Charter Communications, Inc. (NASDAQ:CHTR) Shares Bought by Brown Advisory Inc.

Brown Advisory Inc. grew its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,704 shares of the company’s stock after purchasing an additional 29 shares during the quarter. Brown Advisory Inc.’s holdings in Charter Communications were worth $997,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of CHTR. Makaira Partners LLC raised its stake in Charter Communications by 4.0% during the fourth quarter. Makaira Partners LLC now owns 373,191 shares of the company’s stock valued at $127,919,000 after buying an additional 14,510 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in Charter Communications by 213.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 26,344 shares of the company’s stock valued at $9,030,000 after buying an additional 17,952 shares in the last quarter. Private Trust Co. NA raised its stake in Charter Communications by 69.5% during the first quarter. Private Trust Co. NA now owns 161 shares of the company’s stock valued at $59,000 after buying an additional 66 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Charter Communications by 21.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,893 shares of the company’s stock valued at $1,435,000 after buying an additional 676 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its stake in Charter Communications by 25.2% during the first quarter. Vontobel Holding Ltd. now owns 1,649 shares of the company’s stock valued at $608,000 after buying an additional 332 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Performance

Shares of NASDAQ CHTR opened at $392.20 on Monday. The stock has a fifty day moving average price of $401.73 and a two-hundred day moving average price of $371.33. 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 firm has a market cap of $55.05 billion, a P/E ratio of 10.95, a PEG ratio of 0.43 and a beta of 1.08. Charter Communications, Inc. has a 1 year low of $304.76 and a 1 year high of $437.06.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.70 by ($0.28). The firm had revenue of $13.74 billion for 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 business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the business posted $7.55 earnings per share. Research analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on CHTR. Wells Fargo & Company upped their price objective on Charter Communications from $380.00 to $400.00 and gave the company an “equal weight” rating in a research note on Monday, April 28th. Citigroup upped their price objective on Charter Communications from $425.00 to $445.00 and gave the company a “buy” rating in a research note on Monday, April 28th. Morgan Stanley increased their price target on Charter Communications from $385.00 to $415.00 and gave the stock an “equal weight” rating in a research report on Monday, April 28th. Arete Research upgraded Charter Communications to a “strong sell” rating in a research report on Tuesday, July 8th. Finally, Bank of America increased their price target on Charter Communications from $450.00 to $500.00 and gave the stock a “buy” rating in a research report on Tuesday, July 1st. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Charter Communications has an average rating of “Hold” and an average target price of $421.26.

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.