Cambridge Trust Co. Makes New $7.24 Million Investment in Charter Communications, Inc. (NASDAQ:CHTR)

Cambridge Trust Co. acquired a new position in Charter Communications, Inc. (NASDAQ:CHTR) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 18,613 shares of the company’s stock, valued at approximately $7,235,000.

A number of other hedge funds have also recently added to or reduced their stakes in CHTR. AQR Capital Management LLC lifted its holdings in Charter Communications by 9.7% in the third quarter. AQR Capital Management LLC now owns 14,782 shares of the company’s stock worth $6,501,000 after purchasing an additional 1,311 shares during the period. River Road Asset Management LLC acquired a new stake in Charter Communications in the 3rd quarter valued at about $29,948,000. Graham Capital Management L.P. lifted its holdings in Charter Communications by 354.7% in the 3rd quarter. Graham Capital Management L.P. now owns 15,133 shares of the company’s stock valued at $6,656,000 after acquiring an additional 11,805 shares during the last quarter. DigitalBridge Group Inc. acquired a new stake in Charter Communications in the 3rd quarter valued at about $16,411,000. Finally, Kinetic Partners Management LP lifted its stake in Charter Communications by 51.3% during the third quarter. Kinetic Partners Management LP now owns 177,801 shares of the company’s stock valued at $78,200,000 after buying an additional 60,300 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on CHTR shares. Bank of America reduced their price objective on shares of Charter Communications from $350.00 to $315.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. Rosenblatt Securities reduced their price objective on shares of Charter Communications from $334.00 to $297.00 and set a “neutral” rating for the company in a research note on Monday. Deutsche Bank Aktiengesellschaft dropped their target price on Charter Communications from $375.00 to $320.00 and set a “hold” rating on the stock in a report on Tuesday. Barclays dropped their target price on Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a report on Tuesday, April 2nd. Finally, Pivotal Research dropped their price objective on Charter Communications from $500.00 to $450.00 and set a “buy” rating on the stock in a report on Monday, February 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $380.80.

Charter Communications Stock Performance

Shares of CHTR traded up $0.52 during mid-day trading on Thursday, hitting $258.55. The company’s stock had a trading volume of 482,867 shares, compared to its average volume of 1,598,109. Charter Communications, Inc. has a one year low of $254.31 and a one year high of $458.30. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market capitalization of $37.55 billion, a PE ratio of 8.60, a price-to-earnings-growth ratio of 0.43 and a beta of 0.96. The stock’s 50-day moving average is $285.23 and its two-hundred day moving average is $355.98.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, February 2nd. The company reported $7.07 earnings per share for the quarter, missing the consensus estimate of $8.76 by ($1.69). The business had revenue of $13.71 billion during the quarter, compared to the consensus estimate of $13.70 billion. Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The firm’s revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the company posted $7.69 earnings per share. As a group, sell-side analysts anticipate that Charter Communications, Inc. will post 32.58 EPS for the current year.

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.