Gallacher Capital Management LLC Increases Position in Charter Communications, Inc. (NASDAQ:CHTR)

Gallacher Capital Management LLC lifted its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 11.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 807 shares of the company’s stock after purchasing an additional 82 shares during the quarter. Gallacher Capital Management LLC’s holdings in Charter Communications were worth $277,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CHTR. Avior Wealth Management LLC boosted its holdings in Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after buying an additional 45 shares during the last quarter. Sierra Ocean LLC acquired a new stake in Charter Communications in the 4th quarter worth about $32,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Charter Communications during the 4th quarter worth approximately $45,000. Union Bancaire Privee UBP SA acquired a new position in shares of Charter Communications during the 4th quarter worth approximately $55,000. Finally, BankPlus Trust Department acquired a new position in shares of Charter Communications during the 4th quarter worth approximately $71,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Price Performance

Shares of CHTR opened at $351.50 on Monday. The company has a market cap of $49.98 billion, a P/E ratio of 10.05, a PEG ratio of 0.44 and a beta of 1.13. The stock has a fifty day moving average price of $355.59 and a 200 day moving average price of $354.71. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data 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 return on equity of 29.01% and a net margin of 9.23%. During the same quarter in the prior year, the company posted $7.07 earnings per share. On average, research analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CHTR. BNP Paribas upgraded Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price on the stock in a report on Tuesday, November 26th. Benchmark reiterated a “buy” rating and issued a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. Citigroup began coverage on Charter Communications in a report on Friday. They issued a “buy” rating and a $425.00 price objective on the stock. Royal Bank of Canada upped their price objective on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Finally, KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a report on Thursday, December 12th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Charter Communications has an average rating of “Hold” and a consensus target price of $388.37.

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.