GAMMA Investing LLC Has $678,000 Position in Charter Communications, Inc. (NASDAQ:CHTR)

GAMMA Investing LLC grew its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 9.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,977 shares of the company’s stock after buying an additional 175 shares during the quarter. GAMMA Investing LLC’s holdings in Charter Communications were worth $678,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Reston Wealth Management LLC bought a new stake in Charter Communications in the third quarter valued at about $26,000. Ashton Thomas Securities LLC bought a new stake in shares of Charter Communications in the 3rd quarter valued at approximately $28,000. Grove Bank & Trust raised its holdings in shares of Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after buying an additional 34 shares in the last quarter. CVA Family Office LLC lifted its position in shares of Charter Communications by 31.3% during the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after buying an additional 35 shares during the period. Finally, Capital Advisors Ltd. LLC boosted its stake in Charter Communications by 28.7% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock valued at $51,000 after buying an additional 35 shares in the last quarter. 81.76% of the stock is owned by institutional investors.

Charter Communications Stock Performance

CHTR stock opened at $358.35 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The business’s fifty day moving average is $373.82 and its 200-day moving average is $345.11. The company has a market cap of $50.96 billion, a P/E ratio of 11.22, a price-to-earnings-growth ratio of 0.60 and a beta of 1.10.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. The firm had revenue of $13.80 billion for the quarter, compared to analysts’ expectations of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business earned $8.25 earnings per share. Equities research analysts forecast that Charter Communications, Inc. will post 32.87 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CHTR. Morgan Stanley lifted their price objective on Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Bank of America upgraded shares of Charter Communications from a “neutral” rating to a “buy” rating and boosted their price target for the company from $385.00 to $450.00 in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Wolfe Research downgraded Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 target price on the stock. in a report on Monday, September 30th. Finally, Barclays increased their price target on Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $384.42.

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.