14B Captial Management LP Grows Holdings in Charter Communications, Inc. $CHTR

14B Captial Management LP lifted its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 31.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 75,000 shares of the company’s stock after buying an additional 18,000 shares during the quarter. Charter Communications makes up about 12.1% of 14B Captial Management LP’s investment portfolio, making the stock its 4th largest position. 14B Captial Management LP owned about 0.06% of Charter Communications worth $20,633,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Heritage Wealth Advisors purchased a new stake in Charter Communications in the 2nd quarter worth $29,000. Geneos Wealth Management Inc. grew its position in shares of Charter Communications by 141.0% during the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after purchasing an additional 55 shares in the last quarter. Webster Bank N. A. bought a new stake in shares of Charter Communications in the third quarter worth about $28,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Charter Communications in the third quarter worth about $30,000. Finally, Rakuten Securities Inc. lifted its position in shares of Charter Communications by 535.0% in the second quarter. Rakuten Securities Inc. now owns 127 shares of the company’s stock worth $52,000 after buying an additional 107 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Stock Performance

NASDAQ:CHTR opened at $218.19 on Friday. The firm has a market capitalization of $27.63 billion, a PE ratio of 6.01, a PEG ratio of 0.34 and a beta of 1.02. The stock’s fifty day moving average is $216.65 and its 200 day moving average is $228.59. Charter Communications, Inc. has a fifty-two week low of $180.38 and a fifty-two week high of $437.06. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.39 and a current ratio of 0.39.

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

Analysts Set New Price Targets

CHTR has been the subject of several research analyst reports. Wells Fargo & Company raised their price target on Charter Communications from $180.00 to $200.00 and gave the company an “underweight” rating in a report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft decreased their price objective on Charter Communications from $275.00 to $235.00 and set a “hold” rating on the stock in a report on Tuesday, February 3rd. Royal Bank Of Canada cut their target price on shares of Charter Communications from $265.00 to $240.00 and set a “sector perform” rating for the company in a report on Friday, January 16th. Weiss Ratings restated a “sell (d+)” rating on shares of Charter Communications in a research report on Monday, December 29th. Finally, New Street Research decreased their price target on shares of Charter Communications from $479.00 to $328.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. Six research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $335.11.

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.