California First Leasing Corp Has $3.67 Million Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

California First Leasing Corp lifted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 7.3% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,640 shares of the company’s stock after buying an additional 863 shares during the period. Charter Communications comprises about 1.7% of California First Leasing Corp’s portfolio, making the stock its 21st biggest holding. California First Leasing Corp’s holdings in Charter Communications were worth $3,674,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CHTR. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Charter Communications by 2.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,944 shares of the company’s stock worth $1,437,000 after acquiring an additional 133 shares during the last quarter. CENTRAL TRUST Co increased its position in Charter Communications by 9.3% during the 1st quarter. CENTRAL TRUST Co now owns 2,666 shares of the company’s stock worth $775,000 after purchasing an additional 226 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in Charter Communications by 86.4% in the 1st quarter. V Square Quantitative Management LLC now owns 880 shares of the company’s stock valued at $256,000 after purchasing an additional 408 shares during the last quarter. Simplicity Wealth LLC acquired a new stake in Charter Communications in the first quarter valued at approximately $1,292,000. Finally, Summit Trail Advisors LLC grew its stake in shares of Charter Communications by 12.1% during the first quarter. Summit Trail Advisors LLC now owns 1,999 shares of the company’s stock worth $581,000 after buying an additional 216 shares during the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Trading Down 1.0 %

CHTR traded down $2.68 during trading on Thursday, hitting $268.41. The company’s stock had a trading volume of 1,081,604 shares, compared to its average volume of 1,530,461. The firm has a market capitalization of $38.66 billion, a P/E ratio of 8.68, a PEG ratio of 1.10 and a beta of 0.97. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $458.30. The stock’s fifty day moving average price is $273.14 and its 200-day moving average price is $327.35. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 6.28.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Sanford C. Bernstein upgraded Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price target for the company in a research note on Monday, March 18th. UBS Group reduced their price target on Charter Communications from $360.00 to $325.00 and set a “neutral” rating on the stock in a report on Thursday, March 28th. Bank of America dropped their price objective on shares of Charter Communications from $315.00 to $300.00 and set a “neutral” rating for the company in a report on Monday, April 29th. Citigroup reduced their target price on shares of Charter Communications from $300.00 to $280.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. Finally, Benchmark cut their price target on shares of Charter Communications from $490.00 to $440.00 and set a “buy” rating on the stock in a report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $356.47.

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.