Parkside Financial Bank & Trust Acquires 87 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Parkside Financial Bank & Trust raised its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 27.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 400 shares of the company’s stock after purchasing an additional 87 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Charter Communications were worth $155,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. CX Institutional lifted its position in Charter Communications by 2.3% during the third quarter. CX Institutional now owns 1,185 shares of the company’s stock valued at $521,000 after purchasing an additional 27 shares during the last quarter. Proficio Capital Partners LLC lifted its position in Charter Communications by 4.8% during the third quarter. Proficio Capital Partners LLC now owns 595 shares of the company’s stock valued at $262,000 after purchasing an additional 27 shares during the last quarter. Catalyst Capital Advisors LLC lifted its position in Charter Communications by 32.1% during the third quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company’s stock valued at $49,000 after purchasing an additional 27 shares during the last quarter. PDS Planning Inc lifted its holdings in shares of Charter Communications by 3.4% in the 3rd quarter. PDS Planning Inc now owns 870 shares of the company’s stock worth $383,000 after acquiring an additional 29 shares during the last quarter. Finally, Aspiriant LLC lifted its holdings in shares of Charter Communications by 2.3% in the 4th quarter. Aspiriant LLC now owns 1,533 shares of the company’s stock worth $596,000 after acquiring an additional 35 shares during the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Down 0.6 %

NASDAQ CHTR opened at $264.70 on Thursday. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market capitalization of $38.44 billion, a price-to-earnings ratio of 8.82, a price-to-earnings-growth ratio of 0.47 and a beta of 0.96. The company’s 50-day simple moving average is $282.63 and its two-hundred day simple moving average is $350.07. Charter Communications, Inc. has a one year low of $254.31 and a one year high of $458.30.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, February 2nd. The company reported $7.07 EPS for the quarter, missing analysts’ consensus estimates of $8.76 by ($1.69). The business had revenue of $13.71 billion for the quarter, compared to analysts’ expectations of $13.70 billion. Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the business posted $7.69 EPS. Equities analysts forecast that Charter Communications, Inc. will post 32.38 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on CHTR. Sanford C. Bernstein upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 target price for the company in a report on Monday, March 18th. Rosenblatt Securities lowered their target price on shares of Charter Communications from $334.00 to $297.00 and set a “neutral” rating for the company in a report on Monday, April 15th. UBS Group lowered their target price on shares of Charter Communications from $360.00 to $325.00 and set a “neutral” rating for the company in a report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Charter Communications from $375.00 to $320.00 and set a “hold” rating for the company in a report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Charter Communications from $370.00 to $335.00 and set a “neutral” rating for the company in a report on Monday, April 1st. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $380.80.

Charter Communications Company 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.