Empirical Asset Management LLC Acquires New Shares in Charter Communications, Inc. (NASDAQ:CHTR)

Empirical Asset Management LLC acquired a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 62,251 shares of the company’s stock, valued at approximately $21,338,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. US Bancorp DE boosted its position in Charter Communications by 0.4% during the 3rd quarter. US Bancorp DE now owns 7,370 shares of the company’s stock worth $2,388,000 after acquiring an additional 31 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in shares of Charter Communications by 3.1% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company’s stock worth $314,000 after buying an additional 32 shares in the last quarter. Grove Bank & Trust raised its stake in shares of Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after buying an additional 34 shares in the last quarter. CVA Family Office LLC raised its stake in shares of Charter Communications by 31.3% in the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after buying an additional 35 shares in the last quarter. Finally, Capital Advisors Ltd. LLC raised its stake in shares of Charter Communications by 28.7% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock worth $51,000 after buying an additional 35 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Performance

CHTR opened at $346.68 on Friday. The company has a market cap of $49.30 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 0.48 and a beta of 1.10. The stock has a 50-day moving average of $372.10 and a 200-day moving average of $348.73. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, topping the consensus estimate of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The business had revenue of $13.80 billion during the quarter, compared to analysts’ expectations of $13.66 billion. During the same quarter in the previous year, the firm earned $8.25 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. As a group, equities research analysts forecast that Charter Communications, Inc. will post 34.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on CHTR shares. Wells Fargo & Company boosted their price objective on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Barclays boosted their price objective on Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a research note on Monday, November 4th. Morgan Stanley boosted their price objective on Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Bank of America raised Charter Communications from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $385.00 to $450.00 in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. boosted their target price on Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $383.89.

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.