Versant Capital Management Inc Has $54,000 Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Versant Capital Management Inc raised its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 193.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 182 shares of the company’s stock after buying an additional 120 shares during the quarter. Versant Capital Management Inc’s holdings in Charter Communications were worth $54,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Wetzel Investment Advisors Inc. acquired a new position in Charter Communications in the 4th quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Charter Communications during the 4th quarter worth $44,000. Cullen Frost Bankers Inc. increased its stake in shares of Charter Communications by 769.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 113 shares of the company’s stock worth $44,000 after purchasing an additional 100 shares during the last quarter. New Covenant Trust Company N.A. acquired a new position in shares of Charter Communications during the 1st quarter worth $34,000. Finally, Bourgeon Capital Management LLC increased its stake in shares of Charter Communications by 219.5% during the 4th quarter. Bourgeon Capital Management LLC now owns 131 shares of the company’s stock worth $51,000 after purchasing an additional 90 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Trading Down 1.8 %

Charter Communications stock traded down $6.72 during midday trading on Tuesday, hitting $356.78. 1,352,430 shares of the stock were exchanged, compared to its average volume of 1,472,171. The company has a fifty day simple moving average of $305.33 and a two-hundred day simple moving average of $295.59. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $458.30. The stock has a market capitalization of $50.93 billion, a PE ratio of 11.76, a P/E/G ratio of 0.70 and a beta of 1.04. The company has a quick ratio of 0.40, a current ratio of 0.39 and a debt-to-equity ratio of 5.84.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Pivotal Research increased their price target on shares of Charter Communications from $400.00 to $435.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Raymond James lowered shares of Charter Communications from a “market perform” rating to an “underperform” rating in a research note on Monday, July 29th. Wolfe Research lowered shares of Charter Communications from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. raised their target price on shares of Charter Communications from $300.00 to $385.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Finally, The Goldman Sachs Group assumed coverage on shares of Charter Communications in a research note on Monday, July 1st. They issued a “sell” rating and a $250.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $360.93.

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.