GAMMA Investing LLC Acquires 1,025 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

GAMMA Investing LLC lifted its position in Charter Communications, Inc. (NASDAQ:CHTR) by 359.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,310 shares of the company’s stock after purchasing an additional 1,025 shares during the quarter. GAMMA Investing LLC’s holdings in Charter Communications were worth $392,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Capital International Investors increased its holdings in shares of Charter Communications by 53.6% in the first quarter. Capital International Investors now owns 10,558,651 shares of the company’s stock worth $3,068,661,000 after purchasing an additional 3,685,451 shares during the last quarter. Pzena Investment Management LLC increased its holdings in shares of Charter Communications by 96.5% in the first quarter. Pzena Investment Management LLC now owns 2,848,459 shares of the company’s stock worth $827,848,000 after purchasing an additional 1,399,034 shares during the last quarter. Parnassus Investments LLC increased its holdings in shares of Charter Communications by 40.1% in the fourth quarter. Parnassus Investments LLC now owns 1,620,542 shares of the company’s stock worth $629,872,000 after purchasing an additional 463,968 shares during the last quarter. Putnam Investments LLC increased its holdings in shares of Charter Communications by 24.5% in the fourth quarter. Putnam Investments LLC now owns 1,233,243 shares of the company’s stock worth $479,337,000 after purchasing an additional 242,448 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Charter Communications in the fourth quarter worth about $310,727,000. 81.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wolfe Research cut Charter Communications from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 31st. Rosenblatt Securities boosted their price objective on Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Citigroup boosted their price objective on Charter Communications from $255.00 to $350.00 and gave the stock a “sell” rating in a research note on Wednesday, July 31st. Wells Fargo & Company boosted their price objective on Charter Communications from $260.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Charter Communications from $300.00 to $325.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Charter Communications presently has a consensus rating of “Hold” and a consensus price target of $360.93.

Charter Communications Trading Down 2.2 %

Shares of NASDAQ CHTR traded down $8.03 during trading hours on Monday, reaching $365.13. The stock had a trading volume of 893,959 shares, compared to its average volume of 1,469,788. The company has a current ratio of 0.39, a quick ratio of 0.40 and a debt-to-equity ratio of 5.84. The firm has a market cap of $52.12 billion, a price-to-earnings ratio of 12.07, a P/E/G ratio of 0.70 and a beta of 1.04. The business’s fifty day moving average price is $303.49 and its two-hundred day moving average price is $295.60. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $458.30.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, July 26th. The company reported $8.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.98 by $0.51. The firm had revenue of $13.69 billion during the quarter, compared to analyst estimates of $13.59 billion. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. Charter Communications’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $8.05 earnings per share. Analysts expect that Charter Communications, Inc. will post 32.52 EPS for the current fiscal 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.