Victory Capital Management Inc. Raises Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Victory Capital Management Inc. grew its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,802 shares of the company’s stock after acquiring an additional 2,940 shares during the period. Victory Capital Management Inc.’s holdings in Charter Communications were worth $39,957,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Wetzel Investment Advisors Inc. purchased a new stake in Charter Communications in the 4th quarter worth $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Charter Communications in the fourth quarter worth about $44,000. Catalyst Capital Advisors LLC boosted its stake in Charter Communications by 32.1% during the third quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company’s stock valued at $49,000 after buying an additional 27 shares during the last quarter. Bourgeon Capital Management LLC grew its holdings in Charter Communications by 219.5% during the 4th quarter. Bourgeon Capital Management LLC now owns 131 shares of the company’s stock valued at $51,000 after buying an additional 90 shares in the last quarter. Finally, NBC Securities Inc. bought a new stake in Charter Communications in the 3rd quarter worth approximately $56,000. Institutional investors own 81.76% of the company’s stock.

Charter Communications Price Performance

NASDAQ CHTR opened at $271.47 on Tuesday. The company has a market cap of $39.10 billion, a PE ratio of 8.78, a P/E/G ratio of 1.07 and a beta of 0.97. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $458.30. The company has a debt-to-equity ratio of 6.28, a quick ratio of 0.40 and a current ratio of 0.40. The firm’s 50 day moving average price is $277.36 and its 200-day moving average price is $338.90.

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CHTR shares. Bank of America cut their target price on shares of Charter Communications from $315.00 to $300.00 and set a “neutral” rating for the company in a report on Monday, April 29th. UBS Group decreased their target price on shares of Charter Communications from $360.00 to $325.00 and set a “neutral” rating on the stock in a research report on Thursday, March 28th. Citigroup dropped their price target on Charter Communications from $300.00 to $280.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. Loop Capital decreased their price objective on Charter Communications from $335.00 to $285.00 and set a “hold” rating on the stock in a research report on Monday, April 29th. Finally, Rosenblatt Securities lowered their price objective on Charter Communications from $297.00 to $292.00 and set a “neutral” rating for the company in a research note on Monday, April 29th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $356.47.

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.