Mather Group LLC. Purchases Shares of 412 Charter Communications, Inc. (NASDAQ:CHTR)

Mather Group LLC. acquired a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 412 shares of the company’s stock, valued at approximately $120,000.

A number of other large investors have also made changes to their positions in the stock. Wetzel Investment Advisors Inc. bought a new position in Charter Communications in the fourth quarter worth $25,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Charter Communications during the 4th quarter worth about $44,000. Cullen Frost Bankers Inc. boosted its position in shares of Charter Communications by 769.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 113 shares of the company’s stock valued at $44,000 after acquiring an additional 100 shares in the last quarter. Bourgeon Capital Management LLC increased its stake in Charter Communications by 219.5% in the fourth quarter. Bourgeon Capital Management LLC now owns 131 shares of the company’s stock valued at $51,000 after acquiring an additional 90 shares during the period. Finally, Johnson Financial Group Inc. raised its position in Charter Communications by 89.9% in the fourth quarter. Johnson Financial Group Inc. now owns 169 shares of the company’s stock worth $66,000 after purchasing an additional 80 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Performance

Shares of NASDAQ:CHTR opened at $290.35 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 6.28. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $458.30. The stock has a market capitalization of $41.82 billion, a P/E ratio of 9.39, a P/E/G ratio of 1.11 and a beta of 1.04. The business has a 50-day moving average price of $271.42 and a two-hundred day moving average price of $308.58.

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

Analysts Set New Price Targets

A number of research firms have weighed in on CHTR. Barclays decreased their price objective on Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a report on Tuesday, April 2nd. Citigroup lowered their price target on Charter Communications from $300.00 to $280.00 and set a “neutral” rating on the stock in a research report on Monday, April 29th. Rosenblatt Securities cut their price objective on Charter Communications from $297.00 to $292.00 and set a “neutral” rating for the company in a report on Monday, April 29th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Charter Communications from $375.00 to $320.00 and set a “hold” rating on the stock in a report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. reduced their price target 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. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Charter Communications has a consensus rating of “Hold” and a consensus target price of $356.47.

Charter Communications Company Profile

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.