NF Trinity Capital Hong Kong Ltd Purchases Shares of 9,000 Charter Communications, Inc. (NASDAQ:CHTR)

NF Trinity Capital Hong Kong Ltd purchased a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,000 shares of the company’s stock, valued at approximately $3,024,000.

Other hedge funds have also recently made changes to their positions in the company. Huntington National Bank bought a new position in shares of Charter Communications during the third quarter worth about $128,000. Northwestern Mutual Wealth Management Co. increased its holdings in Charter Communications by 109.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 409 shares of the company’s stock worth $137,000 after purchasing an additional 214 shares in the last quarter. CLS Investments LLC increased its holdings in Charter Communications by 4,733.3% in the third quarter. CLS Investments LLC now owns 435 shares of the company’s stock worth $158,000 after purchasing an additional 426 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in Charter Communications in the third quarter worth approximately $180,000. Finally, Quadrant Capital Group LLC increased its holdings in Charter Communications by 5.9% in the second quarter. Quadrant Capital Group LLC now owns 681 shares of the company’s stock worth $194,000 after purchasing an additional 38 shares in the last quarter. 72.01% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Charter Communications, Inc. (NASDAQ:CHTR) traded up $3.26 during trading hours on Wednesday, hitting $358.94. The company had a trading volume of 899,956 shares, compared to its average volume of 1,663,876. The stock has a market capitalization of $84,830.00, a PE ratio of 10.53, a price-to-earnings-growth ratio of 3.01 and a beta of 1.15. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.23 and a current ratio of 0.23. Charter Communications, Inc. has a one year low of $308.30 and a one year high of $408.83.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, February 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.01. The company had revenue of $10.60 billion for the quarter, compared to analysts’ expectations of $10.60 billion. Charter Communications had a return on equity of 1.11% and a net margin of 23.80%. Charter Communications’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.67 earnings per share. analysts anticipate that Charter Communications, Inc. will post 4.55 earnings per share for the current year.

In other Charter Communications news, EVP Jonathan Hargis sold 27,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $364.76, for a total value of $9,848,520.00. Following the transaction, the executive vice president now owns 34,931 shares of the company’s stock, valued at $12,741,431.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.56% of the stock is owned by insiders.

A number of equities research analysts have weighed in on the company. Royal Bank of Canada lifted their target price on Charter Communications to $420.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Zacks Investment Research downgraded Charter Communications from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Citigroup reiterated a “buy” rating and issued a $436.00 target price (down from $453.00) on shares of Charter Communications in a report on Wednesday, February 7th. TheStreet upgraded Charter Communications from a “c” rating to a “b+” rating in a report on Friday, February 2nd. Finally, SunTrust Banks lifted their target price on Charter Communications to $440.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $396.11.

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About Charter Communications

Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.

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

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