Beese Fulmer Investment Management Inc. Acquires Shares of 592 Charter Communications, Inc. (NASDAQ:CHTR)

Beese Fulmer Investment Management Inc. bought a new position in Charter Communications, Inc. (NASDAQ:CHTR) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 592 shares of the company’s stock, valued at approximately $203,000.

Several other institutional investors also recently modified their holdings of CHTR. Sanctuary Advisors LLC bought a new position in Charter Communications in the 2nd quarter valued at $1,212,000. Czech National Bank grew its position in Charter Communications by 5.9% during the third quarter. Czech National Bank now owns 19,772 shares of the company’s stock valued at $6,408,000 after buying an additional 1,108 shares during the period. Diversified Trust Co increased its holdings in Charter Communications by 6.4% during the third quarter. Diversified Trust Co now owns 883 shares of the company’s stock worth $286,000 after buying an additional 53 shares during the last quarter. Atomi Financial Group Inc. bought a new stake in Charter Communications in the third quarter worth about $276,000. Finally, Brookstone Capital Management boosted its stake in Charter Communications by 116.7% in the third quarter. Brookstone Capital Management now owns 1,508 shares of the company’s stock valued at $489,000 after acquiring an additional 812 shares during the last quarter. 81.76% of the stock is owned by institutional investors.

Charter Communications Stock Performance

Shares of CHTR opened at $353.31 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.34 and a debt-to-equity ratio of 4.73. The stock has a 50-day moving average price of $360.53 and a 200-day moving average price of $353.34. The company has a market cap of $50.24 billion, a PE ratio of 10.11, a price-to-earnings-growth ratio of 0.46 and a beta of 1.11. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, topping analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same period in the previous year, the firm posted $7.07 earnings per share. As a group, equities analysts forecast that Charter Communications, Inc. will post 36.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CHTR has been the subject of several research analyst reports. Benchmark restated a “buy” rating and set a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. Bank of America upgraded Charter Communications from a “neutral” rating to a “buy” rating and boosted their target price for the company from $385.00 to $450.00 in a research note on Monday, November 4th. Barclays increased their price target on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research note on Monday. KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a research note on Thursday, December 12th. Finally, Pivotal Research increased their target price on shares of Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $384.42.

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.