Kennondale Capital Management LLC Acquires New Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Kennondale Capital Management LLC acquired a new stake in Charter Communications, Inc. (NASDAQ:CHTR) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 741 shares of the company’s stock, valued at approximately $254,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. RD Lewis Holdings Inc. bought a new position in shares of Charter Communications during the fourth quarter valued at $376,000. Axxcess Wealth Management LLC raised its stake in shares of Charter Communications by 18.0% during the fourth quarter. Axxcess Wealth Management LLC now owns 2,225 shares of the company’s stock valued at $763,000 after acquiring an additional 339 shares during the last quarter. Cibc World Markets Corp raised its stake in shares of Charter Communications by 3.1% during the fourth quarter. Cibc World Markets Corp now owns 67,032 shares of the company’s stock valued at $22,977,000 after acquiring an additional 2,017 shares during the last quarter. Gallacher Capital Management LLC raised its stake in shares of Charter Communications by 11.3% during the fourth quarter. Gallacher Capital Management LLC now owns 807 shares of the company’s stock valued at $277,000 after acquiring an additional 82 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of Charter Communications by 8.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,293 shares of the company’s stock valued at $443,000 after acquiring an additional 98 shares during the last quarter. Institutional investors own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CHTR. Benchmark reaffirmed a “buy” rating and set a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. Royal Bank of Canada increased their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Citigroup began coverage on shares of Charter Communications in a research report on Friday. They set a “buy” rating and a $425.00 price objective for the company. Barclays increased their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Finally, BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price target for the company in a report on Tuesday, November 26th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $388.37.

Charter Communications Stock Performance

Shares of CHTR stock opened at $354.08 on Tuesday. The company’s 50-day moving average is $355.69 and its 200 day moving average is $354.73. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market capitalization of $50.35 billion, a price-to-earnings ratio of 10.13, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the business posted $7.07 EPS. Sell-side analysts expect that Charter Communications, Inc. will post 38.16 EPS 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.