Disciplined Equity Management Inc. Acquires New Shares in Charter Communications, Inc. (NASDAQ:CHTR)

Disciplined Equity Management Inc. acquired a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 215 shares of the company’s stock, valued at approximately $84,000.

Several other institutional investors also recently modified their holdings of CHTR. CWM LLC boosted its position in shares of Charter Communications by 7.6% during the third quarter. CWM LLC now owns 2,303 shares of the company’s stock valued at $1,013,000 after buying an additional 162 shares during the last quarter. AE Wealth Management LLC boosted its position in Charter Communications by 59.1% in the third quarter. AE Wealth Management LLC now owns 2,445 shares of the company’s stock worth $1,075,000 after purchasing an additional 908 shares during the last quarter. Ritholtz Wealth Management purchased a new position in Charter Communications in the third quarter worth about $372,000. Flagship Harbor Advisors LLC purchased a new position in Charter Communications in the third quarter worth about $258,000. Finally, Proficio Capital Partners LLC boosted its position in Charter Communications by 4.8% in the third quarter. Proficio Capital Partners LLC now owns 595 shares of the company’s stock worth $262,000 after purchasing an additional 27 shares during the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Trading Down 0.6 %

Shares of NASDAQ CHTR traded down $1.61 during trading hours on Wednesday, hitting $264.70. 1,132,689 shares of the company traded hands, compared to its average volume of 1,578,214. The stock has a market capitalization of $38.44 billion, a price-to-earnings ratio of 8.82, a price-to-earnings-growth ratio of 0.46 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. The company’s 50 day moving average price is $282.63 and its 200 day moving average price is $350.07. Charter Communications, Inc. has a 12 month low of $254.31 and a 12 month high of $458.30.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, February 2nd. The company reported $7.07 earnings per share for the quarter, missing the consensus estimate of $8.76 by ($1.69). Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The company had revenue of $13.71 billion for the quarter, compared to the consensus estimate of $13.70 billion. During the same period in the prior year, the firm posted $7.69 EPS. The business’s revenue for the quarter was up .3% compared to the same quarter last year. On average, equities research analysts anticipate that Charter Communications, Inc. will post 32.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Rosenblatt Securities lowered their price objective on Charter Communications from $334.00 to $297.00 and set a “neutral” rating on the stock in a research report on Monday, April 15th. Bank of America lowered their price objective on Charter Communications from $350.00 to $315.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 9th. Sanford C. Bernstein raised Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 target price on the stock in a research note on Monday, March 18th. Wells Fargo & Company decreased their target price on Charter Communications from $340.00 to $290.00 and set an “equal weight” rating on the stock in a research note on Friday, April 5th. Finally, UBS Group decreased their target price on Charter Communications from $360.00 to $325.00 and set a “neutral” rating on the stock in a research note on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $380.80.

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.