Caprock Group LLC Acquires 445 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Caprock Group LLC grew its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 17.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,017 shares of the company’s stock after buying an additional 445 shares during the quarter. Caprock Group LLC’s holdings in Charter Communications were worth $902,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CHTR. Acadian Asset Management LLC lifted its stake in shares of Charter Communications by 2,372.9% during the 2nd quarter. Acadian Asset Management LLC now owns 3,289 shares of the company’s stock valued at $981,000 after buying an additional 3,156 shares in the last quarter. Savant Capital LLC lifted its position in shares of Charter Communications by 1.7% in the second quarter. Savant Capital LLC now owns 1,859 shares of the company’s stock valued at $556,000 after acquiring an additional 31 shares in the last quarter. Candriam S.C.A. lifted its position in shares of Charter Communications by 6.1% in the second quarter. Candriam S.C.A. now owns 5,606 shares of the company’s stock valued at $1,676,000 after acquiring an additional 324 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of Charter Communications by 2.4% in the second quarter. Private Advisor Group LLC now owns 6,455 shares of the company’s stock worth $1,930,000 after acquiring an additional 154 shares during the period. Finally, First Pacific Advisors LP grew its position in shares of Charter Communications by 2.0% during the second quarter. First Pacific Advisors LP now owns 612,604 shares of the company’s stock worth $183,144,000 after purchasing an additional 12,218 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Trading Down 0.4 %

Shares of NASDAQ CHTR opened at $323.39 on Wednesday. The business’s 50 day moving average price is $338.95 and its 200-day moving average price is $299.70. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $458.30. The company has a debt-to-equity ratio of 5.84, a quick ratio of 0.39 and a current ratio of 0.39. The company has a market cap of $46.16 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 0.61 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, July 26th. The company reported $8.49 earnings per share for the quarter, topping analysts’ consensus estimates of $7.98 by $0.51. The business had revenue of $13.69 billion for the quarter, compared to analyst estimates of $13.59 billion. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The business’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm posted $8.05 earnings per share. On average, sell-side analysts expect that Charter Communications, Inc. will post 32.52 earnings per share for the current year.

Analyst Ratings Changes

CHTR has been the topic of a number of research analyst reports. Pivotal Research boosted their price target on Charter Communications from $400.00 to $435.00 and gave the stock a “buy” rating in a report on Monday, July 29th. The Goldman Sachs Group started coverage on shares of Charter Communications in a research report on Monday, July 1st. They set a “sell” rating and a $250.00 target price for the company. Raymond James cut Charter Communications from a “market perform” rating to an “underperform” rating in a report on Monday, July 29th. Morgan Stanley increased their price target on Charter Communications from $330.00 to $360.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Finally, Citigroup lifted their price objective on Charter Communications from $255.00 to $350.00 and gave the stock a “sell” rating in a research note on Wednesday, July 31st. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $360.93.

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.