D.A. Davidson & CO. Acquires 428 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

D.A. Davidson & CO. lifted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 7.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,962 shares of the company’s stock after acquiring an additional 428 shares during the quarter. D.A. Davidson & CO.’s holdings in Charter Communications were worth $2,317,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CHTR. AQR Capital Management LLC grew its holdings in shares of Charter Communications by 9.7% in the 3rd quarter. AQR Capital Management LLC now owns 14,782 shares of the company’s stock valued at $6,501,000 after acquiring an additional 1,311 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Charter Communications by 2.9% during the fourth quarter. Victory Capital Management Inc. now owns 102,802 shares of the company’s stock worth $39,957,000 after purchasing an additional 2,940 shares during the period. River Road Asset Management LLC bought a new position in shares of Charter Communications during the third quarter worth approximately $29,948,000. Graham Capital Management L.P. increased its stake in Charter Communications by 354.7% in the third quarter. Graham Capital Management L.P. now owns 15,133 shares of the company’s stock valued at $6,656,000 after acquiring an additional 11,805 shares during the last quarter. Finally, DigitalBridge Group Inc. bought a new position in Charter Communications in the third quarter valued at approximately $16,411,000. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Price Performance

Charter Communications stock traded up $3.05 during mid-day trading on Friday, reaching $271.46. 670,004 shares of the company’s stock traded hands, compared to its average volume of 1,309,723. The company has a market cap of $39.10 billion, a price-to-earnings ratio of 8.78, a PEG ratio of 1.08 and a beta of 0.97. The stock has a 50 day moving average of $272.76 and a two-hundred day moving average of $326.34. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 6.28. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $458.30.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, April 26th. The company reported $7.55 earnings per share for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The firm had revenue of $13.68 billion for the quarter, compared to the consensus estimate of $13.75 billion. During the same quarter last year, the firm earned $6.65 EPS. The company’s revenue was up .2% on a year-over-year basis. Equities analysts forecast that Charter Communications, Inc. will post 32.02 earnings per share for the current year.

Analysts Set New Price Targets

CHTR has been the topic of a number of research reports. Bank of America decreased their target price on shares of Charter Communications from $315.00 to $300.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. Loop Capital dropped their price objective on shares of Charter Communications from $335.00 to $285.00 and set a “hold” rating on the stock in a report on Monday, April 29th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Charter Communications from $375.00 to $320.00 and set a “hold” rating for the company in a research report on Tuesday, April 16th. Benchmark reduced their price objective on shares of Charter Communications from $490.00 to $440.00 and set a “buy” rating for the company in a research report on Monday, February 5th. Finally, Wells Fargo & Company dropped their target price on shares of Charter Communications from $290.00 to $260.00 and set an “equal weight” rating on the stock in a research note on Monday, April 29th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $356.47.

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.