Clearstead Trust LLC Invests $394,000 in Charter Communications, Inc. (NASDAQ:CHTR)

Clearstead Trust LLC acquired a new stake in Charter Communications, Inc. (NASDAQ:CHTR) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 1,014 shares of the company’s stock, valued at approximately $394,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Commonwealth Equity Services LLC boosted its stake in Charter Communications by 87.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 10,777 shares of the company’s stock worth $4,740,000 after purchasing an additional 5,043 shares during the period. Pinnacle Associates Ltd. bought a new stake in Charter Communications during the 3rd quarter worth approximately $239,000. Raymond James & Associates lifted its stake in Charter Communications by 528.3% in the 3rd quarter. Raymond James & Associates now owns 88,683 shares of the company’s stock worth $39,005,000 after purchasing an additional 74,569 shares in the last quarter. NorthRock Partners LLC boosted its holdings in Charter Communications by 12.3% in the 3rd quarter. NorthRock Partners LLC now owns 630 shares of the company’s stock valued at $277,000 after purchasing an additional 69 shares during the period. Finally, Forsta AP Fonden grew its position in shares of Charter Communications by 53.0% during the 3rd quarter. Forsta AP Fonden now owns 33,200 shares of the company’s stock valued at $14,602,000 after purchasing an additional 11,500 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CHTR shares. Pivotal Research dropped their price objective on Charter Communications from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Monday, April 29th. UBS Group dropped their price target on Charter Communications from $360.00 to $325.00 and set a “neutral” rating for the company in a research report on Thursday, March 28th. Barclays decreased their price objective on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 2nd. Rosenblatt Securities dropped their target price on shares of Charter Communications from $297.00 to $292.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Charter Communications from $375.00 to $320.00 and set a “hold” rating on the stock in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $356.47.

Charter Communications Trading Up 1.5 %

CHTR traded up $3.93 during trading on Friday, hitting $265.93. 865,841 shares of the stock traded hands, compared to its average volume of 1,308,826. The firm has a 50-day moving average of $277.79 and a 200 day moving average of $341.59. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $458.30. The firm has a market capitalization of $38.62 billion, a P/E ratio of 8.60, a price-to-earnings-growth ratio of 1.05 and a beta of 0.97. The company has a debt-to-equity ratio of 6.28, a current ratio of 0.40 and a quick ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, April 26th. The company reported $7.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.78 by ($0.23). The business had revenue of $13.68 billion during the quarter, compared to the consensus estimate of $13.75 billion. Charter Communications had a return on equity of 31.42% and a net margin of 8.50%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $6.65 earnings per share. Equities research analysts anticipate that Charter Communications, Inc. will post 32.02 EPS for the current year.

About Charter Communications

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.