Capco Asset Management LLC Increases Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Capco Asset Management LLC raised its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 109,343 shares of the company’s stock after acquiring an additional 1,795 shares during the quarter. Charter Communications makes up 7.7% of Capco Asset Management LLC’s portfolio, making the stock its 5th largest holding. Capco Asset Management LLC owned about 0.08% of Charter Communications worth $32,689,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CHTR. CVA Family Office LLC increased its position in shares of Charter Communications by 5,500.0% during the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock worth $33,000 after purchasing an additional 110 shares in the last quarter. New Covenant Trust Company N.A. acquired a new stake in shares of Charter Communications during the first quarter worth approximately $34,000. Riverview Trust Co bought a new position in shares of Charter Communications in the first quarter valued at approximately $40,000. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Charter Communications by 109.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock worth $48,000 after acquiring an additional 83 shares in the last quarter. Finally, Beach Investment Counsel Inc. PA bought a new stake in Charter Communications during the 2nd quarter worth approximately $50,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Up 0.1 %

NASDAQ:CHTR opened at $339.64 on Thursday. The stock’s fifty day simple moving average is $343.87 and its 200-day simple moving average is $301.60. The firm has a market capitalization of $48.92 billion, a P/E ratio of 10.98, a P/E/G ratio of 0.61 and a beta of 1.05. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 5.84. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $458.30.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, July 26th. The company reported $8.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.98 by $0.51. The firm had revenue of $13.69 billion for the quarter, compared to analysts’ expectations of $13.59 billion. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business earned $8.05 earnings per share. Equities research analysts expect that Charter Communications, Inc. will post 32.52 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on CHTR shares. Barclays lifted their price objective on Charter Communications from $250.00 to $300.00 and gave the company an “underweight” rating in a research report on Monday, July 29th. JPMorgan Chase & Co. upped their price target on shares of Charter Communications from $300.00 to $385.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Charter Communications from $300.00 to $325.00 and gave the company a “hold” rating in a research report on Monday, July 29th. The Goldman Sachs Group started coverage on shares of Charter Communications in a research note on Monday, July 1st. They issued a “sell” rating and a $250.00 target price for the company. Finally, Raymond James cut shares of Charter Communications from a “market perform” rating to an “underperform” rating in a research note on Monday, July 29th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $360.93.

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.