Aaron Wealth Advisors LLC Strengthens Position in Charter Communications, Inc. (NASDAQ:CHTR) | Panda Anku


Aaron Wealth Advisors LLC increased its stake in Charter Communications, Inc. (NASDAQ:CHTR – Get Rating) by 51,943.8% in the first quarter, according to its recent filing with the Securities & Exchange Commission. The institutional investor owned 407,503 shares of the company after purchasing an additional 406,720 shares during the quarter. Aaron Wealth Advisors LLC owned approximately 0.24% of Charter Communications worth $747,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Norges Bank acquired a new position in Charter Communications stock valued at approximately $429,797,000 during the fourth quarter. Veritas Asset Management LLP increased its stake in Charter Communications by 31.7% in the fourth quarter. Veritas Asset Management LLP now owns 2,623,631 shares of the company’s stock valued at $1,710,529,000 after purchasing an additional 631,800 shares last quarter. Massachusetts Financial Services Co. MA increased its stake in Charter Communications by 23.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,509,077 shares of the company’s stock valued at $1,635,843,000 after purchasing an additional 470,982 shares last quarter. BlackRock Inc. increased its stake in Charter Communications by 3.1% in the fourth quarter. BlackRock Inc. now owns 8,655,420 shares of the company’s stock valued at $5,643,072,000 after purchasing an additional 260,167 shares last quarter. Finally, GQG Partners LLC increased its stake in Charter Communications by 11.5% in the fourth quarter. GQG Partners LLC now owns 2,106,125 shares of the company’s stock valued at $1,372,829,000 after purchasing an additional 217,744 shares last quarter. Hedge funds and other institutional investors own 83.63% of the company’s shares.

Price development for charter communication

Charter Communications shares opened at $454.46 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt to equity ratio of 6.99. The company has a market cap of $73.01 billion, a P/E of 14.60, a P/E of 0.46, and a beta of 0.91. The company has a 50-day moving average of $462.25 and a 200-day moving average of $510.75. Charter Communications, Inc. has a 52-week low of $407.75 and a 52-week high of $825.62.

Charter Communications (NASDAQ:CHTR – Get Rating) last announced its earnings results on Friday, July 29th. The company reported $8.80 per share for the quarter, beating analysts’ consensus estimate of $6.82 by $1.98. The company had revenue of $13.60 billion for the quarter, compared to the consensus estimate of $13.42 billion. Charter Communications had a return on equity of 31.83% and a net margin of 10.35%. The company’s revenue for the quarter rose 6.2% year over year. In the same quarter last year, the company posted earnings per share of $5.29. As a group, equity analysts are forecasting that Charter Communications, Inc. will report year-to-date earnings per share of 31.16.

Wall Street analyst ponders

Several analysts have published reports on the company. Barclays lowered its target price on Charter Communications to $388.00 in a research note on Tuesday, August 9. Benchmark lowered its target price on Charter Communications to $805.00 from $825.00 and issued a research note on Monday, May 2nd, with a “buy” rating on the company. Wolfe Research lowered its target price on Charter Communications to $515.00 from $582.00 and rated the company as underperform in a research note on Thursday, June 2nd. Cowen lowered his target price on Charter Communications to $730.00 in a research note on Tuesday, August 9. Finally, StockNews.com downgraded Charter Communications from a “buy” rating to a “hold” rating in a research report on Saturday. Three analysts have rated the stock with a sell rating, twelve with a hold rating and six with a buy rating. Based on data from MarketBeat.com, Charter Communications currently has an average rating of Hold and an average target price of $621.47.

Charter Communications Profile

(received rating)

Charter Communications, Inc operates as a broadband connectivity and cable network operator serving residential and commercial customers throughout the United States. The company offers subscription-based video services including video-on-demand, high definition television, digital video recorders and pay-per-view services.

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)



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