Charter Communications, Inc. (NASDAQ:CHTR) Shares Bought by Fiduciary Trust Co

Fiduciary Trust Co increased its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,322 shares of the company’s stock after acquiring an additional 63 shares during the period. Fiduciary Trust Co’s holdings in Charter Communications were worth $453,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CHTR. Avior Wealth Management LLC boosted its position in shares of Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after acquiring an additional 45 shares during the last quarter. Sierra Ocean LLC acquired a new stake in shares of Charter Communications in the fourth quarter worth approximately $32,000. Generali Asset Management SPA SGR acquired a new stake in shares of Charter Communications in the fourth quarter worth approximately $36,000. Brown Brothers Harriman & Co. boosted its position in shares of Charter Communications by 37.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock worth $36,000 after acquiring an additional 29 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new stake in shares of Charter Communications in the fourth quarter worth approximately $45,000. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Stock Down 0.7%

CHTR stock opened at $401.50 on Monday. Charter Communications, Inc. has a twelve month low of $266.06 and a twelve month high of $415.27. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The company has a market capitalization of $56.36 billion, a P/E ratio of 11.48, a PEG ratio of 0.44 and a beta of 1.11. The firm has a 50 day simple moving average of $361.46 and a 200-day simple moving average of $363.38.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, April 25th. The company reported $8.42 earnings per share for the quarter, missing analysts’ consensus estimates of $8.70 by ($0.28). Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. The company had revenue of $13.74 billion for the quarter, compared to analyst estimates of $13.67 billion. During the same period in the previous year, the business posted $7.55 EPS. The firm’s quarterly revenue was up .4% compared to the same quarter last year. On average, equities research analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on CHTR. StockNews.com raised shares of Charter Communications from a “hold” rating to a “buy” rating in a research report on Thursday, May 1st. Benchmark restated a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. Loop Capital raised their price target on shares of Charter Communications from $385.00 to $430.00 and gave the company a “hold” rating in a report on Monday, April 28th. Wells Fargo & Company raised their price target on shares of Charter Communications from $380.00 to $400.00 and gave the company an “equal weight” rating in a report on Monday, April 28th. Finally, Barclays raised their price target on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $399.35.

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.