BankPlus Trust Department Makes New Investment in Charter Communications, Inc. (NASDAQ:CHTR)

BankPlus Trust Department acquired a new position in Charter Communications, Inc. (NASDAQ:CHTR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 207 shares of the company’s stock, valued at approximately $71,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Chemistry Wealth Management LLC raised its position in shares of Charter Communications by 4.8% in the 4th quarter. Chemistry Wealth Management LLC now owns 660 shares of the company’s stock valued at $226,000 after buying an additional 30 shares in the last quarter. US Bancorp DE raised its position in shares of Charter Communications by 0.4% in 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. Capital Advisors Ltd. LLC raised its position in shares of Charter Communications by 28.7% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock valued at $51,000 after buying an additional 35 shares in the last quarter. Allworth Financial LP raised its position in shares of Charter Communications by 16.4% in the 4th quarter. Allworth Financial LP now owns 256 shares of the company’s stock valued at $90,000 after buying an additional 36 shares in the last quarter. Finally, Brooklyn Investment Group raised its position in shares of Charter Communications by 5.8% in the 4th quarter. Brooklyn Investment Group now owns 671 shares of the company’s stock valued at $230,000 after buying an additional 37 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Trading Up 1.3 %

Shares of NASDAQ CHTR opened at $365.80 on Tuesday. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27. The firm has a 50 day moving average price of $352.27 and a two-hundred day moving average price of $353.63. The stock has a market cap of $52.02 billion, a P/E ratio of 10.46, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same period in the previous year, the company posted $7.07 earnings per share. As a group, equities analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on CHTR shares. Wells Fargo & Company boosted their target price on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Bank of America upgraded shares of Charter Communications from a “neutral” rating to a “buy” rating and boosted their target price for the company from $385.00 to $450.00 in a research report on Monday, November 4th. JPMorgan Chase & Co. boosted their target price on shares of Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, Benchmark reissued a “buy” rating and issued a $450.00 price objective on shares of Charter Communications in a research note on Friday, January 31st. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $384.42.

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.