Charter Communications, Inc. (NASDAQ:CHTR) Stock Position Raised by California First Leasing Corp

California First Leasing Corp raised its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 18.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,777 shares of the company’s stock after purchasing an additional 1,815 shares during the period. Charter Communications accounts for about 2.4% of California First Leasing Corp’s investment portfolio, making the stock its 17th largest position. California First Leasing Corp’s holdings in Charter Communications were worth $4,577,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. CX Institutional raised its stake in shares of Charter Communications by 2.3% in the 3rd quarter. CX Institutional now owns 1,185 shares of the company’s stock valued at $521,000 after acquiring an additional 27 shares in the last quarter. Catalyst Capital Advisors LLC increased its position 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 buying an additional 27 shares during the period. Parkside Financial Bank & Trust increased its position in Charter Communications by 9.8% in the 3rd quarter. Parkside Financial Bank & Trust now owns 313 shares of the company’s stock worth $138,000 after buying an additional 28 shares during the period. PDS Planning Inc increased its position in Charter Communications by 3.4% in the 3rd quarter. PDS Planning Inc now owns 870 shares of the company’s stock worth $383,000 after buying an additional 29 shares during the period. Finally, Aspiriant LLC increased its position in Charter Communications by 2.3% in the 4th quarter. Aspiriant LLC now owns 1,533 shares of the company’s stock worth $596,000 after buying an additional 35 shares during the period. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Price Performance

CHTR stock traded down $4.49 during trading on Friday, hitting $254.61. The company had a trading volume of 2,599,669 shares, compared to its average volume of 1,598,177. The company has a fifty day moving average price of $281.16 and a two-hundred day moving average price of $348.14. 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 has a market cap of $36.98 billion, a P/E ratio of 8.48, a P/E/G ratio of 0.46 and a beta of 0.96. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $458.30.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, April 26th. The company reported $7.55 EPS for the quarter, missing the consensus estimate of $7.78 by ($0.23). The company had revenue of $13.68 billion during the quarter, compared to analyst estimates of $13.75 billion. Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. Charter Communications’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.65 EPS. Equities research analysts expect that Charter Communications, Inc. will post 32.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Benchmark dropped their price target on Charter Communications from $490.00 to $440.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. Wells Fargo & Company dropped their price target on Charter Communications from $340.00 to $290.00 and set an “equal weight” rating on the stock in a research report on Friday, April 5th. JPMorgan Chase & Co. dropped their price target on Charter Communications from $370.00 to $335.00 and set a “neutral” rating on the stock in a research report on Monday, April 1st. Rosenblatt Securities decreased their price objective on Charter Communications from $334.00 to $297.00 and set a “neutral” rating on the stock in a report on Monday, April 15th. Finally, Bank of America decreased their price objective on Charter Communications from $350.00 to $315.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Charter Communications has a consensus rating of “Hold” and an average price target of $380.80.

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.