Pallas Capital Advisors LLC Purchases Shares of 4,614 Charter Communications, Inc. $CHTR

Pallas Capital Advisors LLC acquired a new position in Charter Communications, Inc. (NASDAQ:CHTR) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,614 shares of the company’s stock, valued at approximately $1,269,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Advisory Services Network LLC increased its holdings in Charter Communications by 3.8% in the 2nd quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock worth $420,000 after buying an additional 38 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Charter Communications by 20.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 227 shares of the company’s stock valued at $93,000 after acquiring an additional 39 shares during the last quarter. Occudo Quantitative Strategies LP increased its stake in shares of Charter Communications by 1.4% in the second quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company’s stock worth $1,255,000 after acquiring an additional 41 shares during the period. Orion Porfolio Solutions LLC increased its stake in shares of Charter Communications by 1.7% in the second quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock worth $988,000 after acquiring an additional 41 shares during the period. Finally, Brookstone Capital Management raised its holdings in shares of Charter Communications by 6.5% during the second quarter. Brookstone Capital Management now owns 686 shares of the company’s stock worth $280,000 after purchasing an additional 42 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Trading Down 0.9%

Shares of CHTR stock opened at $237.01 on Wednesday. Charter Communications, Inc. has a 1-year low of $180.38 and a 1-year high of $437.06. The company has a market cap of $30.01 billion, a price-to-earnings ratio of 6.53, a PEG ratio of 0.38 and a beta of 1.05. The company has a debt-to-equity ratio of 4.65, a current ratio of 0.39 and a quick ratio of 0.39. The stock has a 50 day simple moving average of $209.62 and a 200-day simple moving average of $233.07.

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on CHTR shares. BNP Paribas Exane set a $160.00 price target on Charter Communications in a research report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft lowered their target price on Charter Communications from $275.00 to $235.00 and set a “hold” rating on the stock in a research note on Tuesday, February 3rd. Barclays reduced their price target on Charter Communications from $275.00 to $200.00 and set an “underweight” rating for the company in a research report on Monday, November 3rd. Zacks Research lowered Charter Communications from a “hold” rating to a “strong sell” rating in a research report on Friday, January 16th. Finally, The Goldman Sachs Group dropped their price objective on shares of Charter Communications from $210.00 to $185.00 and set a “sell” rating on the stock in a research note on Monday, February 2nd. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and seven have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $335.67.

About Charter Communications

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.