Sapient Capital LLC Acquires New Position in Charter Communications, Inc. (NASDAQ:CHTR)

Sapient Capital LLC bought a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 967 shares of the company’s stock, valued at approximately $376,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CHTR. Axxcess Wealth Management LLC increased its position in shares of Charter Communications by 5.8% in the 4th quarter. Axxcess Wealth Management LLC now owns 660 shares of the company’s stock valued at $257,000 after buying an additional 36 shares in the last quarter. Power Wealth Management LLC bought a new stake in shares of Charter Communications in the fourth quarter worth about $375,000. Benjamin F. Edwards & Company Inc. bought a new position in shares of Charter Communications during the 4th quarter valued at about $81,000. Amalgamated Bank grew its position in shares of Charter Communications by 6.5% in the 4th quarter. Amalgamated Bank now owns 28,665 shares of the company’s stock valued at $11,142,000 after purchasing an additional 1,739 shares during the period. Finally, First Trust Direct Indexing L.P. increased its stake in Charter Communications by 7.1% during the 4th quarter. First Trust Direct Indexing L.P. now owns 1,643 shares of the company’s stock worth $639,000 after purchasing an additional 109 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Citigroup reduced their price target on shares of Charter Communications from $300.00 to $280.00 and set a “neutral” rating for the company in a report on Monday, April 29th. UBS Group reduced their target price on shares of Charter Communications from $360.00 to $325.00 and set a “neutral” rating for the company in a research note on Thursday, March 28th. Bank of America dropped their price target on Charter Communications from $315.00 to $300.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. Wells Fargo & Company reduced their price objective on Charter Communications from $290.00 to $260.00 and set an “equal weight” rating for the company in a research report on Monday, April 29th. Finally, Barclays dropped their target price on Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $356.47.

Charter Communications Stock Up 2.1 %

CHTR stock opened at $271.47 on Tuesday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 6.28. The business’s 50 day simple moving average is $277.36 and its 200 day simple moving average is $338.90. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $458.30. The firm has a market capitalization of $39.10 billion, a PE ratio of 8.78, a PEG ratio of 1.07 and a beta of 0.97.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, April 26th. The company reported $7.55 EPS for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The company had revenue of $13.68 billion during the quarter, compared to analyst estimates of $13.75 billion. During the same quarter last year, the company posted $6.65 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. As a group, research analysts anticipate that Charter Communications, Inc. will post 32.02 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.