Davis Rea LTD. Has $7.78 Million Holdings in Charter Communications, Inc. $CHTR

Davis Rea LTD. increased its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 8.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,289 shares of the company’s stock after purchasing an additional 2,801 shares during the period. Charter Communications makes up 1.9% of Davis Rea LTD.’s holdings, making the stock its 16th largest position. Davis Rea LTD.’s holdings in Charter Communications were worth $7,784,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CHTR. State Street Corp boosted its stake in Charter Communications by 22.7% in the 3rd quarter. State Street Corp now owns 7,961,695 shares of the company’s stock worth $2,190,302,000 after purchasing an additional 1,475,383 shares during the period. Capital Research Global Investors acquired a new position in Charter Communications in the 3rd quarter worth $327,179,000. Vanguard Group Inc. boosted its stake in Charter Communications by 13.7% in the 3rd quarter. Vanguard Group Inc. now owns 9,362,352 shares of the company’s stock worth $2,575,630,000 after purchasing an additional 1,130,648 shares during the period. AQR Capital Management LLC boosted its stake in Charter Communications by 826.1% in the 3rd quarter. AQR Capital Management LLC now owns 1,244,034 shares of the company’s stock worth $342,240,000 after purchasing an additional 1,109,703 shares during the period. Finally, Dodge & Cox boosted its stake in Charter Communications by 6.1% in the 3rd quarter. Dodge & Cox now owns 11,807,549 shares of the company’s stock worth $3,248,316,000 after purchasing an additional 681,063 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CHTR has been the subject of a number of research analyst reports. Royal Bank Of Canada reduced their target price on shares of Charter Communications from $265.00 to $240.00 and set a “sector perform” rating for the company in a research note on Friday, January 16th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Charter Communications from $275.00 to $235.00 and set a “hold” rating for the company in a research note on Tuesday, February 3rd. Wells Fargo & Company upped their target price on shares of Charter Communications from $180.00 to $200.00 and gave the stock an “underweight” rating in a research note on Monday, February 2nd. Benchmark decreased their price objective on Charter Communications from $455.00 to $435.00 and set a “buy” rating for the company in a report on Thursday. Finally, Sanford C. Bernstein set a $220.00 price objective on Charter Communications in a report on Wednesday, January 28th. Six research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have given a Sell rating to the stock. According to MarketBeat, Charter Communications has a consensus rating of “Hold” and a consensus price target of $334.00.

Charter Communications Price Performance

Shares of NASDAQ CHTR opened at $241.78 on Friday. The stock has a market capitalization of $30.62 billion, a price-to-earnings ratio of 6.66, a PEG ratio of 0.40 and a beta of 1.03. The business has a 50-day moving average of $225.82 and a 200-day moving average of $220.14. The company has a debt-to-equity ratio of 4.65, a current ratio of 0.39 and a quick ratio of 0.39. Charter Communications, Inc. has a fifty-two week low of $180.38 and a fifty-two week high of $437.06.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, January 30th. The company reported $10.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.40 by ($0.06). Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. The firm had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.73 billion. During the same quarter last year, the business posted $10.10 earnings per share. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. As a group, sell-side analysts predict that Charter Communications, Inc. will post 43.56 earnings per share for the current fiscal year.

Charter Communications Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.