Gallacher Capital Management LLC Takes $223,000 Position in Charter Communications, Inc. (NASDAQ:CHTR)

Gallacher Capital Management LLC purchased a new stake in Charter Communications, Inc. (NASDAQ:CHTR) during the first quarter, Holdings Channel.com reports. The firm purchased 767 shares of the company’s stock, valued at approximately $223,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Capital International Investors grew its stake in Charter Communications by 6.6% during the 4th quarter. Capital International Investors now owns 6,873,200 shares of the company’s stock worth $2,671,608,000 after buying an additional 427,922 shares during the last quarter. Pzena Investment Management LLC grew its stake in Charter Communications by 96.5% during the 1st quarter. Pzena Investment Management LLC now owns 2,848,459 shares of the company’s stock worth $827,848,000 after buying an additional 1,399,034 shares during the last quarter. Parnassus Investments LLC grew its stake in Charter Communications by 40.1% during the 4th quarter. Parnassus Investments LLC now owns 1,620,542 shares of the company’s stock worth $629,872,000 after buying an additional 463,968 shares during the last quarter. Putnam Investments LLC grew its stake in Charter Communications by 24.5% during the 4th quarter. Putnam Investments LLC now owns 1,233,243 shares of the company’s stock worth $479,337,000 after buying an additional 242,448 shares during the last quarter. Finally, Norges Bank purchased a new position in Charter Communications during the 4th quarter worth $310,727,000. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Stock Performance

Shares of CHTR stock traded up $4.53 on Friday, hitting $308.67. The company had a trading volume of 331,321 shares, compared to its average volume of 1,431,586. The firm has a market cap of $44.46 billion, a P/E ratio of 9.84, a price-to-earnings-growth ratio of 1.27 and a beta of 1.04. The company has a 50-day moving average price of $281.48 and a 200-day moving average price of $300.83. 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 twelve month low of $236.08 and a twelve month high of $458.30.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, April 26th. The company reported $7.55 earnings per share for the quarter, missing the consensus estimate of $7.78 by ($0.23). Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The business had revenue of $13.68 billion during the quarter, compared to analysts’ expectations of $13.75 billion. During the same quarter in the prior year, the firm earned $6.65 EPS. Charter Communications’s revenue for the quarter was up .2% on a year-over-year basis. As a group, equities research analysts predict that Charter Communications, Inc. will post 32.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on CHTR. Wells Fargo & Company dropped their target price on 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. Rosenblatt Securities lowered their price target on Charter Communications from $297.00 to $292.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. Citigroup cut Charter Communications from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $280.00 to $255.00 in a research report on Wednesday, July 3rd. JPMorgan Chase & Co. lowered their price target on Charter Communications from $370.00 to $335.00 and set a “neutral” rating for the company in a research report on Monday, April 1st. Finally, UBS Group lowered their price target on Charter Communications from $360.00 to $325.00 and set a “neutral” rating for the company in a research report on Thursday, March 28th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $341.47.

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.