Charter Communications, Inc. $CHTR Shares Purchased by First Horizon Advisors Inc.

First Horizon Advisors Inc. grew its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 72.1% in the second quarter, HoldingsChannel reports. The fund owned 1,248 shares of the company’s stock after buying an additional 523 shares during the quarter. First Horizon Advisors Inc.’s holdings in Charter Communications were worth $510,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. SouthState Corp purchased a new stake in Charter Communications in the first quarter valued at approximately $25,000. Salem Investment Counselors Inc. boosted its holdings in shares of Charter Communications by 2,033.3% in the 2nd quarter. Salem Investment Counselors Inc. now owns 64 shares of the company’s stock valued at $26,000 after purchasing an additional 61 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Charter Communications in the 2nd quarter valued at $28,000. SBI Securities Co. Ltd. grew its stake in shares of Charter Communications by 93.2% during the 1st quarter. SBI Securities Co. Ltd. now owns 85 shares of the company’s stock valued at $31,000 after buying an additional 41 shares during the period. Finally, Strengthening Families & Communities LLC acquired a new stake in shares of Charter Communications during the 1st quarter worth $33,000. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CHTR has been the topic of a number of research analyst reports. BNP Paribas Exane reduced their target price on Charter Communications from $255.00 to $200.00 and set an “underperform” rating on the stock in a report on Tuesday. Barclays decreased their target price on Charter Communications from $275.00 to $200.00 and set an “underweight” rating for the company in a report on Monday. KeyCorp restated a “sector weight” rating on shares of Charter Communications in a report on Monday. Bank of America reduced their price target on shares of Charter Communications from $440.00 to $355.00 and set a “buy” rating on the stock in a research report on Wednesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Charter Communications from $325.00 to $275.00 and set a “hold” rating for the company in a research report on Monday. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $329.56.

Charter Communications Stock Down 3.2%

Shares of NASDAQ:CHTR opened at $217.86 on Friday. The company has a market capitalization of $29.76 billion, a price-to-earnings ratio of 5.97, a price-to-earnings-growth ratio of 0.55 and a beta of 1.04. The company has a 50 day moving average of $258.13 and a two-hundred day moving average of $325.39. Charter Communications, Inc. has a 52-week low of $214.83 and a 52-week high of $437.06. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 4.57.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, October 31st. The company reported $8.34 EPS for the quarter, missing analysts’ consensus estimates of $9.66 by ($1.32). The firm had revenue of $13.67 billion for the quarter, compared to analyst estimates of $13.76 billion. Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the firm posted $8.82 earnings per share. As a group, analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

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.