Kathmere Capital Management LLC Makes New $289,000 Investment in Charter Communications, Inc. (NASDAQ:CHTR)

Kathmere Capital Management LLC bought a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 844 shares of the company’s stock, valued at approximately $289,000.

Other large investors also recently modified their holdings of the company. Reston Wealth Management LLC acquired a new position in Charter Communications in the third quarter valued at about $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Charter Communications in the 3rd quarter valued at approximately $28,000. Grove Bank & Trust lifted its holdings in shares of Charter Communications by 39.1% during the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after acquiring an additional 34 shares during the period. CVA Family Office LLC boosted its position in shares of Charter Communications by 31.3% during the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after acquiring an additional 35 shares in the last quarter. Finally, Capital Advisors Ltd. LLC increased its stake in Charter Communications by 28.7% in the third quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock valued at $51,000 after acquiring an additional 35 shares during the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Stock Down 0.4 %

Shares of CHTR opened at $346.68 on Friday. The company has a market capitalization of $49.30 billion, a PE ratio of 10.86, a PEG ratio of 0.48 and a beta of 1.10. The stock’s 50-day moving average price is $372.10 and its two-hundred day moving average price is $348.73. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, beating the consensus estimate of $8.55 by $0.27. The business had revenue of $13.80 billion for the quarter, compared to analysts’ expectations of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $8.25 earnings per share. On average, analysts anticipate that Charter Communications, Inc. will post 34.46 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Morgan Stanley raised their target price on Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Wolfe Research lowered Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price objective on the stock. in a research note on Monday, September 30th. Deutsche Bank Aktiengesellschaft lifted their target price on Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research report on Monday, November 4th. BNP Paribas raised shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price for the company in a report on Tuesday, November 26th. Finally, Bank of America raised shares of Charter Communications from a “neutral” rating to a “buy” rating and lifted their price target for the company from $385.00 to $450.00 in a report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Charter Communications currently has a consensus rating of “Hold” and a consensus target price of $383.89.

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.