Summit Trail Advisors LLC Grows Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Summit Trail Advisors LLC lifted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 7.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,826 shares of the company’s stock after acquiring an additional 121 shares during the period. Summit Trail Advisors LLC’s holdings in Charter Communications were worth $592,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of CHTR. Tidal Investments LLC raised its holdings in shares of Charter Communications by 27.0% in the first quarter. Tidal Investments LLC now owns 12,279 shares of the company’s stock worth $3,572,000 after buying an additional 2,613 shares during the last quarter. Coppell Advisory Solutions Corp. purchased a new position in Charter Communications in the 1st quarter worth $940,000. Zimmer Partners LP acquired a new stake in Charter Communications during the 1st quarter worth about $32,074,000. Western Pacific Wealth Management LP grew its stake in Charter Communications by 148.0% during the 1st quarter. Western Pacific Wealth Management LP now owns 920 shares of the company’s stock valued at $267,000 after purchasing an additional 549 shares during the last quarter. Finally, Plato Investment Management Ltd increased its holdings in shares of Charter Communications by 373.5% in the first quarter. Plato Investment Management Ltd now owns 1,037 shares of the company’s stock valued at $301,000 after purchasing an additional 818 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Trading Down 1.0 %

Shares of CHTR opened at $384.47 on Tuesday. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27. The stock has a market cap of $54.67 billion, a PE ratio of 12.04, a price-to-earnings-growth ratio of 0.62 and a beta of 1.03. The firm’s fifty day moving average is $348.93 and its two-hundred day moving average is $326.68. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. The firm had revenue of $13.80 billion for the quarter, compared to analyst estimates of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. Charter Communications’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $8.25 earnings per share. Research analysts forecast that Charter Communications, Inc. will post 32.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CHTR has been the subject of a number of recent research reports. Wolfe Research lowered shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target for the company. in a research report on Monday, September 30th. Bank of America upgraded shares of Charter Communications from a “neutral” rating to a “buy” rating and boosted their target price for the company from $385.00 to $450.00 in a research report on Monday, November 4th. Royal Bank of Canada lifted their price objective on Charter Communications from $345.00 to $390.00 and gave the company a “sector perform” rating in a research note on Monday, November 4th. Raymond James downgraded Charter Communications from a “market perform” rating to an “underperform” rating in a research note on Monday, July 29th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Charter Communications presently has a consensus rating of “Hold” and an average price target of $379.06.

Charter Communications 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.