Savant Capital LLC Grows Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Savant Capital LLC lifted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 61.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,202 shares of the company’s stock after acquiring an additional 1,220 shares during the quarter. Savant Capital LLC’s holdings in Charter Communications were worth $1,245,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Catalyst Capital Advisors LLC increased its holdings in Charter Communications by 32.1% during the third quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company’s stock valued at $49,000 after buying an additional 27 shares during the period. Parkside Financial Bank & Trust raised its position in shares of Charter Communications by 9.8% in the 3rd quarter. Parkside Financial Bank & Trust now owns 313 shares of the company’s stock worth $138,000 after acquiring an additional 28 shares in the last quarter. Aspiriant LLC lifted its stake in shares of Charter Communications by 2.3% during the 4th quarter. Aspiriant LLC now owns 1,533 shares of the company’s stock worth $596,000 after purchasing an additional 35 shares during the last quarter. Summit Trail Advisors LLC grew its stake in Charter Communications by 2.2% in the third quarter. Summit Trail Advisors LLC now owns 1,744 shares of the company’s stock valued at $767,000 after purchasing an additional 37 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in Charter Communications by 23.8% in the third quarter. Allworth Financial LP now owns 198 shares of the company’s stock worth $87,000 after purchasing an additional 38 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Up 1.5 %

Shares of Charter Communications stock opened at $265.93 on Friday. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $458.30. The company has a debt-to-equity ratio of 6.28, a quick ratio of 0.31 and a current ratio of 0.40. The company has a market cap of $38.62 billion, a P/E ratio of 8.60, a price-to-earnings-growth ratio of 1.04 and a beta of 0.97. The firm has a 50-day simple moving average of $278.46 and a two-hundred day simple moving average of $342.90.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, April 26th. The company reported $7.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). The business had revenue of $13.68 billion for the quarter, compared to analysts’ expectations of $13.75 billion. Charter Communications had a return on equity of 31.42% and a net margin of 8.50%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.65 EPS. As a group, equities analysts predict that Charter Communications, Inc. will post 32.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on CHTR. JPMorgan Chase & Co. cut their price objective on shares of Charter Communications from $370.00 to $335.00 and set a “neutral” rating on the stock in a research report on Monday, April 1st. Benchmark reduced their price target on Charter Communications from $490.00 to $440.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. Bank of America lowered their price objective on Charter Communications from $315.00 to $300.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. Citigroup decreased their price objective on shares of Charter Communications from $300.00 to $280.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. Finally, Barclays decreased their price target on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating for the company in a report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Charter Communications presently has an average rating of “Hold” and a consensus target price of $356.47.

About Charter Communications

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; Advanced WiFi services; Spectrum Security Shield; 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.