Meadow Creek Wealth Advisors LLC Invests $258,000 in Charter Communications, Inc. (NASDAQ:CHTR)

Meadow Creek Wealth Advisors LLC purchased a new position in Charter Communications, Inc. (NASDAQ:CHTR) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 663 shares of the company’s stock, valued at approximately $258,000.

Other hedge funds have also recently made changes to their positions in the company. Janiczek Wealth Management LLC boosted its position in shares of Charter Communications by 168.0% in the 3rd quarter. Janiczek Wealth Management LLC now owns 67 shares of the company’s stock worth $29,000 after purchasing an additional 42 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC purchased a new position in Charter Communications in the 3rd quarter worth approximately $31,000. Catalyst Capital Advisors LLC raised its holdings in Charter Communications by 32.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company’s stock worth $49,000 after acquiring an additional 27 shares during the last quarter. Harbour Investments Inc. raised its holdings in Charter Communications by 30.5% in the 2nd quarter. Harbour Investments Inc. now owns 137 shares of the company’s stock worth $50,000 after acquiring an additional 32 shares during the last quarter. Finally, NBC Securities Inc. purchased a new position in Charter Communications in the 3rd quarter worth approximately $56,000. 81.76% of the stock is owned by institutional investors.

Charter Communications Stock Performance

Charter Communications stock traded down $2.88 during trading on Thursday, reaching $290.63. The company had a trading volume of 1,253,964 shares, compared to its average volume of 1,690,371. Charter Communications, Inc. has a 52 week low of $270.41 and a 52 week high of $458.30. The firm’s 50-day simple moving average is $310.19 and its 200 day simple moving average is $374.00. The firm has a market capitalization of $42.21 billion, a price-to-earnings ratio of 9.68, a price-to-earnings-growth ratio of 0.43 and a beta of 0.96. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 6.51.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, February 2nd. The company reported $7.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.76 by ($1.69). Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. The business had revenue of $13.71 billion during the quarter, compared to analysts’ expectations of $13.70 billion. During the same quarter in the previous year, the company posted $7.69 EPS. The company’s quarterly revenue was up .3% on a year-over-year basis. Sell-side analysts forecast that Charter Communications, Inc. will post 33.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CHTR. JPMorgan Chase & Co. lowered shares of Charter Communications from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $445.00 to $370.00 in a report on Monday, February 5th. Barclays decreased their price objective on shares of Charter Communications from $325.00 to $280.00 and set an “underweight” rating for the company in a report on Monday, February 5th. Rosenblatt Securities lowered shares of Charter Communications from a “buy” rating to a “neutral” rating and decreased their target price for the company from $472.00 to $335.00 in a research note on Tuesday, February 20th. Wells Fargo & Company lowered shares of Charter Communications from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $460.00 to $340.00 in a research note on Monday, February 5th. Finally, Pivotal Research decreased their target price on shares of Charter Communications from $500.00 to $450.00 and set a “buy” rating for the company in a research note on Monday, February 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Charter Communications presently has a consensus rating of “Hold” and an average target price of $408.75.

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.