Signaturefd LLC Acquires 57 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Signaturefd LLC lifted its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 4.7% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,279 shares of the company’s stock after buying an additional 57 shares during the period. Signaturefd LLC’s holdings in Charter Communications were worth $471,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CHTR. Edgestream Partners L.P. bought a new position in Charter Communications in the first quarter valued at $2,838,000. CWM LLC increased its position in shares of Charter Communications by 7.4% during the first quarter. CWM LLC now owns 1,934 shares of the company’s stock valued at $713,000 after acquiring an additional 133 shares in the last quarter. New York State Common Retirement Fund grew its position in Charter Communications by 2.9% in the 1st quarter. New York State Common Retirement Fund now owns 53,638 shares of the company’s stock worth $19,767,000 after purchasing an additional 1,500 shares during the period. Arizona State Retirement System boosted its stake in shares of Charter Communications by 2.8% during the 1st quarter. Arizona State Retirement System now owns 27,101 shares of the company’s stock worth $9,988,000 after acquiring an additional 747 shares during the last quarter. Finally, Kathmere Capital Management LLC lifted its stake in shares of Charter Communications by 3.8% during the 1st quarter. Kathmere Capital Management LLC now owns 876 shares of the company’s stock valued at $323,000 after buying an additional 32 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

Shares of CHTR stock opened at $383.56 on Friday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.54. Charter Communications, Inc. has a 12 month low of $304.76 and a 12 month high of $437.06. The company has a market cap of $53.84 billion, a P/E ratio of 10.70, a PEG ratio of 0.41 and a beta of 1.08. The firm has a fifty day moving average price of $400.54 and a 200 day moving average price of $372.10.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, April 25th. The company reported $8.42 earnings per share for the quarter, missing analysts’ consensus estimates of $8.70 by ($0.28). The business had revenue of $13.74 billion for the quarter, compared to analysts’ expectations of $13.67 billion. Charter Communications had a return on equity of 27.70% and a net margin of 9.42%. The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same period last year, the business earned $7.55 earnings per share. Sell-side analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CHTR. UBS Group boosted their target price on shares of Charter Communications from $400.00 to $425.00 and gave the stock a “neutral” rating in a report on Wednesday, June 18th. Citigroup upped their price target on shares of Charter Communications from $425.00 to $445.00 and gave the company a “buy” rating in a research note on Monday, April 28th. Oppenheimer upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $500.00 price objective on the stock in a research note on Friday, May 16th. Bank of America raised their price target on shares of Charter Communications from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Tuesday, July 1st. Finally, Barclays raised their price target on shares of Charter Communications from $320.00 to $341.00 and gave the stock an “underweight” rating in a research note on Monday. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Charter Communications has an average rating of “Hold” and an average target price of $422.37.

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.