viruses and spyware, and threats from malicious actors; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.

Further Reading

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

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