Cwm LLC Grows Position in Charter Communications, Inc. (NASDAQ:CHTR)

Cwm LLC raised its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,429 shares of the company’s stock after buying an additional 126 shares during the quarter. Cwm LLC’s holdings in Charter Communications were worth $944,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. AQR Capital Management LLC lifted its stake 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 purchasing an additional 1,311 shares during the last quarter. River Road Asset Management LLC bought a new stake in shares of Charter Communications in the 3rd quarter valued at approximately $29,948,000. Graham Capital Management L.P. lifted its stake in shares of Charter Communications by 354.7% in the 3rd quarter. Graham Capital Management L.P. now owns 15,133 shares of the company’s stock valued at $6,656,000 after purchasing an additional 11,805 shares during the last quarter. DigitalBridge Group Inc. bought a new stake in shares of Charter Communications during the 3rd quarter worth approximately $16,411,000. Finally, Kinetic Partners Management LP lifted its stake in shares of Charter Communications by 51.3% during the 3rd quarter. Kinetic Partners Management LP now owns 177,801 shares of the company’s stock worth $78,200,000 after acquiring an additional 60,300 shares during the last quarter. 81.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Benchmark decreased their price target on Charter Communications from $490.00 to $440.00 and set a “buy” rating for the company in a research note on Monday, February 5th. Wells Fargo & Company decreased their price target on Charter Communications from $340.00 to $290.00 and set an “equal weight” rating for the company in a research note on Friday, April 5th. Sanford C. Bernstein raised Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price target for the company in a research note on Monday, March 18th. Bank of America decreased their price target on Charter Communications from $350.00 to $315.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. Finally, UBS Group decreased their price target on Charter Communications from $360.00 to $325.00 and set a “neutral” rating for the company in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $380.80.

Charter Communications Trading Down 1.7 %

Shares of NASDAQ:CHTR opened at $254.61 on Monday. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $458.30. The business’s fifty day simple moving average is $281.16 and its 200-day simple moving average is $346.74. The company has a market capitalization of $36.98 billion, a PE ratio of 8.23, a P/E/G ratio of 0.44 and a beta of 0.96. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 6.51.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, April 26th. The company reported $7.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The company 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 business posted $6.65 earnings per share. The company’s revenue was up .2% compared to the same quarter last year. As a group, equities research analysts predict that Charter Communications, Inc. will post 31.89 earnings per share for the current fiscal year.

About Charter Communications

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.