Raymond James & Associates Has $57.08 Million Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Raymond James & Associates increased its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 71.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 196,415 shares of the company’s stock after acquiring an additional 81,873 shares during the quarter. Raymond James & Associates owned about 0.14% of Charter Communications worth $57,084,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Wetzel Investment Advisors Inc. acquired a new position in shares of Charter Communications during the 4th quarter worth approximately $25,000. Catalyst Capital Advisors LLC increased its holdings in shares of Charter Communications by 32.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company’s stock worth $49,000 after acquiring an additional 27 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in Charter Communications in the 4th quarter valued at $44,000. Cullen Frost Bankers Inc. increased its position in Charter Communications by 769.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 113 shares of the company’s stock worth $44,000 after buying an additional 100 shares during the period. Finally, NBC Securities Inc. bought a new position in Charter Communications during the 3rd quarter worth $56,000. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Trading Up 1.5 %

Shares of CHTR traded up $3.93 during mid-day trading on Friday, reaching $265.93. 865,841 shares of the company were exchanged, compared to its average volume of 1,308,826. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $458.30. The company has a debt-to-equity ratio of 6.28, a quick ratio of 0.31 and a current ratio of 0.40. The stock has a market capitalization of $38.62 billion, a PE ratio of 8.60, a PEG ratio of 1.05 and a beta of 0.97. The business has a 50 day simple moving average of $277.79 and a two-hundred day simple moving average of $341.59.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, April 26th. The company reported $7.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). The company had revenue of $13.68 billion for 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%. Charter Communications’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business earned $6.65 earnings per share. On average, analysts predict that Charter Communications, Inc. will post 32.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on CHTR. Pivotal Research lowered their price objective on Charter Communications from $450.00 to $400.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Sanford C. Bernstein raised Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 target price on the stock in a report on Monday, March 18th. JPMorgan Chase & Co. reduced their price objective on Charter Communications from $370.00 to $335.00 and set a “neutral” rating on the stock in a research note on Monday, April 1st. Barclays reduced their price objective on Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 2nd. Finally, Rosenblatt Securities reduced their price objective on Charter Communications from $297.00 to $292.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $356.47.

Charter Communications Company 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.