Clarius Group LLC Makes New $274,000 Investment in Charter Communications, Inc. (NASDAQ:CHTR)

Clarius Group LLC purchased a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the first quarter, HoldingsChannel reports. The institutional investor purchased 743 shares of the company’s stock, valued at approximately $274,000.

Other hedge funds also recently modified their holdings of the company. Makaira Partners LLC raised its stake in Charter Communications by 4.0% during the 4th quarter. Makaira Partners LLC now owns 373,191 shares of the company’s stock valued at $127,919,000 after purchasing an additional 14,510 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of Charter Communications by 213.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 26,344 shares of the company’s stock worth $9,030,000 after purchasing an additional 17,952 shares during the period. NBC Securities Inc. acquired a new position in shares of Charter Communications during the first quarter valued at about $47,000. Allspring Global Investments Holdings LLC increased its stake in Charter Communications by 3.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,855 shares of the company’s stock valued at $1,696,000 after acquiring an additional 161 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in shares of Charter Communications during the fourth quarter valued at approximately $33,485,000. 81.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. UBS Group increased their price objective on shares of Charter Communications from $400.00 to $425.00 and gave the company a “neutral” rating in a research note on Wednesday. Royal Bank Of Canada lifted their price objective on Charter Communications from $385.00 to $395.00 and gave the company a “sector perform” rating in a report on Monday, April 28th. BNP Paribas reaffirmed an “underperform” rating and set a $290.00 price objective on shares of Charter Communications in a research note on Thursday, April 10th. Wells Fargo & Company raised their price target on Charter Communications from $380.00 to $400.00 and gave the company an “equal weight” rating in a report on Monday, April 28th. Finally, Loop Capital upgraded shares of Charter Communications from a “hold” rating to a “buy” rating and upped their price target for the stock from $430.00 to $510.00 in a research report on Monday, May 19th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $410.20.

Charter Communications Trading Up 1.0%

Shares of NASDAQ CHTR opened at $377.43 on Friday. The company’s fifty day moving average is $385.45 and its 200-day moving average is $367.94. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 4.54. The stock has a market cap of $52.98 billion, a price-to-earnings ratio of 10.53, a P/E/G ratio of 0.41 and a beta of 1.07. Charter Communications, Inc. has a twelve month low of $277.10 and a twelve month high of $437.06.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, April 25th. The company reported $8.42 EPS for the quarter, missing the consensus estimate of $8.70 by ($0.28). Charter Communications had a return on equity of 27.70% and a net margin of 9.42%. The company had revenue of $13.74 billion for the quarter, compared to analyst estimates of $13.67 billion. During the same quarter last year, the business posted $7.55 earnings per share. The business’s quarterly revenue was up .4% on a year-over-year basis. Equities research analysts predict that Charter Communications, Inc. will post 38.16 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.