Gallacher Capital Management LLC Buys 82 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Gallacher Capital Management LLC grew its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 11.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 807 shares of the company’s stock after acquiring an additional 82 shares during the quarter. Gallacher Capital Management LLC’s holdings in Charter Communications were worth $277,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Avior Wealth Management LLC increased its stake in Charter Communications by 104.7% during the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after purchasing an additional 45 shares in the last quarter. Sierra Ocean LLC acquired a new stake in shares of Charter Communications in the 4th quarter valued at approximately $32,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Charter Communications in the 4th quarter valued at approximately $45,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Charter Communications in the 4th quarter valued at approximately $55,000. Finally, BankPlus Trust Department acquired a new stake in shares of Charter Communications in the 4th quarter valued at approximately $71,000. 81.76% of the stock is owned by institutional investors.

Charter Communications Trading Up 1.8 %

Shares of CHTR stock opened at $351.50 on Monday. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The stock’s 50 day simple moving average is $355.59 and its two-hundred day simple moving average is $354.71. The company has a market cap of $49.98 billion, a PE ratio of 10.05, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping the consensus estimate of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same period in the prior year, the business earned $7.07 EPS. Research analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. KeyCorp raised Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target for the company in a report on Thursday, December 12th. Barclays raised their price target on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price target for the company in a report on Tuesday, November 26th. Benchmark reaffirmed a “buy” rating and set a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. Finally, Citigroup assumed coverage on Charter Communications in a research report on Friday. They set a “buy” rating and a $425.00 price objective on the stock. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $388.37.

Charter Communications Company 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.