Charter Communications, Inc. (NASDAQ:CHTR) Shares Acquired by Spinnaker Trust

Spinnaker Trust boosted its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 5.6% during the 4th quarter, Holdings Channel reports. The fund owned 14,275 shares of the company’s stock after acquiring an additional 752 shares during the quarter. Spinnaker Trust’s holdings in Charter Communications were worth $5,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. AE Wealth Management LLC increased its holdings in shares of Charter Communications by 59.1% during the third quarter. AE Wealth Management LLC now owns 2,445 shares of the company’s stock valued at $1,075,000 after purchasing an additional 908 shares during the period. Flagship Harbor Advisors LLC bought a new position in Charter Communications in the 3rd quarter valued at about $258,000. CX Institutional increased its stake in Charter Communications by 2.3% during the 3rd quarter. CX Institutional now owns 1,185 shares of the company’s stock valued at $521,000 after buying an additional 27 shares during the period. UMB Bank n.a. raised its position in shares of Charter Communications by 28.5% during the 3rd quarter. UMB Bank n.a. now owns 329 shares of the company’s stock worth $145,000 after buying an additional 73 shares in the last quarter. Finally, Czech National Bank raised its position in shares of Charter Communications by 44.6% during the 3rd quarter. Czech National Bank now owns 17,788 shares of the company’s stock worth $7,824,000 after buying an additional 5,488 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Down 1.7 %

Shares of NASDAQ:CHTR traded down $4.49 during mid-day trading on Friday, hitting $254.61. The stock had a trading volume of 2,599,669 shares, compared to its average volume of 1,598,177. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $458.30. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market cap of $36.98 billion, a PE ratio of 8.48, a P/E/G ratio of 0.46 and a beta of 0.96. The company’s 50 day moving average is $281.16 and its 200-day moving average is $348.14.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, April 26th. The company reported $7.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The business had revenue of $13.68 billion during the quarter, compared to analysts’ expectations of $13.75 billion. During the same quarter in the previous year, the company earned $6.65 EPS. Charter Communications’s revenue for the quarter was up .2% on a year-over-year basis. On average, sell-side analysts predict that Charter Communications, Inc. will post 32.8 EPS for the current year.

Wall Street Analyst Weigh In

CHTR has been the topic of a number of research analyst reports. Benchmark lowered their price objective on shares of Charter Communications from $490.00 to $440.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. Rosenblatt Securities dropped their price objective on Charter Communications from $334.00 to $297.00 and set a “neutral” rating on the stock in a research note on Monday, April 15th. Bank of America decreased their target price on Charter Communications from $350.00 to $315.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. Pivotal Research dropped their price target on shares of Charter Communications from $500.00 to $450.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. Finally, UBS Group cut their price target on shares of Charter Communications from $360.00 to $325.00 and set a “neutral” rating for the company in a report on Thursday, March 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.