Frank Rimerman Advisors LLC Purchases 2,387 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Frank Rimerman Advisors LLC boosted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 21,700.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,398 shares of the company’s stock after buying an additional 2,387 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Charter Communications were worth $717,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. CVA Family Office LLC raised its holdings in shares of Charter Communications by 5,500.0% during the second quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after acquiring an additional 110 shares in the last quarter. New Covenant Trust Company N.A. bought a new stake in shares of Charter Communications during the 1st quarter valued at about $34,000. Riverview Trust Co purchased a new position in shares of Charter Communications during the first quarter valued at about $40,000. Massmutual Trust Co. FSB ADV raised its stake in Charter Communications by 109.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock worth $48,000 after buying an additional 83 shares in the last quarter. Finally, Beach Investment Counsel Inc. PA bought a new position in Charter Communications in the second quarter worth about $50,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Price Performance

Shares of CHTR opened at $331.62 on Tuesday. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $458.30. The company has a market capitalization of $47.76 billion, a P/E ratio of 10.73, a price-to-earnings-growth ratio of 0.61 and a beta of 1.05. The firm has a 50 day moving average of $344.95 and a 200 day moving average of $302.84. 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 results on Friday, July 26th. The company reported $8.49 earnings per share for the quarter, topping the consensus estimate of $7.98 by $0.51. The firm had revenue of $13.69 billion during the quarter, compared to analysts’ expectations of $13.59 billion. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The company’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $8.05 earnings per share. As a group, equities research analysts anticipate that Charter Communications, Inc. will post 32.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CHTR. Royal Bank of Canada started coverage on Charter Communications in a report on Thursday, September 19th. They set a “sector perform” rating and a $345.00 target price on the stock. Raymond James downgraded Charter Communications from a “market perform” rating to an “underperform” rating in a report on Monday, July 29th. Citigroup raised Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price objective for the company in a research report on Wednesday, September 11th. Rosenblatt Securities upped their target price on shares of Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Finally, Wells Fargo & Company increased their price target on shares of Charter Communications from $260.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Charter Communications presently has an average rating of “Hold” and a consensus 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.