GAMMA Investing LLC Has $678,000 Position in Charter Communications, Inc. (NASDAQ:CHTR)

GAMMA Investing LLC lifted its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 9.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,977 shares of the company’s stock after buying an additional 175 shares during the period. GAMMA Investing LLC’s holdings in Charter Communications were worth $678,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Reston Wealth Management LLC acquired a new stake in Charter Communications during the 3rd quarter worth about $26,000. Ashton Thomas Securities LLC acquired a new stake in shares of Charter Communications during the third quarter worth approximately $28,000. Grove Bank & Trust grew its position in Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after purchasing an additional 34 shares in the last quarter. CVA Family Office LLC increased its stake in Charter Communications by 31.3% in the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company’s stock valued at $48,000 after buying an additional 35 shares during the period. Finally, Capital Advisors Ltd. LLC lifted its position in Charter Communications by 28.7% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock worth $51,000 after buying an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CHTR. Royal Bank of Canada upped their price target on shares of Charter Communications from $345.00 to $390.00 and gave the stock a “sector perform” rating in a research note on Monday, November 4th. Citigroup raised Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 target price on the stock in a research report on Wednesday, September 11th. Pivotal Research boosted their price target on Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. raised their price objective on shares of Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Finally, Benchmark boosted their target price on shares of Charter Communications from $440.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $384.42.

Charter Communications Price Performance

NASDAQ:CHTR opened at $358.35 on Friday. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27. The company has a fifty day moving average price of $373.82 and a 200 day moving average price of $345.11. The stock has a market cap of $50.96 billion, a P/E ratio of 11.22, a PEG ratio of 0.60 and a beta of 1.10.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, November 1st. The company reported $8.82 EPS for the quarter, beating analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The business had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. During the same quarter in the prior year, the business earned $8.25 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. Analysts anticipate that Charter Communications, Inc. will post 32.87 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.