Creative Planning Has $3.56 Million Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Creative Planning lifted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 10,981 shares of the company’s stock after purchasing an additional 161 shares during the quarter. Creative Planning’s holdings in Charter Communications were worth $3,559,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. CVA Family Office LLC lifted its stake in shares of Charter Communications by 5,500.0% in the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after purchasing an additional 110 shares during the period. New Covenant Trust Company N.A. acquired a new position in Charter Communications in the first quarter valued at approximately $34,000. Grove Bank & Trust boosted its holdings in shares of Charter Communications by 39.1% during the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after buying an additional 34 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its position in shares of Charter Communications by 109.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock worth $48,000 after buying an additional 83 shares during the period. Finally, Beach Investment Counsel Inc. PA bought a new stake in shares of Charter Communications in the 2nd quarter valued at $50,000. Institutional investors own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Wells Fargo & Company raised their price target on shares of Charter Communications from $260.00 to $350.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. Bank of America upped their price target on Charter Communications from $360.00 to $385.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft raised their price objective on Charter Communications from $300.00 to $325.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Pivotal Research upped their target price on Charter Communications from $400.00 to $435.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, Barclays lifted their price target on shares of Charter Communications from $250.00 to $300.00 and gave the company an “underweight” rating in a research report on Monday, July 29th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Charter Communications presently has an average rating of “Hold” and an average price target of $356.41.

Charter Communications Stock Performance

NASDAQ:CHTR opened at $336.00 on Friday. The stock has a market cap of $48.39 billion, a P/E ratio of 10.81, a PEG ratio of 0.62 and a beta of 1.05. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 5.84. The business’s 50-day moving average price is $334.49 and its two-hundred day moving average price is $308.65. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $424.86.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, July 26th. The company reported $8.49 earnings per share for the quarter, beating the consensus estimate of $7.98 by $0.51. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The firm had revenue of $13.69 billion for the quarter, compared to analysts’ expectations of $13.59 billion. During the same quarter last year, the company posted $8.05 EPS. The business’s quarterly revenue was up .2% on a year-over-year basis. As a group, equities analysts predict that Charter Communications, Inc. will post 32.42 EPS for the current fiscal 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.