Charter Communications, Inc. (NASDAQ:CHTR) Holdings Boosted by MYDA Advisors LLC

MYDA Advisors LLC raised its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 268.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,050 shares of the company’s stock after buying an additional 2,950 shares during the period. MYDA Advisors LLC’s holdings in Charter Communications were worth $2,499,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Signet Investment Advisory Group Inc. acquired a new stake in shares of Charter Communications during the 4th quarter valued at $26,000. Reilly Financial Advisors LLC boosted its stake in shares of Charter Communications by 238.5% during the 4th quarter. Reilly Financial Advisors LLC now owns 44 shares of the company’s stock valued at $29,000 after buying an additional 31 shares during the period. NEXT Financial Group Inc boosted its stake in shares of Charter Communications by 117.4% during the 1st quarter. NEXT Financial Group Inc now owns 50 shares of the company’s stock valued at $31,000 after buying an additional 27 shares during the period. Wealthcare Advisory Partners LLC acquired a new stake in shares of Charter Communications during the 1st quarter valued at $31,000. Finally, Wealthcare Capital Management LLC acquired a new stake in shares of Charter Communications during the 1st quarter valued at $33,000. 69.72% of the stock is owned by institutional investors.

Shares of CHTR stock traded up $4.18 during trading hours on Friday, reaching $687.09. 6,294 shares of the company were exchanged, compared to its average volume of 1,067,111. Charter Communications, Inc. has a fifty-two week low of $498.08 and a fifty-two week high of $712.41. The business has a fifty day moving average price of $665.82. The firm has a market cap of $129.63 billion, a P/E ratio of 38.60, a price-to-earnings-growth ratio of 1.04 and a beta of 0.98. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.37 and a current ratio of 0.37.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Thursday, April 29th. The company reported $4.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.34 by ($0.23). Charter Communications had a net margin of 7.43% and a return on equity of 11.02%. The business had revenue of $12.52 billion during the quarter, compared to analyst estimates of $12.50 billion. During the same quarter in the prior year, the company earned $1.86 earnings per share. The company’s quarterly revenue was up 6.7% on a year-over-year basis. As a group, sell-side analysts predict that Charter Communications, Inc. will post 19.62 EPS for the current year.

In other Charter Communications news, Director David C. Merritt sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 10th. The shares were sold at an average price of $697.45, for a total value of $697,450.00. Following the completion of the sale, the director now owns 8,907 shares of the company’s stock, valued at $6,212,187.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Richard R. Dykhouse sold 11,147 shares of the company’s stock in a transaction that occurred on Tuesday, May 18th. The shares were sold at an average price of $683.20, for a total transaction of $7,615,630.40. Following the completion of the sale, the executive vice president now directly owns 14,439 shares of the company’s stock, valued at approximately $9,864,724.80. The disclosure for this sale can be found here. Insiders sold 22,590 shares of company stock worth $15,306,235 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

CHTR has been the subject of a number of research analyst reports. Morgan Stanley boosted their target price on shares of Charter Communications from $730.00 to $750.00 and gave the stock an “overweight” rating in a research report on Monday, May 3rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Charter Communications from $725.00 to $770.00 and gave the stock a “buy” rating in a report on Monday, May 3rd. Argus boosted their price objective on shares of Charter Communications from $700.00 to $775.00 and gave the stock a “buy” rating in a report on Wednesday, May 12th. TD Securities boosted their price objective on shares of Charter Communications from $740.00 to $750.00 and gave the stock a “hold” rating in a report on Tuesday, May 11th. Finally, Wells Fargo & Company boosted their price objective on shares of Charter Communications from $763.00 to $816.00 and gave the stock an “overweight” rating in a report on Monday, May 3rd. Seven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $710.24.

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 provides Internet services, such as security suite that protects computers from viruses and spyware; in-home WiFi, which provides customers with high performance wireless routers to enhance their in-home wireless Internet experience; out-of-home WiFi; and Spectrum WiFi services, as well as video services.

Further Reading: Capital Gains Distribution

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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