Virtu Financial LLC Purchases New Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Virtu Financial LLC acquired a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,787 shares of the company’s stock, valued at approximately $1,132,000.

Several other hedge funds have also recently bought and sold shares of CHTR. CVA Family Office LLC raised its holdings 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 buying an additional 110 shares in the last quarter. New Covenant Trust Company N.A. acquired a new position in Charter Communications during the first quarter worth about $34,000. Riverview Trust Co bought a new position in shares of Charter Communications in the first quarter worth about $40,000. Massmutual Trust Co. FSB ADV grew its holdings in shares of Charter Communications by 109.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock valued at $48,000 after purchasing an additional 83 shares during the last quarter. Finally, Beach Investment Counsel Inc. PA acquired a new position in Charter Communications during the 2nd quarter worth approximately $50,000. 81.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CHTR has been the topic of a number of research analyst reports. Bank of America raised their target price on shares of Charter Communications from $360.00 to $385.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Rosenblatt Securities boosted their price objective on Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Morgan Stanley upped their target price on Charter Communications from $330.00 to $360.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. The Goldman Sachs Group initiated coverage on Charter Communications in a research note on Monday, July 1st. They set a “sell” rating and a $250.00 price target on the stock. Finally, Wells Fargo & Company upped their price objective on Charter Communications from $260.00 to $350.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $360.93.

Charter Communications Price Performance

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

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, July 26th. The company reported $8.49 EPS for the quarter, beating the consensus estimate of $7.98 by $0.51. The company had revenue of $13.69 billion for the quarter, compared to analyst estimates of $13.59 billion. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The firm’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 earned $8.05 EPS. On average, analysts expect that Charter Communications, Inc. will post 32.52 earnings per share for the current year.

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.