Douglas Lane & Associates LLC Buys 3,236 Shares of Charter Communications, Inc. $CHTR

Douglas Lane & Associates LLC boosted its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 127,219 shares of the company’s stock after purchasing an additional 3,236 shares during the period. Douglas Lane & Associates LLC owned approximately 0.10% of Charter Communications worth $26,557,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. grew its position in Charter Communications by 141.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock worth $35,000 after purchasing an additional 55 shares during the period. Webster Bank N. A. bought a new stake in Charter Communications in the 3rd quarter worth approximately $28,000. Steigerwald Gordon & Koch Inc. bought a new stake in Charter Communications in the 3rd quarter worth approximately $30,000. Rakuten Securities Inc. grew its position in Charter Communications by 535.0% in the 2nd quarter. Rakuten Securities Inc. now owns 127 shares of the company’s stock worth $52,000 after purchasing an additional 107 shares during the period. Finally, Mather Group LLC. bought a new stake in Charter Communications in the 3rd quarter worth approximately $38,000. Institutional investors own 81.76% of the company’s stock.

Analyst Ratings Changes

CHTR has been the subject of a number of research analyst reports. The Goldman Sachs Group cut their target price on shares of Charter Communications from $210.00 to $185.00 and set a “sell” rating for the company in a research report on Monday, February 2nd. BNP Paribas Exane cut their target price on shares of Charter Communications from $160.00 to $150.00 and set an “underperform” rating for the company in a research report on Tuesday, February 24th. Benchmark lifted their target price on shares of Charter Communications from $425.00 to $455.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Williams Trading set a $437.00 price objective on shares of Charter Communications in a research report on Monday, February 2nd. Finally, Royal Bank Of Canada cut their price objective on shares of Charter Communications from $265.00 to $240.00 and set a “sector perform” rating for the company in a research report on Friday, January 16th. Six equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $335.11.

Charter Communications Trading Up 0.7%

Shares of CHTR stock opened at $223.23 on Friday. Charter Communications, Inc. has a 1 year low of $180.38 and a 1 year high of $437.06. The firm has a fifty day moving average price of $224.86 and a 200-day moving average price of $222.86. 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 company has a market cap of $28.27 billion, a price-to-earnings ratio of 6.15, a PEG ratio of 0.37 and a beta of 1.03.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data 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). Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. The business had revenue of $13.60 billion for the quarter, compared to the consensus estimate of $13.73 billion. During the same period in the previous year, the firm earned $10.10 EPS. The company’s revenue was down 2.3% on a year-over-year basis. As a group, equities analysts predict that Charter Communications, Inc. will post 38.16 earnings per share 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.