Charter Communications, Inc. (NASDAQ:CHTR) Stock Holdings Boosted by Quent Capital LLC

Quent Capital LLC raised its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 13.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 760 shares of the company’s stock after purchasing an additional 90 shares during the quarter. Quent Capital LLC’s holdings in Charter Communications were worth $227,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Beach Investment Counsel Inc. PA acquired a new stake in shares of Charter Communications in the second quarter worth $50,000. Versant Capital Management Inc boosted its position in shares of Charter Communications by 193.5% in the second quarter. Versant Capital Management Inc now owns 182 shares of the company’s stock worth $54,000 after buying an additional 120 shares during the period. Massmutual Trust Co. FSB ADV boosted its position in shares of Charter Communications by 109.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock worth $48,000 after buying an additional 83 shares during the period. GAMMA Investing LLC boosted its position in shares of Charter Communications by 359.6% in the second quarter. GAMMA Investing LLC now owns 1,310 shares of the company’s stock worth $392,000 after buying an additional 1,025 shares during the period. Finally, Cetera Advisors LLC boosted its position in shares of Charter Communications by 12.2% in the first quarter. Cetera Advisors LLC now owns 2,475 shares of the company’s stock worth $719,000 after buying an additional 270 shares during the period. 81.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Citigroup raised their target price on Charter Communications from $255.00 to $350.00 and gave the stock a “sell” rating in a research report on Wednesday, July 31st. Wells Fargo & Company increased their price objective on Charter Communications from $260.00 to $350.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. Wolfe Research lowered Charter Communications from an “outperform” rating to a “peer perform” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. increased their price objective on Charter Communications from $300.00 to $385.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Finally, Raymond James lowered Charter Communications from a “market perform” rating to an “underperform” rating in a report on Monday, July 29th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $360.93.

Charter Communications Stock Performance

Shares of Charter Communications stock traded down $6.72 during trading on Tuesday, reaching $356.78. The company’s stock had a trading volume of 1,352,430 shares, compared to its average volume of 1,472,171. The company has a debt-to-equity ratio of 5.84, a quick ratio of 0.40 and a current ratio of 0.39. The business’s fifty day moving average price is $305.33 and its 200-day moving average price is $295.59. The firm has a market cap of $50.93 billion, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of 0.70 and a beta of 1.04. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $458.30.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, July 26th. The company reported $8.49 earnings per share for the quarter, topping analysts’ consensus estimates of $7.98 by $0.51. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The business had revenue of $13.69 billion for the quarter, compared to the consensus estimate of $13.59 billion. During the same period last year, the business earned $8.05 earnings per share. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities research analysts predict that Charter Communications, Inc. will post 32.52 earnings per share for the current year.

Charter Communications Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.