Capital Advisors Ltd. LLC Buys 35 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Capital Advisors Ltd. LLC lifted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 28.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 157 shares of the company’s stock after purchasing an additional 35 shares during the period. Capital Advisors Ltd. LLC’s holdings in Charter Communications were worth $51,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Charter Communications by 0.6% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 242,254 shares of the company’s stock valued at $70,406,000 after buying an additional 1,467 shares during the last quarter. Westside Investment Management Inc. increased its position in Charter Communications by 138.6% in the first quarter. Westside Investment Management Inc. now owns 5,212 shares of the company’s stock worth $1,515,000 after purchasing an additional 3,028 shares during the period. Norden Group LLC bought a new stake in Charter Communications during the 1st quarter worth about $828,000. Private Advisor Group LLC lifted its position in Charter Communications by 31.2% during the 1st quarter. Private Advisor Group LLC now owns 6,301 shares of the company’s stock valued at $1,831,000 after purchasing an additional 1,500 shares during the period. Finally, Prosperity Consulting Group LLC bought a new position in shares of Charter Communications in the 1st quarter valued at about $1,923,000. 81.76% of the stock is owned by institutional investors.

Charter Communications Trading Up 1.2 %

Shares of NASDAQ:CHTR opened at $336.00 on Monday. The firm has a market cap of $48.39 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 0.62 and a beta of 1.05. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 5.84. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $424.86. The company’s fifty day simple moving average is $334.15 and its 200 day simple moving average is $309.68.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, July 26th. The company reported $8.49 EPS for the quarter, beating analysts’ consensus estimates of $7.98 by $0.51. The company had revenue of $13.69 billion for the quarter, compared to analyst estimates of $13.59 billion. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $8.05 earnings per share. As a group, research analysts forecast that Charter Communications, Inc. will post 32.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CHTR. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Charter Communications from $300.00 to $325.00 and gave the company a “hold” rating in a report on Monday, July 29th. The Goldman Sachs Group started coverage on Charter Communications in a research note on Monday, July 1st. They set a “sell” rating and a $250.00 price objective for the company. Royal Bank of Canada started coverage on Charter Communications in a research note on Thursday, September 19th. They issued a “sector perform” rating and a $345.00 target price on the stock. Pivotal Research boosted their target price on Charter Communications from $400.00 to $435.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, Wells Fargo & Company upped their price target on Charter Communications from $260.00 to $350.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Charter Communications currently has a consensus rating of “Hold” and a consensus price target of $356.41.

About Charter Communications

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.