BankPlus Trust Department Makes New Investment in Charter Communications, Inc. (NASDAQ:CHTR)

BankPlus Trust Department purchased a new position in Charter Communications, Inc. (NASDAQ:CHTR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 207 shares of the company’s stock, valued at approximately $71,000.

Other large investors have also bought and sold shares of the company. Reston Wealth Management LLC acquired a new stake in Charter Communications in the third quarter worth $26,000. Ashton Thomas Securities LLC acquired a new stake in Charter Communications in the third quarter worth $28,000. Avior Wealth Management LLC grew its holdings in Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after purchasing an additional 45 shares during the period. Sierra Ocean LLC acquired a new stake in Charter Communications in the fourth quarter worth $32,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in Charter Communications in the fourth quarter worth $45,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CHTR. Bank of America raised shares of Charter Communications from a “neutral” rating to a “buy” rating and raised their price objective for the company from $385.00 to $450.00 in a research note on Monday, November 4th. Pivotal Research raised their price target on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Benchmark reissued a “buy” rating and set a $450.00 price target on shares of Charter Communications in a research report on Friday, January 31st. Royal Bank of Canada raised their price target on shares of Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company raised their price target on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $384.42.

Charter Communications Price Performance

CHTR opened at $365.80 on Tuesday. The company has a market capitalization of $52.02 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 0.44 and a beta of 1.11. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The firm has a 50-day moving average price of $352.27 and a 200-day moving average price of $353.63. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping the consensus estimate of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same period in the prior year, the business earned $7.07 earnings per share. Equities analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current year.

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.