Sendero Wealth Management LLC Sells 2,106 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Sendero Wealth Management LLC reduced its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 29.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,967 shares of the company’s stock after selling 2,106 shares during the period. Sendero Wealth Management LLC’s holdings in Charter Communications were worth $1,610,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CHTR. CVA Family Office LLC grew its position in shares of Charter Communications by 5,500.0% during the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock worth $33,000 after buying an additional 110 shares during the period. New Covenant Trust Company N.A. acquired a new stake in Charter Communications in the first quarter worth $34,000. Riverview Trust Co acquired a new stake in Charter Communications in the first quarter worth $40,000. Massmutual Trust Co. FSB ADV boosted its position in shares of Charter Communications by 109.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock worth $48,000 after purchasing an additional 83 shares in the last quarter. Finally, Beach Investment Counsel Inc. PA acquired a new position in shares of Charter Communications in the 2nd quarter valued at $50,000. 81.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CHTR has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on Charter Communications from $300.00 to $325.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Raymond James downgraded shares of Charter Communications from a “market perform” rating to an “underperform” rating in a report on Monday, July 29th. Citigroup upgraded shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price target for the company in a report on Wednesday, September 11th. TD Cowen raised their price objective on shares of Charter Communications from $488.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Finally, Morgan Stanley upped their target price on shares of Charter Communications from $330.00 to $360.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $356.41.

Charter Communications Stock Down 1.1 %

Shares of NASDAQ CHTR traded down $3.66 during trading hours on Thursday, hitting $330.36. The company had a trading volume of 299,111 shares, compared to its average volume of 1,389,513. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $458.30. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 5.84. The firm’s 50 day moving average is $341.54 and its 200-day moving average is $305.34. The stock has a market capitalization of $47.58 billion, a P/E ratio of 10.80, a price-to-earnings-growth ratio of 0.61 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, July 26th. The company reported $8.49 EPS for the quarter, beating analysts’ consensus estimates of $7.98 by $0.51. The firm had revenue of $13.69 billion during the quarter, compared to analysts’ expectations of $13.59 billion. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the company posted $8.05 earnings per share. On average, analysts expect that Charter Communications, Inc. will post 32.52 earnings per share for the current fiscal year.

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.