First Trust Direct Indexing L.P. Grows Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

First Trust Direct Indexing L.P. boosted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 7.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,643 shares of the company’s stock after acquiring an additional 109 shares during the period. First Trust Direct Indexing L.P.’s holdings in Charter Communications were worth $639,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Pzena Investment Management LLC increased its stake in shares of Charter Communications by 21.0% during the third quarter. Pzena Investment Management LLC now owns 1,459,148 shares of the company’s stock worth $641,762,000 after buying an additional 253,324 shares during the period. Morgan Stanley increased its position in shares of Charter Communications by 15.8% in the 3rd quarter. Morgan Stanley now owns 1,186,738 shares of the company’s stock valued at $521,952,000 after purchasing an additional 161,830 shares during the last quarter. Parnassus Investments LLC purchased a new stake in shares of Charter Communications in the 3rd quarter valued at approximately $508,684,000. Northern Trust Corp lifted its position in shares of Charter Communications by 2.2% during the 3rd quarter. Northern Trust Corp now owns 1,048,544 shares of the company’s stock worth $461,171,000 after purchasing an additional 22,494 shares during the last quarter. Finally, Allen Investment Management LLC grew its stake in shares of Charter Communications by 25.4% during the third quarter. Allen Investment Management LLC now owns 873,714 shares of the company’s stock worth $384,277,000 after purchasing an additional 177,224 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Trading Up 1.5 %

NASDAQ CHTR opened at $265.93 on Friday. The company has a debt-to-equity ratio of 6.28, a quick ratio of 0.31 and a current ratio of 0.40. The firm has a market cap of $38.62 billion, a PE ratio of 8.60, a P/E/G ratio of 1.07 and a beta of 0.97. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $458.30. The firm’s fifty day moving average is $277.79 and its two-hundred day moving average is $341.59.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, April 26th. The company reported $7.55 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 company had revenue of $13.68 billion for the quarter, compared to analysts’ expectations of $13.75 billion. During the same period in the prior year, the company earned $6.65 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. Analysts expect that Charter Communications, Inc. will post 32.02 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on CHTR shares. 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. Bank of America cut their target price on Charter Communications from $315.00 to $300.00 and set a “neutral” rating on the stock in a research report on Monday, April 29th. Wells Fargo & Company lowered their price target on Charter Communications from $290.00 to $260.00 and set an “equal weight” rating for the company in a report on Monday, April 29th. JPMorgan Chase & Co. cut their price objective on shares of Charter Communications from $370.00 to $335.00 and set a “neutral” rating on the stock in a report on Monday, April 1st. Finally, Barclays reduced their price objective on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating for the company in a research report on Tuesday, April 2nd. 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 company. Based on data from MarketBeat, Charter Communications has a consensus rating of “Hold” and a consensus price target of $356.47.

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.