Hi Line Capital Management LLC Purchases Shares of 19,045 Charter Communications, Inc. (NASDAQ:CHTR)

Hi Line Capital Management LLC acquired a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 19,045 shares of the company’s stock, valued at approximately $5,535,000. Charter Communications comprises 2.0% of Hi Line Capital Management LLC’s holdings, making the stock its 18th largest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Wetzel Investment Advisors Inc. purchased a new stake in shares of Charter Communications during the 4th quarter worth about $25,000. Riverview Trust Co acquired a new position in Charter Communications in the 1st quarter worth about $40,000. Turtle Creek Wealth Advisors LLC purchased a new position in Charter Communications during the fourth quarter worth approximately $44,000. Cullen Frost Bankers Inc. grew its holdings in Charter Communications by 769.2% in the fourth quarter. Cullen Frost Bankers Inc. now owns 113 shares of the company’s stock valued at $44,000 after purchasing an additional 100 shares during the period. Finally, Bourgeon Capital Management LLC increased its position in shares of Charter Communications by 219.5% in the fourth quarter. Bourgeon Capital Management LLC now owns 131 shares of the company’s stock valued at $51,000 after buying an additional 90 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Trading Down 1.6 %

Shares of NASDAQ CHTR traded down $4.70 during midday trading on Monday, reaching $294.26. 523,366 shares of the stock were exchanged, compared to its average volume of 1,456,201. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $458.30. The stock has a market capitalization of $42.38 billion, a P/E ratio of 9.46, a PEG ratio of 1.11 and a beta of 1.04. The company has a 50 day simple moving average of $274.69 and a 200 day simple moving average of $305.02. The company has a debt-to-equity ratio of 6.28, a quick ratio of 0.40 and a current ratio of 0.40.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, April 26th. The company reported $7.55 EPS for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The business had revenue of $13.68 billion during the quarter, compared to analysts’ expectations of $13.75 billion. During the same quarter in the prior year, the firm earned $6.65 EPS. Charter Communications’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities analysts expect that Charter Communications, Inc. will post 32.51 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group initiated coverage on shares of Charter Communications in a research note on Monday. They issued a “sell” rating and a $250.00 price target on the stock. Citigroup cut their target price on shares of Charter Communications from $300.00 to $280.00 and set a “neutral” rating for the company in a research note on Monday, April 29th. Sanford C. Bernstein raised shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price target on the stock in a research note on Monday, March 18th. Pivotal Research lowered their price objective on Charter Communications from $450.00 to $400.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Finally, JPMorgan Chase & Co. reduced their target price on Charter Communications from $370.00 to $335.00 and set a “neutral” rating for the company in a report on Monday, April 1st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Charter Communications currently has a consensus rating of “Hold” and a consensus price target of $343.13.

Charter Communications Company 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.