Plato Investment Management Ltd Increases Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Plato Investment Management Ltd increased its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 373.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,037 shares of the company’s stock after purchasing an additional 818 shares during the quarter. Plato Investment Management Ltd’s holdings in Charter Communications were worth $301,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CHTR. Wetzel Investment Advisors Inc. purchased a new stake in Charter Communications in the 4th quarter valued at about $25,000. Riverview Trust Co bought a new stake in shares of Charter Communications in the 1st quarter valued at approximately $40,000. Turtle Creek Wealth Advisors LLC bought a new position in Charter Communications during the 4th quarter worth $44,000. Cullen Frost Bankers Inc. grew its stake in Charter Communications by 769.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 113 shares of the company’s stock worth $44,000 after buying an additional 100 shares during the last quarter. Finally, Bourgeon Capital Management LLC grew its stake in shares of Charter Communications by 219.5% in the fourth quarter. Bourgeon Capital Management LLC now owns 131 shares of the company’s stock worth $51,000 after purchasing an additional 90 shares in the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Stock Down 1.0 %

Shares of CHTR traded down $3.68 during trading hours on Friday, hitting $373.29. The stock had a trading volume of 630,374 shares, compared to its average volume of 1,468,449. The firm has a market capitalization of $53.76 billion, a P/E ratio of 12.13, a price-to-earnings-growth ratio of 0.70 and a beta of 1.04. The company has a debt-to-equity ratio of 5.84, a current ratio of 0.39 and a quick ratio of 0.40. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $458.30. The firm has a 50 day simple moving average of $301.45 and a 200-day simple moving average of $296.49.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, July 26th. The company reported $8.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.98 by $0.51. The business had revenue of $13.69 billion for the quarter, compared to analysts’ expectations of $13.59 billion. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $8.05 EPS. Sell-side analysts predict that Charter Communications, Inc. will post 32.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CHTR shares. Rosenblatt Securities upped their price objective on Charter Communications from $292.00 to $329.00 and gave the company a “neutral” rating in a report on Monday. Citigroup raised their price target on Charter Communications from $255.00 to $350.00 and gave the stock a “sell” rating in a research note on Wednesday. Bank of America raised their price objective on Charter Communications from $360.00 to $385.00 and gave the company a “neutral” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft raised their target price on Charter Communications from $300.00 to $325.00 and gave the company a “hold” rating in a report on Monday. Finally, Wells Fargo & Company lifted their price objective on Charter Communications from $260.00 to $350.00 and gave the stock an “equal weight” rating in a report on Monday. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Charter Communications has a consensus rating of “Hold” and an average price target of $373.69.

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.