Davis Rea LTD. Has $7.78 Million Stock Position in Charter Communications, Inc. $CHTR

Davis Rea LTD. boosted its position in Charter Communications, Inc. (NASDAQ:CHTR) by 8.1% in the 4th quarter, HoldingsChannel reports. The firm owned 37,289 shares of the company’s stock after acquiring an additional 2,801 shares during the period. Charter Communications makes up about 1.9% of Davis Rea LTD.’s portfolio, making the stock its 16th largest position. Davis Rea LTD.’s holdings in Charter Communications were worth $7,784,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Optimize Financial Inc acquired a new stake in Charter Communications in the 3rd quarter valued at about $1,557,000. Wealth Enhancement Advisory Services LLC lifted its stake in Charter Communications by 245.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,717 shares of the company’s stock valued at $4,069,000 after purchasing an additional 10,455 shares during the last quarter. AustralianSuper Pty Ltd acquired a new stake in Charter Communications in the 3rd quarter valued at about $28,651,000. Rakuten Investment Management Inc. bought a new position in Charter Communications in the 3rd quarter valued at about $5,260,000. Finally, CWM LLC raised its holdings in Charter Communications by 764.5% in the 3rd quarter. CWM LLC now owns 23,195 shares of the company’s stock valued at $6,381,000 after acquiring an additional 20,512 shares during the period. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Zacks Research raised shares of Charter Communications from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. UBS Group set a $425.00 price target on shares of Charter Communications in a report on Thursday, January 29th. Wells Fargo & Company increased their price target on shares of Charter Communications from $180.00 to $200.00 and gave the company an “underweight” rating in a report on Monday, February 2nd. Benchmark lowered their price target on shares of Charter Communications from $455.00 to $435.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Charter Communications in a report on Friday, March 27th. Six equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $334.00.

Charter Communications Stock Down 0.3%

Shares of CHTR opened at $241.78 on Friday. Charter Communications, Inc. has a 12 month low of $180.38 and a 12 month high of $437.06. The firm’s 50 day moving average is $225.82 and its 200-day moving average is $220.14. The stock has a market capitalization of $30.62 billion, a PE ratio of 6.66, a P/E/G ratio of 0.40 and a beta of 1.03. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 4.65.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, January 30th. The company reported $10.34 EPS for the quarter, missing the consensus estimate of $10.40 by ($0.06). Charter Communications had a return on equity of 24.63% and a net margin of 9.10%.The business had revenue of $13.60 billion for the quarter, compared to the consensus estimate of $13.73 billion. During the same period in the prior year, the business posted $10.10 earnings per share. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. Equities research analysts forecast that Charter Communications, Inc. will post 43.56 EPS for the current year.

About Charter Communications

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.