Cheviot Value Management LLC Raises Position in Charter Communications, Inc. (NASDAQ:CHTR)

Cheviot Value Management LLC grew its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 7.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,886 shares of the company’s stock after purchasing an additional 125 shares during the quarter. Cheviot Value Management LLC’s holdings in Charter Communications were worth $564,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. CVA Family Office LLC increased 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 during the last quarter. New Covenant Trust Company N.A. acquired a new stake in shares of Charter Communications during the 1st quarter worth $34,000. Riverview Trust Co acquired a new stake in shares of Charter Communications during the 1st quarter worth $40,000. Massmutual Trust Co. FSB ADV increased 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 worth $48,000 after buying an additional 83 shares during the last quarter. Finally, Beach Investment Counsel Inc. PA acquired a new stake in shares of Charter Communications during the 2nd quarter worth $50,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

Shares of CHTR stock opened at $331.62 on Tuesday. The company has a debt-to-equity ratio of 5.84, a quick ratio of 0.39 and a current ratio of 0.39. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $458.30. The company’s 50-day simple moving average is $344.95 and its 200-day simple moving average is $302.84. The stock has a market capitalization of $47.76 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 0.61 and a beta of 1.05.

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

Analysts Set New Price Targets

A number of research firms have recently commented on CHTR. Deutsche Bank Aktiengesellschaft upped 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. Pivotal Research increased their price target on Charter Communications from $400.00 to $435.00 and gave the company a “buy” rating in a report on Monday, July 29th. The Goldman Sachs Group started coverage on Charter Communications in a report on Monday, July 1st. They issued a “sell” rating and a $250.00 price target for the company. Wells Fargo & Company increased their price target on Charter Communications from $260.00 to $350.00 and gave the company an “equal weight” rating in a report on Monday, July 29th. Finally, Bank of America increased their price target on Charter Communications from $360.00 to $385.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Charter Communications currently has a consensus rating of “Hold” and an average target price of $359.94.

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.