1620 Investment Advisors Inc. Makes New Investment in Charter Communications, Inc. (NASDAQ:CHTR)

1620 Investment Advisors Inc. bought a new position in Charter Communications, Inc. (NASDAQ:CHTR) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 243 shares of the company’s stock, valued at approximately $73,000.

Several other institutional investors have also recently made changes to their positions in the company. Wetzel Investment Advisors Inc. purchased a new position in Charter Communications during the fourth quarter worth about $25,000. CVA Family Office LLC raised its stake in shares of 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 purchasing an additional 110 shares during the period. New Covenant Trust Company N.A. purchased a new position in shares of Charter Communications in the 1st quarter worth about $34,000. Riverview Trust Co bought a new position in Charter Communications during the first quarter valued at about $40,000. Finally, Cullen Frost Bankers Inc. raised its position in Charter Communications by 769.2% in the fourth quarter. Cullen Frost Bankers Inc. now owns 113 shares of the company’s stock worth $44,000 after acquiring an additional 100 shares during the period. Institutional investors own 81.76% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CHTR shares. Citigroup lifted their target price on shares of Charter Communications from $255.00 to $350.00 and gave the stock a “sell” rating in a research note on Wednesday, July 31st. Loop Capital dropped their target price on Charter Communications from $335.00 to $285.00 and set a “hold” rating on the stock in a research report on Monday, April 29th. The Goldman Sachs Group initiated coverage on shares of Charter Communications in a report on Monday, July 1st. They issued a “sell” rating and a $250.00 price target on the stock. Pivotal Research boosted their price objective on shares of Charter Communications from $400.00 to $435.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Finally, TD Cowen increased their target price on shares of Charter Communications from $488.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $360.93.

Charter Communications Stock Down 1.4 %

Shares of CHTR opened at $340.32 on Friday. The firm has a market cap of $49.02 billion, a P/E ratio of 11.01, a P/E/G ratio of 0.70 and a beta of 1.04. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $458.30. The stock has a 50 day simple moving average of $324.97 and a two-hundred day simple moving average of $295.10. The company has a debt-to-equity ratio of 5.84, a current ratio of 0.39 and a quick ratio of 0.40.

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

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.