Mather Group LLC. Acquires 8,167 Shares of Charter Communications, Inc. $CHTR

Mather Group LLC. boosted its holdings in Charter Communications, Inc. (NASDAQ:CHTR – Free Report) by 307.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 10,820 shares of the company’s stock after buying an additional 8,167 shares during the period. Mather Group LLC.’s holdings in Charter Communications were worth $1,200,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pure Financial Advisors LLC increased its position in shares of Charter Communications by 4.1% in the fourth quarter. Pure Financial Advisors LLC now owns 1,116 shares of the company’s stock worth $233,000 after acquiring an additional 44 shares in the last quarter. Gabelli Funds LLC raised its stake in shares of Charter Communications by 0.3% in the 1st quarter. Gabelli Funds LLC now owns 30,000 shares of the company’s stock valued at $6,476,000 after acquiring an additional 100 shares during the period. V Square Quantitative Management LLC lifted its holdings in shares of Charter Communications by 3.9% during the 1st quarter. V Square Quantitative Management LLC now owns 2,768 shares of the company’s stock valued at $598,000 after acquiring an additional 104 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Charter Communications by 6.3% during the 1st quarter. NewEdge Advisors LLC now owns 1,762 shares of the company’s stock valued at $380,000 after acquiring an additional 104 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Charter Communications by 11.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,063 shares of the company’s stock valued at $229,000 after acquiring an additional 112 shares in the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Stock Up 0.1%

Shares of NASDAQ:CHTR traded up $0.12 during trading on Friday, hitting $110.11. The company’s stock had a trading volume of 3,162,791 shares, compared to its average volume of 3,328,023. The company has a market capitalization of $13.13 billion, a PE ratio of 2.86, a PEG ratio of 0.23 and a beta of 0.70. Charter Communications, Inc. has a fifty-two week low of $101.63 and a fifty-two week high of $256.60. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.36 and a current ratio of 0.36. The stock’s 50-day moving average price is $132.97 and its two-hundred day moving average price is $149.85.

Charter Communications (NASDAQ:CHTR – Get Free Report) last issued its quarterly earnings data on Friday, July 24th. The company reported $10.66 earnings per share for the quarter, beating analysts’ consensus estimates of $9.98 by $0.68. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%. The firm had revenue of $13.53 billion during the quarter, compared to analyst estimates of $13.51 billion. During the same quarter last year, the firm earned $9.18 EPS. Charter Communications’s quarterly revenue was down 1.7% on a year-over-year basis. As a group, sell-side analysts expect that Charter Communications, Inc. will post 42.92 EPS for the current year.

Analysts Set New Price Targets

CHTR has been the subject of several recent research reports. TD Cowen lowered their price target on Charter Communications from $413.00 to $380.00 and set a “buy” rating for the company in a report on Monday, July 27th. Arete Research raised Charter Communications to a “strong sell” rating in a research report on Thursday, October 1st. Barclays reduced their price objective on Charter Communications from $130.00 to $115.00 and set an “underweight” rating on the stock in a research note on Monday, July 27th. Benchmark restated a “buy” rating on shares of Charter Communications in a research note on Wednesday, July 22nd. Finally, Wells Fargo & Company decreased their target price on Charter Communications from $160.00 to $101.00 and set an “underweight” rating for the company in a research report on Monday, July 27th. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and seven have issued a Sell rating to the company. Based on data from MarketBeat.com, Charter Communications presently has a consensus rating of “Reduce” and a consensus target price of $202.53.

Get Our Latest Stock Report on CHTR

About Charter Communications

(Free Report)

Charter Communications, Inc is a telecommunications and media company that provides broadband connectivity and related communications services in the United States. Its consumer-facing operations are marketed primarily under the Spectrum brand and include high-speed internet, video entertainment, mobile wireless service and voice communications.

Charter also serves businesses and public-sector organizations with internet access, data networking, telephone, video and managed communications solutions.

Further Reading

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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