Cambridge Investment Research Advisors Inc. Trims Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Cambridge Investment Research Advisors Inc. lessened its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 6.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,669 shares of the company’s stock after selling 197 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Charter Communications were worth $984,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CHTR. ST Germain D J Co. Inc. grew its stake in Charter Communications by 1,283.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company’s stock worth $31,000 after acquiring an additional 77 shares in the last quarter. Generali Asset Management SPA SGR purchased a new stake in shares of Charter Communications in the fourth quarter valued at approximately $36,000. Brown Brothers Harriman & Co. boosted its holdings in shares of Charter Communications by 37.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock valued at $36,000 after purchasing an additional 29 shares during the period. NBC Securities Inc. purchased a new stake in shares of Charter Communications in the first quarter valued at approximately $47,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Charter Communications by 29.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the company’s stock valued at $97,000 after purchasing an additional 60 shares during the period. Institutional investors own 81.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CHTR. Bank of America boosted their price target on Charter Communications from $450.00 to $500.00 and gave the company a “buy” rating in a report on Tuesday, July 1st. Sanford C. Bernstein downgraded shares of Charter Communications from an “outperform” rating to a “market perform” rating and set a $410.00 target price on the stock. in a research report on Monday, June 2nd. Wells Fargo & Company raised their target price on shares of Charter Communications from $380.00 to $400.00 and gave the company an “equal weight” rating in a research report on Monday, April 28th. Oppenheimer raised shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $500.00 target price on the stock in a research report on Friday, May 16th. Finally, Raymond James Financial raised shares of Charter Communications from an “underperform” rating to a “market perform” rating in a research report on Monday, May 19th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $421.26.

Charter Communications Stock Up 1.0%

NASDAQ:CHTR opened at $416.25 on Friday. Charter Communications, Inc. has a fifty-two week low of $286.66 and a fifty-two week high of $437.06. The stock has a market capitalization of $58.43 billion, a P/E ratio of 11.62, a P/E/G ratio of 0.45 and a beta of 1.08. The company has a debt-to-equity ratio of 4.54, a quick ratio of 0.36 and a current ratio of 0.36. The company’s 50-day simple moving average is $399.84 and its 200-day simple moving average is $369.39.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, April 25th. The company reported $8.42 earnings per share for the quarter, missing analysts’ consensus estimates of $8.70 by ($0.28). The firm had revenue of $13.74 billion during the quarter, compared to the consensus estimate of $13.67 billion. Charter Communications had a net margin of 9.42% and a return on equity of 27.70%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the business posted $7.55 earnings per share. On average, equities analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share 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.