Clearstead Trust LLC Makes New $394,000 Investment in Charter Communications, Inc. (NASDAQ:CHTR)

Clearstead Trust LLC purchased a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the fourth quarter, HoldingsChannel reports. The firm purchased 1,014 shares of the company’s stock, valued at approximately $394,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wetzel Investment Advisors Inc. purchased a new stake in Charter Communications in the fourth quarter valued at approximately $25,000. Catalyst Capital Advisors LLC raised its holdings in shares of Charter Communications by 32.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company’s stock valued at $49,000 after buying an additional 27 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Charter Communications in the 4th quarter valued at $44,000. NBC Securities Inc. acquired a new position in Charter Communications during the 3rd quarter worth about $56,000. Finally, Bourgeon Capital Management LLC boosted its holdings in Charter Communications by 219.5% during the 4th quarter. Bourgeon Capital Management LLC now owns 131 shares of the company’s stock valued at $51,000 after acquiring an additional 90 shares during the period. 81.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on CHTR shares. Wells Fargo & Company dropped their price objective on shares of Charter Communications from $290.00 to $260.00 and set an “equal weight” rating for the company in a report on Monday, April 29th. Citigroup cut their price objective on Charter Communications from $300.00 to $280.00 and set a “neutral” rating on the stock in a research report on Monday, April 29th. Bank of America lowered their target price on Charter Communications from $315.00 to $300.00 and set a “neutral” rating for the company in a research note on Monday, April 29th. Benchmark reduced their price target on Charter Communications from $490.00 to $440.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. Finally, Rosenblatt Securities lowered their price objective on Charter Communications from $297.00 to $292.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $356.47.

Charter Communications Stock Performance

Shares of NASDAQ CHTR traded up $3.93 during trading hours on Friday, reaching $265.93. The stock had a trading volume of 865,841 shares, compared to its average volume of 1,308,826. The firm has a 50-day moving average of $277.79 and a 200-day moving average of $341.59. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $458.30. The firm has a market cap of $38.62 billion, a price-to-earnings ratio of 8.60, a PEG ratio of 1.05 and a beta of 0.97. The company has a current ratio of 0.40, a quick ratio of 0.31 and a debt-to-equity ratio of 6.28.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, April 26th. The company reported $7.55 EPS for the quarter, missing the consensus estimate of $7.78 by ($0.23). The company had revenue of $13.68 billion for the quarter, compared to analysts’ expectations of $13.75 billion. Charter Communications had a return on equity of 31.42% and a net margin of 8.50%. Charter Communications’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the company earned $6.65 EPS. Equities research analysts predict that Charter Communications, Inc. will post 32.02 earnings per share for the current year.

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.