Mackenzie Financial Corp Acquires 855 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Mackenzie Financial Corp raised its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 2.0% in the first quarter, HoldingsChannel.com reports. The firm owned 43,558 shares of the company’s stock after buying an additional 855 shares during the period. Mackenzie Financial Corp’s holdings in Charter Communications were worth $16,052,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ST Germain D J Co. Inc. grew its stake in shares of Charter Communications by 1,283.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company’s stock worth $31,000 after acquiring an additional 77 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in shares of Charter Communications by 93.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 85 shares of the company’s stock worth $31,000 after acquiring an additional 41 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of Charter Communications by 37.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock worth $36,000 after acquiring an additional 29 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Charter Communications by 70.2% in the 1st quarter. Larson Financial Group LLC now owns 97 shares of the company’s stock worth $36,000 after acquiring an additional 40 shares in the last quarter. Finally, NBC Securities Inc. bought a new stake in shares of Charter Communications in the 1st quarter worth $47,000. Institutional investors own 81.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on CHTR shares. Raymond James Financial upgraded shares of Charter Communications from an “underperform” rating to a “market perform” rating in a research note on Monday, May 19th. Arete Research upgraded shares of Charter Communications to a “strong sell” rating in a research report on Tuesday, July 8th. BNP Paribas restated an “underperform” rating and set a $290.00 price target on shares of Charter Communications in a research report on Thursday, April 10th. Oppenheimer upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $500.00 price target for the company in a research report on Friday, May 16th. Finally, Royal Bank Of Canada reduced their price target on shares of Charter Communications from $430.00 to $370.00 and set a “sector perform” rating for the company in a research report on Monday. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $410.59.

Charter Communications Price Performance

NASDAQ CHTR opened at $279.89 on Thursday. Charter Communications, Inc. has a 52 week low of $274.00 and a 52 week high of $437.06. The company has a market cap of $39.29 billion, a PE ratio of 7.66, a price-to-earnings-growth ratio of 0.63 and a beta of 1.08. The company has a quick ratio of 0.36, a current ratio of 0.33 and a debt-to-equity ratio of 4.57. The firm’s 50-day simple moving average is $388.14 and its two-hundred day simple moving average is $372.03.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, July 25th. The company reported $9.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.06 by ($0.88). Charter Communications had a return on equity of 26.77% and a net margin of 9.53%. The firm had revenue of $13.77 billion during the quarter, compared to analysts’ expectations of $13.76 billion. During the same period in the previous year, the company posted $8.49 earnings per share. The company’s quarterly revenue was up .6% compared to the same quarter last year. Research analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

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.