Beese Fulmer Investment Management Inc. Makes New Investment in Charter Communications, Inc. (NASDAQ:CHTR)

Beese Fulmer Investment Management Inc. acquired a new stake in Charter Communications, Inc. (NASDAQ:CHTR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 592 shares of the company’s stock, valued at approximately $203,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Chemistry Wealth Management LLC boosted its position in Charter Communications by 4.8% in the fourth quarter. Chemistry Wealth Management LLC now owns 660 shares of the company’s stock worth $226,000 after purchasing an additional 30 shares during the last quarter. US Bancorp DE lifted its stake in shares of Charter Communications by 0.4% during the 3rd quarter. US Bancorp DE now owns 7,370 shares of the company’s stock valued at $2,388,000 after buying an additional 31 shares in the last quarter. Grove Bank & Trust boosted its stake in shares of Charter Communications by 39.1% in the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after acquiring an additional 34 shares during the period. CVA Family Office LLC raised its position in shares of Charter Communications by 31.3% during the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock valued at $48,000 after buying an additional 35 shares during the last quarter. Finally, Capital Advisors Ltd. LLC lifted its stake in Charter Communications by 28.7% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock worth $51,000 after purchasing an additional 35 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Up 2.4 %

NASDAQ:CHTR opened at $353.31 on Friday. The firm has a 50 day moving average of $360.53 and a 200 day moving average of $353.34. The company has a quick ratio of 0.34, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27. The stock has a market capitalization of $50.24 billion, a price-to-earnings ratio of 10.11, a PEG ratio of 0.46 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same period in the previous year, the business posted $7.07 earnings per share. As a group, sell-side analysts anticipate that Charter Communications, Inc. will post 36.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CHTR shares. Benchmark reissued a “buy” rating and issued a $450.00 target price on shares of Charter Communications in a report on Friday, January 31st. Pivotal Research raised their price target on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Barclays boosted their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research report on Monday. BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price for the company in a report on Tuesday, November 26th. Finally, Bank of America upgraded Charter Communications from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $385.00 to $450.00 in a report on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $384.42.

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.