Raymond James & Associates Has $60.10 Million Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Raymond James & Associates increased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 2.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 201,021 shares of the company’s stock after purchasing an additional 4,606 shares during the period. Raymond James & Associates’ holdings in Charter Communications were worth $60,097,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wetzel Investment Advisors Inc. bought a new position in shares of Charter Communications during the fourth quarter worth approximately $25,000. CVA Family Office LLC increased its stake in Charter Communications by 5,500.0% during the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock worth $33,000 after acquiring an additional 110 shares during the period. New Covenant Trust Company N.A. acquired a new position in Charter Communications in the 1st quarter valued at $34,000. Riverview Trust Co bought a new stake in shares of Charter Communications during the 1st quarter valued at $40,000. Finally, Cullen Frost Bankers Inc. grew its holdings in shares of Charter Communications by 769.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 113 shares of the company’s stock worth $44,000 after purchasing an additional 100 shares in the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CHTR. JPMorgan Chase & Co. upped their price objective on shares of Charter Communications from $300.00 to $385.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Morgan Stanley raised their price target on shares of Charter Communications from $330.00 to $360.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. TD Cowen upped their price objective on shares of Charter Communications from $488.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Wells Fargo & Company increased their price target on Charter Communications from $260.00 to $350.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Finally, Bank of America boosted their price objective on Charter Communications from $360.00 to $385.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $360.93.

Charter Communications Stock Up 0.4 %

CHTR opened at $353.31 on Monday. 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 current ratio of 0.39 and a quick ratio of 0.40. The company’s 50-day moving average is $319.25 and its 200 day moving average is $294.42. The firm has a market capitalization of $50.89 billion, a P/E ratio of 11.43, a PEG ratio of 0.70 and a beta of 1.04.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, July 26th. The company reported $8.49 earnings per share for the quarter, topping the consensus estimate of $7.98 by $0.51. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The business had revenue of $13.69 billion for the quarter, compared to analysts’ expectations of $13.59 billion. During the same quarter in the previous year, the firm earned $8.05 earnings per share. The business’s revenue was up .2% on a year-over-year basis. Research analysts expect that Charter Communications, Inc. will post 32.52 earnings per share for the current fiscal year.

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.