Caledonia Investments PLC Acquires 16,500 Shares of Charter Communications, Inc. $CHTR

Caledonia Investments PLC increased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 10.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,700 shares of the company’s stock after acquiring an additional 16,500 shares during the period. Charter Communications comprises 3.9% of Caledonia Investments PLC’s investment portfolio, making the stock its 12th biggest holding. Caledonia Investments PLC owned 0.13% of Charter Communications worth $35,418,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Webster Bank N. A. bought a new position in shares of Charter Communications during the third quarter valued at about $28,000. Steigerwald Gordon & Koch Inc. purchased a new position in Charter Communications in the third quarter valued at approximately $30,000. Geneos Wealth Management Inc. grew its stake in shares of Charter Communications by 141.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock worth $35,000 after acquiring an additional 55 shares during the period. Mather Group LLC. bought a new position in Charter Communications during the third quarter worth about $38,000. Finally, Root Financial Partners LLC purchased a new stake in shares of Charter Communications during the 3rd quarter valued at approximately $38,000. 81.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on CHTR shares. Weiss Ratings restated a “sell (d+)” rating on shares of Charter Communications in a research note on Friday, March 27th. UBS Group set a $425.00 target price on shares of Charter Communications in a research report on Thursday, January 29th. The Goldman Sachs Group decreased their price target on shares of Charter Communications from $210.00 to $185.00 and set a “sell” rating on the stock in a research note on Monday, February 2nd. Wells Fargo & Company lifted their price objective on Charter Communications from $180.00 to $200.00 and gave the stock an “underweight” rating in a report on Monday, February 2nd. Finally, Williams Trading set a $437.00 target price on shares of Charter Communications in a research note on Monday, February 2nd. Six investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat, Charter Communications has an average rating of “Hold” and a consensus target price of $335.11.

Charter Communications Stock Up 1.6%

Shares of Charter Communications stock opened at $219.79 on Friday. The stock has a market capitalization of $27.83 billion, a PE ratio of 6.06, a price-to-earnings-growth ratio of 0.34 and a beta of 1.03. Charter Communications, Inc. has a 52-week low of $180.38 and a 52-week high of $437.06. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.39 and a current ratio of 0.39. The company has a 50-day simple moving average of $221.55 and a two-hundred day simple moving average of $224.29.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, January 30th. The company reported $10.34 earnings per share for the quarter, missing analysts’ consensus estimates of $10.40 by ($0.06). The business had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.73 billion. Charter Communications had a return on equity of 24.63% and a net margin of 9.10%.Charter Communications’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period last year, the firm posted $10.10 EPS. On average, analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Charter Communications Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.