GAMMA Investing LLC Reduces Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

GAMMA Investing LLC cut its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 24.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 285 shares of the company’s stock after selling 93 shares during the quarter. GAMMA Investing LLC’s holdings in Charter Communications were worth $83,000 at the end of the most recent quarter.

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

Charter Communications Stock Up 2.2 %

Shares of Charter Communications stock opened at $290.35 on Monday. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $458.30. The company has a market capitalization of $41.82 billion, a PE ratio of 9.39, a P/E/G ratio of 1.14 and a beta of 1.04. The company has a debt-to-equity ratio of 6.28, a current ratio of 0.40 and a quick ratio of 0.40. The business has a 50-day moving average of $271.42 and a 200-day moving average of $307.81.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data 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). The business had revenue of $13.68 billion for the quarter, compared to analyst estimates of $13.75 billion. Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. Charter Communications’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the business earned $6.65 EPS. As a group, equities analysts forecast that Charter Communications, Inc. will post 32.02 EPS for the current fiscal year.

Analysts Set New Price Targets

CHTR has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Charter Communications from $375.00 to $320.00 and set a “hold” rating on the stock in a research report on Tuesday, April 16th. Barclays reduced their target price on Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a report on Tuesday, April 2nd. Loop Capital dropped their price target on Charter Communications from $335.00 to $285.00 and set a “hold” rating for the company in a research note on Monday, April 29th. UBS Group reduced their price objective on Charter Communications from $360.00 to $325.00 and set a “neutral” rating on the stock in a research note on Thursday, March 28th. Finally, Pivotal Research dropped their target price on shares of Charter Communications from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Monday, April 29th. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Charter Communications presently has an average rating of “Hold” and an average price target 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.