Janney Montgomery Scott LLC Increases Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Janney Montgomery Scott LLC boosted its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 23.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,614 shares of the company’s stock after purchasing an additional 1,437 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Charter Communications were worth $2,213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. grew its position in Charter Communications by 2.9% during the fourth quarter. Victory Capital Management Inc. now owns 102,802 shares of the company’s stock valued at $39,957,000 after acquiring an additional 2,940 shares during the last quarter. Mackenzie Financial Corp grew its position in Charter Communications by 14.3% during the fourth quarter. Mackenzie Financial Corp now owns 47,854 shares of the company’s stock valued at $18,600,000 after acquiring an additional 5,979 shares during the last quarter. Sands Capital Management LLC grew its position in Charter Communications by 5.7% during the fourth quarter. Sands Capital Management LLC now owns 319,860 shares of the company’s stock valued at $124,323,000 after acquiring an additional 17,112 shares during the last quarter. Oakcliff Capital Partners LP grew its position in Charter Communications by 8.2% during the fourth quarter. Oakcliff Capital Partners LP now owns 38,474 shares of the company’s stock valued at $14,954,000 after acquiring an additional 2,900 shares during the last quarter. Finally, LB Partners LLC bought a new position in Charter Communications during the fourth quarter valued at approximately $3,887,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Stock Performance

Shares of Charter Communications stock opened at $311.04 on Friday. 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 firm has a market capitalization of $44.80 billion, a P/E ratio of 10.06, a P/E/G ratio of 1.31 and a beta of 1.04. The business has a fifty day simple moving average of $282.38 and a two-hundred day simple moving average of $299.71. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $458.30.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, April 26th. The company reported $7.55 EPS for the quarter, missing the consensus estimate of $7.78 by ($0.23). The firm had revenue of $13.68 billion for the quarter, compared to analysts’ expectations of $13.75 billion. Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $6.65 EPS. On average, equities analysts forecast that Charter Communications, Inc. will post 32.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CHTR shares. Wells Fargo & Company cut their target price on shares of Charter Communications from $290.00 to $260.00 and set an “equal weight” rating on the stock in a report on Monday, April 29th. Sanford C. Bernstein upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 target price on the stock in a report on Monday, March 18th. Rosenblatt Securities cut their target price on shares of Charter Communications from $297.00 to $292.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Charter Communications from $375.00 to $320.00 and set a “hold” rating on the stock in a report on Tuesday, April 16th. Finally, Citigroup cut shares of Charter Communications from a “neutral” rating to a “sell” rating and cut their target price for the stock from $280.00 to $255.00 in a report on Wednesday, July 3rd. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Charter Communications currently has a consensus rating of “Hold” and a consensus price target of $341.47.

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.