Team Hewins LLC Purchases New Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Team Hewins LLC acquired a new position in shares of Charter Communications, Inc. (NASDAQ:CHTRFree Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 547 shares of the company’s stock, valued at approximately $213,000.

A number of other large investors also recently added to or reduced their stakes in the business. Wetzel Investment Advisors Inc. bought a new position in shares of Charter Communications in the 4th quarter worth $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Charter Communications during the 4th quarter worth about $44,000. Cullen Frost Bankers Inc. increased its stake in shares of Charter Communications by 769.2% in the 4th quarter. Cullen Frost Bankers Inc. now owns 113 shares of the company’s stock valued at $44,000 after acquiring an additional 100 shares during the last quarter. Catalyst Capital Advisors LLC raised its position in shares of Charter Communications by 32.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company’s stock valued at $49,000 after acquiring an additional 27 shares during the period. Finally, Bourgeon Capital Management LLC boosted its stake in Charter Communications by 219.5% during the 4th quarter. Bourgeon Capital Management LLC now owns 131 shares of the company’s stock worth $51,000 after acquiring an additional 90 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CHTR shares. Rosenblatt Securities cut their target price on shares of Charter Communications from $297.00 to $292.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. Wells Fargo & Company dropped their price objective on Charter Communications from $290.00 to $260.00 and set an “equal weight” rating on the stock in a research note on Monday, April 29th. Bank of America decreased their target price on Charter Communications from $315.00 to $300.00 and set a “neutral” rating for the company in a research note on Monday, April 29th. Pivotal Research lowered their price target on Charter Communications from $450.00 to $400.00 and set a “buy” rating for the company in a report on Monday, April 29th. Finally, Barclays cut their price objective on Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Charter Communications presently has an average rating of “Hold” and an average target price of $356.47.

Read Our Latest Research Report on CHTR

Charter Communications Price Performance

NASDAQ CHTR opened at $271.46 on Monday. The firm’s 50 day moving average is $272.76 and its 200-day moving average is $325.12. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 6.28. The company has a market capitalization of $39.10 billion, a PE ratio of 8.78, a price-to-earnings-growth ratio of 1.09 and a beta of 0.97. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $458.30.

Charter Communications (NASDAQ:CHTRGet Free Report) last issued its quarterly earnings results on Friday, April 26th. The company reported $7.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.78 by ($0.23). Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The business had revenue of $13.68 billion during the quarter, compared to analyst estimates of $13.75 billion. During the same quarter in the previous year, the firm posted $6.65 earnings per share. The firm’s quarterly revenue was up .2% on a year-over-year basis. Equities research analysts anticipate that Charter Communications, Inc. will post 32.02 earnings per share for the current fiscal year.

Charter Communications Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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