Charter Communications, Inc. (NASDAQ:CHTR) Stock Holdings Boosted by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC increased its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 27.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 893 shares of the company’s stock after purchasing an additional 191 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in Charter Communications were worth $329,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CHTR. Norges Bank acquired a new stake in Charter Communications in the 4th quarter valued at about $1,032,236,000. Price T Rowe Associates Inc. MD lifted its holdings in Charter Communications by 822.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company’s stock valued at $433,167,000 after acquiring an additional 1,126,783 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Charter Communications by 43,296.0% in the 1st quarter. GAMMA Investing LLC now owns 857,938 shares of the company’s stock valued at $316,176,000 after acquiring an additional 855,961 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Charter Communications by 130.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company’s stock valued at $369,566,000 after acquiring an additional 609,554 shares during the last quarter. Finally, LSV Asset Management lifted its holdings in Charter Communications by 8,343.1% in the 4th quarter. LSV Asset Management now owns 177,305 shares of the company’s stock valued at $60,775,000 after acquiring an additional 175,205 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Price Performance

NASDAQ CHTR opened at $377.43 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 4.54. The stock has a market capitalization of $52.98 billion, a PE ratio of 10.53, a price-to-earnings-growth ratio of 0.41 and a beta of 1.07. The company has a 50 day moving average price of $385.45 and a two-hundred day moving average price of $367.94. Charter Communications, Inc. has a 12-month low of $277.10 and a 12-month high of $437.06.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.70 by ($0.28). The business had revenue of $13.74 billion during the quarter, compared to analyst estimates of $13.67 billion. Charter Communications had a net margin of 9.42% and a return on equity of 27.70%. Charter Communications’s revenue was up .4% compared to the same quarter last year. During the same quarter last year, the firm earned $7.55 earnings per share. As a group, equities analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Morgan Stanley raised their target price on shares of Charter Communications from $385.00 to $415.00 and gave the stock an “equal weight” rating in a report on Monday, April 28th. Oppenheimer upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $500.00 target price for the company in a report on Friday, May 16th. Citigroup raised their target price on shares of Charter Communications from $425.00 to $445.00 and gave the stock a “buy” rating in a report on Monday, April 28th. BNP Paribas reiterated an “underperform” rating and issued a $290.00 target price on shares of Charter Communications in a report on Thursday, April 10th. Finally, Raymond James Financial upgraded shares of Charter Communications from an “underperform” rating to a “market perform” rating in a report on Monday, May 19th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Charter Communications presently has an average rating of “Hold” and a consensus price target of $410.20.

Charter Communications 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.