CVA Family Office LLC Has $33,000 Position in Charter Communications, Inc. (NASDAQ:CHTR)

CVA Family Office LLC raised its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 5,500.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 112 shares of the company’s stock after buying an additional 110 shares during the period. CVA Family Office LLC’s holdings in Charter Communications were worth $33,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Douglas Lane & Associates LLC grew its position in shares of Charter Communications by 11.0% in the second quarter. Douglas Lane & Associates LLC now owns 250,867 shares of the company’s stock valued at $74,999,000 after purchasing an additional 24,926 shares during the last quarter. Quent Capital LLC grew its holdings in Charter Communications by 13.4% in the 2nd quarter. Quent Capital LLC now owns 760 shares of the company’s stock valued at $227,000 after buying an additional 90 shares in the last quarter. Beach Investment Counsel Inc. PA bought a new position in Charter Communications during the 2nd quarter worth $50,000. Versant Capital Management Inc lifted its holdings in shares of Charter Communications by 193.5% during the second quarter. Versant Capital Management Inc now owns 182 shares of the company’s stock worth $54,000 after buying an additional 120 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of Charter Communications by 109.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock valued at $48,000 after acquiring an additional 83 shares during the period. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CHTR. Pivotal Research raised their price target on shares of Charter Communications from $400.00 to $435.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Barclays boosted their price target on Charter Communications from $250.00 to $300.00 and gave the company an “underweight” rating in a research note on Monday, July 29th. Wells Fargo & Company raised their price objective on Charter Communications from $260.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. Wolfe Research downgraded Charter Communications from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 31st. Finally, TD Cowen raised their target price on shares of Charter Communications from $488.00 to $525.00 and gave the company a “buy” rating in a report on Monday, July 29th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $360.93.

Charter Communications Trading Down 0.8 %

NASDAQ:CHTR traded down $2.84 during mid-day trading on Wednesday, hitting $353.94. 1,327,150 shares of the company’s stock were exchanged, compared to its average volume of 1,471,214. The company has a current ratio of 0.39, a quick ratio of 0.40 and a debt-to-equity ratio of 5.84. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $458.30. The company has a 50 day simple moving average of $307.03 and a 200-day simple moving average of $295.49. The firm has a market capitalization of $50.98 billion, a P/E ratio of 11.61, a PEG ratio of 0.70 and a beta of 1.04.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, July 26th. The company reported $8.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.98 by $0.51. The business had revenue of $13.69 billion during the quarter, compared to analyst estimates of $13.59 billion. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. Charter Communications’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the company earned $8.05 EPS. As a group, research analysts expect that Charter Communications, Inc. will post 32.52 earnings per share for the current year.

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.