Krilogy Financial LLC Acquires Shares of 2,804 Charter Communications, Inc. $CHTR

Krilogy Financial LLC acquired a new position in Charter Communications, Inc. (NASDAQ:CHTR) during the third quarter, HoldingsChannel reports. The fund acquired 2,804 shares of the company’s stock, valued at approximately $771,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CHTR. Atlantic Union Bankshares Corp bought a new position in shares of Charter Communications in the second quarter valued at about $25,000. Heritage Wealth Advisors acquired a new stake in Charter Communications in the 2nd quarter valued at about $29,000. Geneos Wealth Management Inc. raised its stake in shares of Charter Communications by 141.0% in the first 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 last quarter. Webster Bank N. A. acquired a new position in shares of Charter Communications during the third quarter worth approximately $28,000. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in shares of Charter Communications during the third quarter valued at approximately $30,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on CHTR shares. Weiss Ratings restated a “sell (d+)” rating on shares of Charter Communications in a research report on Monday, December 29th. Sanford C. Bernstein set a $220.00 target price on Charter Communications in a research note on Wednesday, January 28th. Wells Fargo & Company upped their price target on Charter Communications from $180.00 to $200.00 and gave the company an “underweight” rating in a research note on Monday, February 2nd. Benchmark raised their price target on Charter Communications from $425.00 to $455.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Finally, Oppenheimer cut Charter Communications from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 4th. Six equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat.com, Charter Communications currently has a consensus rating of “Reduce” and an average target price of $335.67.

Charter Communications Trading Up 0.4%

NASDAQ CHTR opened at $239.09 on Friday. Charter Communications, Inc. has a 12 month low of $180.38 and a 12 month high of $437.06. The stock has a 50-day simple moving average of $208.30 and a 200 day simple moving average of $234.13. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 4.65. The company has a market capitalization of $30.28 billion, a PE ratio of 6.59, a P/E/G ratio of 0.37 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR) last posted its 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 company had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.73 billion. Charter Communications had a return on equity of 24.63% and a net margin of 9.10%.Charter Communications’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $10.10 earnings per share. Research analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current year.

About Charter Communications

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.