Caprock Group LLC Buys New Position in Charter Communications, Inc. $CHTR

Caprock Group LLC purchased a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,967 shares of the company’s stock, valued at approximately $788,000.

Several other institutional investors and hedge funds have also made changes to their positions in CHTR. ING Groep NV bought a new position in Charter Communications during the 3rd quarter valued at $5,798,000. Krilogy Financial LLC acquired a new stake in shares of Charter Communications in the third quarter valued at $771,000. S&CO Inc. boosted its stake in Charter Communications by 2.2% during the third quarter. S&CO Inc. now owns 14,163 shares of the company’s stock valued at $3,896,000 after buying an additional 300 shares in the last quarter. Profund Advisors LLC boosted its stake in Charter Communications by 17.8% during the third quarter. Profund Advisors LLC now owns 16,335 shares of the company’s stock valued at $4,494,000 after buying an additional 2,470 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its holdings in Charter Communications by 69.3% during the third quarter. Oppenheimer & Co. Inc. now owns 4,839 shares of the company’s stock worth $1,331,000 after acquiring an additional 1,980 shares during the period. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Trading Up 0.4%

Shares of CHTR stock opened at $239.09 on Tuesday. The business’s 50 day moving average is $208.98 and its two-hundred day moving average is $233.27. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 4.65. Charter Communications, Inc. has a 12 month low of $180.38 and a 12 month high of $437.06. The company has a market cap of $30.28 billion, a PE ratio of 6.59, a price-to-earnings-growth ratio of 0.38 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, January 30th. The company reported $10.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.40 by ($0.06). The firm had revenue of $13.60 billion for the quarter, compared to the consensus estimate of $13.73 billion. Charter Communications had a return on equity of 24.63% and a net margin of 9.10%.Charter Communications’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $10.10 earnings per share. Equities analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current year.

Wall Street Analysts Forecast Growth

CHTR has been the subject of several research reports. Citigroup reduced their price objective on shares of Charter Communications from $325.00 to $310.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. The Goldman Sachs Group reduced their target price on shares of Charter Communications from $210.00 to $185.00 and set a “sell” rating for the company in a report on Monday, February 2nd. KeyCorp reissued a “sector weight” rating on shares of Charter Communications in a research note on Monday, January 26th. TD Cowen lifted their target price on Charter Communications from $428.00 to $437.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Charter Communications in a report on Monday, December 29th. Six investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and seven have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $335.67.

Charter Communications Company 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.