PFG Investments LLC Invests $548,000 in Charter Communications, Inc. (NASDAQ:CHTR)

PFG Investments LLC purchased a new stake in Charter Communications, Inc. (NASDAQ:CHTR) during the first quarter, according to its most recent filing with the SEC. The fund purchased 1,887 shares of the company’s stock, valued at approximately $548,000.

Several other hedge funds have also bought and sold shares of the stock. Wetzel Investment Advisors Inc. bought a new stake in shares of Charter Communications in the fourth quarter worth about $25,000. Riverview Trust Co bought a new stake in Charter Communications in the 1st quarter worth approximately $40,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Charter Communications during the 4th quarter worth approximately $44,000. Cullen Frost Bankers Inc. raised its holdings in shares of Charter Communications by 769.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 113 shares of the company’s stock worth $44,000 after acquiring an additional 100 shares in the last quarter. Finally, Catalyst Capital Advisors LLC boosted its position in shares of Charter Communications by 32.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company’s stock valued at $49,000 after acquiring an additional 27 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CHTR. Sanford C. Bernstein upgraded Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price target for the company in a research report on Monday, March 18th. JPMorgan Chase & Co. reduced their target price on Charter Communications from $370.00 to $335.00 and set a “neutral” rating on the stock in a research note on Monday, April 1st. UBS Group lowered their target price on shares of Charter Communications from $360.00 to $325.00 and set a “neutral” rating for the company in a research note on Thursday, March 28th. Benchmark reduced their price target 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. Finally, Wells Fargo & Company decreased their price objective on shares of Charter Communications from $290.00 to $260.00 and set an “equal weight” rating for the company in a report on Monday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Charter Communications has a consensus rating of “Hold” and an average target price of $356.47.

Charter Communications Stock Up 2.0 %

CHTR stock traded up $5.15 during trading on Monday, hitting $259.76. 1,206,732 shares of the company’s stock traded hands, compared to its average volume of 1,593,409. The firm has a market capitalization of $37.72 billion, a P/E ratio of 8.40, a PEG ratio of 0.45 and a beta of 0.96. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $458.30. The company has a quick ratio of 0.31, a current ratio of 0.40 and a debt-to-equity ratio of 6.28. The business has a fifty day simple moving average of $280.49 and a two-hundred day simple moving average of $345.42.

Charter Communications (NASDAQ:CHTR) last announced its quarterly 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). The company had revenue of $13.68 billion during the quarter, compared to analysts’ expectations of $13.75 billion. Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.65 earnings per share. Sell-side analysts anticipate that Charter Communications, Inc. will post 31.89 EPS for the current year.

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.