Savant Capital LLC Increases Stock Holdings in Charter Communications, Inc. $CHTR

Savant Capital LLC lifted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 661.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,086 shares of the company’s stock after buying an additional 13,104 shares during the quarter. Savant Capital LLC’s holdings in Charter Communications were worth $4,150,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. AQR Capital Management LLC grew its holdings in shares of Charter Communications by 129.1% during the first quarter. AQR Capital Management LLC now owns 11,875 shares of the company’s stock worth $4,356,000 after purchasing an additional 6,691 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in Charter Communications by 16.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 913 shares of the company’s stock worth $336,000 after buying an additional 128 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Charter Communications by 48.1% in the first quarter. Jones Financial Companies Lllp now owns 1,339 shares of the company’s stock valued at $493,000 after buying an additional 435 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Charter Communications by 141.0% in the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after acquiring an additional 55 shares during the period. Finally, Acadian Asset Management LLC grew its position in shares of Charter Communications by 451.1% during the first quarter. Acadian Asset Management LLC now owns 733 shares of the company’s stock worth $270,000 after acquiring an additional 600 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CHTR. UBS Group set a $425.00 price target on shares of Charter Communications in a research note on Thursday, January 29th. BNP Paribas Exane set a $160.00 target price on shares of Charter Communications in a research note on Tuesday, January 27th. Royal Bank Of Canada dropped their price target on Charter Communications from $265.00 to $240.00 and set a “sector perform” rating on the stock in a research report on Friday, January 16th. Citigroup decreased their price objective on Charter Communications from $325.00 to $310.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Finally, Wells Fargo & Company boosted their target price on Charter Communications from $180.00 to $200.00 and gave the company an “underweight” rating in a report on Monday, February 2nd. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and seven have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $335.67.

Charter Communications Stock Performance

NASDAQ CHTR opened at $231.14 on Friday. The stock has a market capitalization of $29.91 billion, a price-to-earnings ratio of 6.37, a PEG ratio of 0.35 and a beta of 1.05. The business’s 50 day moving average is $204.20 and its two-hundred day moving average is $238.14. Charter Communications, Inc. has a 12-month low of $180.38 and a 12-month high of $437.06. The company has a current ratio of 0.39, a quick ratio of 0.37 and a debt-to-equity ratio of 4.65.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, January 30th. The company reported $10.34 earnings per share for the quarter, missing analysts’ consensus estimates of $10.40 by ($0.06). The business had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.73 billion. Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $10.10 earnings per share. Research analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current year.

Charter Communications Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.