Charter Communications, Inc. (NASDAQ:CHTR) Stock Position Increased by DRW Securities LLC

DRW Securities LLC boosted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 739.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,842 shares of the company’s stock after purchasing an additional 6,027 shares during the period. DRW Securities LLC’s holdings in Charter Communications were worth $2,045,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Savant Capital LLC grew its position in Charter Communications by 1.7% during the second quarter. Savant Capital LLC now owns 1,859 shares of the company’s stock valued at $556,000 after purchasing an additional 31 shares in the last quarter. Deseret Mutual Benefit Administrators lifted its position in Charter Communications by 3.1% during the 2nd quarter. Deseret Mutual Benefit Administrators now owns 1,215 shares of the company’s stock worth $363,000 after acquiring an additional 36 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Charter Communications by 9.6% in the second quarter. EverSource Wealth Advisors LLC now owns 423 shares of the company’s stock worth $126,000 after purchasing an additional 37 shares during the period. PFG Investments LLC grew its holdings in Charter Communications by 2.1% in the 2nd quarter. PFG Investments LLC now owns 1,926 shares of the company’s stock valued at $576,000 after buying an additional 39 shares during the last quarter. Finally, Gulf International Bank UK Ltd increased its position in Charter Communications by 0.5% in the 1st quarter. Gulf International Bank UK Ltd now owns 8,067 shares of the company’s stock worth $2,344,000 after buying an additional 40 shares during the period. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Stock Performance

Shares of CHTR stock opened at $330.40 on Friday. The firm has a market cap of $47.59 billion, a PE ratio of 10.69, a P/E/G ratio of 0.61 and a beta of 1.05. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $458.30. The company’s fifty day simple moving average is $344.81 and its 200-day simple moving average is $302.31. 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 (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, July 26th. The company reported $8.49 EPS for the quarter, topping analysts’ consensus estimates of $7.98 by $0.51. The company had revenue of $13.69 billion during the quarter, compared to the consensus estimate of $13.59 billion. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $8.05 EPS. Equities research analysts expect that Charter Communications, Inc. will post 32.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CHTR shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Charter Communications from $300.00 to $325.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Citigroup raised shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price objective for the company in a report on Wednesday, September 11th. Wolfe Research lowered Charter Communications from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 31st. Rosenblatt Securities lifted their price target on Charter Communications from $292.00 to $329.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Finally, The Goldman Sachs Group assumed coverage on shares of Charter Communications in a research report on Monday, July 1st. They issued a “sell” rating and a $250.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $359.94.

Charter Communications 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.