Daytona Street Capital LLC Purchases Shares of 3,068 Charter Communications, Inc. $CHTR

Daytona Street Capital LLC purchased a new stake in Charter Communications, Inc. (NASDAQ:CHTR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,068 shares of the company’s stock, valued at approximately $640,000.

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

Analyst Ratings Changes

A number of analysts have weighed in on CHTR shares. Sanford C. Bernstein set a $220.00 target price on shares of Charter Communications in a research report on Wednesday, January 28th. Zacks Research upgraded shares of Charter Communications from a “strong sell” rating to a “hold” rating in a research report on Monday, February 16th. New Street Research cut their target price on shares of Charter Communications from $479.00 to $328.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. 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 on the stock in a research report on Friday, January 16th. Finally, UBS Group set a $425.00 target price on shares of Charter Communications in a research report on Thursday, January 29th. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $335.11.

Charter Communications Price Performance

CHTR stock opened at $219.98 on Tuesday. The company has a fifty day moving average price of $222.63 and a 200-day moving average price of $223.14. The company has a market capitalization of $27.86 billion, a P/E ratio of 6.06, a PEG ratio of 0.36 and a beta of 1.03. Charter Communications, Inc. has a 52-week low of $180.38 and a 52-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 released its quarterly earnings results 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 business had revenue of $13.60 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business posted $10.10 EPS. As a group, equities analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current year.

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.