GAMMA Investing LLC Invests $140,000 in Charter Communications, Inc. (NASDAQ:CHTR)

GAMMA Investing LLC bought a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the 4th quarter, Holdings Channel reports. The firm bought 378 shares of the company’s stock, valued at approximately $140,000.

Several other large investors also recently made changes to their positions in the business. CX Institutional lifted its stake in shares of Charter Communications by 2.3% during the third quarter. CX Institutional now owns 1,185 shares of the company’s stock valued at $521,000 after acquiring an additional 27 shares during the period. Catalyst Capital Advisors LLC lifted its stake in shares of Charter Communications by 32.1% during the third 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. Parkside Financial Bank & Trust lifted its stake in shares of Charter Communications by 9.8% during the third quarter. Parkside Financial Bank & Trust now owns 313 shares of the company’s stock valued at $138,000 after acquiring an additional 28 shares during the period. PDS Planning Inc lifted its stake in shares of Charter Communications by 3.4% during the third quarter. PDS Planning Inc now owns 870 shares of the company’s stock valued at $383,000 after acquiring an additional 29 shares during the period. Finally, Aspiriant LLC lifted its stake in shares of Charter Communications by 2.3% during the fourth quarter. Aspiriant LLC now owns 1,533 shares of the company’s stock valued at $596,000 after acquiring an additional 35 shares during the period. Institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Down 1.7 %

NASDAQ:CHTR opened at $254.61 on Friday. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market cap of $36.98 billion, a PE ratio of 8.48, a PEG ratio of 0.45 and a beta of 0.96. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $458.30. The stock has a 50-day simple moving average of $281.16 and a 200 day simple moving average of $347.46.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, April 26th. The company reported $7.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). The firm had revenue of $13.68 billion for the quarter, compared to the consensus estimate of $13.75 billion. Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.65 earnings per share. On average, sell-side analysts expect that Charter Communications, Inc. will post 32.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut their price target on Charter Communications from $375.00 to $320.00 and set a “hold” rating on the stock in a research note on Tuesday, April 16th. Barclays cut their target price on Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. cut their target price on Charter Communications from $370.00 to $335.00 and set a “neutral” rating on the stock in a research note on Monday, April 1st. Pivotal Research cut their target price on Charter Communications from $500.00 to $450.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. Finally, Bank of America cut their target price on Charter Communications from $350.00 to $315.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Charter Communications has a consensus rating of “Hold” and a consensus target price of $380.80.

Charter Communications 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.