Creative Planning Grows Position in Charter Communications, Inc. (NASDAQ:CHTR)

Creative Planning increased its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 32.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,820 shares of the company’s stock after acquiring an additional 2,624 shares during the quarter. Creative Planning’s holdings in Charter Communications were worth $3,235,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CHTR. CVA Family Office LLC boosted 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 valued at $33,000 after purchasing an additional 110 shares during the last quarter. New Covenant Trust Company N.A. bought a new position in Charter Communications during the first quarter valued at approximately $34,000. Riverview Trust Co purchased a new position in Charter Communications during the 1st quarter valued at approximately $40,000. Massmutual Trust Co. FSB ADV increased its stake in 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 during the last quarter. Finally, Beach Investment Counsel Inc. PA purchased a new stake in shares of Charter Communications during the 2nd quarter worth approximately $50,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Trading Up 1.2 %

CHTR stock opened at $326.32 on Friday. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $458.30. The firm’s 50-day moving average is $344.62 and its 200 day moving average is $304.60. The company has a market capitalization of $47.00 billion, a PE ratio of 10.55, a P/E/G ratio of 0.61 and a beta of 1.05. The company has a debt-to-equity ratio of 5.84, a current ratio of 0.39 and a quick ratio of 0.39.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, July 26th. The company reported $8.49 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $13.59 billion. During the same period 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. On average, research analysts anticipate that Charter Communications, Inc. will post 32.52 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on CHTR shares. Morgan Stanley raised their target price on shares of Charter Communications from $330.00 to $360.00 and gave the company an “equal weight” rating in a report on Monday, July 29th. Rosenblatt Securities boosted their target price on shares of Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” 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 target for the company in a report on Wednesday, September 11th. Barclays lifted their price target on Charter Communications from $250.00 to $300.00 and gave the stock an “underweight” rating in a research report on Monday, July 29th. Finally, TD Cowen upped their price objective on Charter Communications from $488.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Charter Communications has an average rating of “Hold” and an average target price of $356.41.

Charter Communications Company 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.