Cetera Investment Advisers Cuts Position in Charter Communications, Inc. (NASDAQ:CHTR)

Cetera Investment Advisers reduced its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 28.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,299 shares of the company’s stock after selling 2,100 shares during the quarter. Cetera Investment Advisers’ holdings in Charter Communications were worth $1,584,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in shares of Charter Communications during the 4th quarter worth approximately $506,000. Wellington Management Group LLP boosted its position in shares of Charter Communications by 1.5% in the 4th quarter. Wellington Management Group LLP now owns 477,849 shares of the company’s stock worth $185,730,000 after purchasing an additional 7,007 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its stake in Charter Communications by 5.4% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 1,074 shares of the company’s stock worth $417,000 after buying an additional 55 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Charter Communications during the 4th quarter valued at about $4,703,000. Finally, HighPoint Advisor Group LLC purchased a new stake in Charter Communications in the fourth quarter valued at about $337,000. Institutional investors own 81.76% of the company’s stock.

Charter Communications Price Performance

CHTR stock opened at $331.80 on Tuesday. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $458.30. The company has a debt-to-equity ratio of 5.84, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a market capitalization of $47.79 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 0.62 and a beta of 1.05. The business has a 50 day simple moving average of $339.00 and a 200-day simple moving average of $306.25.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, July 26th. The company reported $8.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.98 by $0.51. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The company had revenue of $13.69 billion during the quarter, compared to analysts’ expectations of $13.59 billion. During the same quarter last year, the firm earned $8.05 earnings per share. The firm’s quarterly revenue was up .2% compared to the same quarter last year. Equities research analysts anticipate that Charter Communications, Inc. will post 32.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CHTR. TD Cowen boosted their target price on shares of Charter Communications from $488.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Royal Bank of Canada assumed coverage on Charter Communications in a research report on Thursday, September 19th. They issued a “sector perform” rating and a $345.00 target price on the stock. The Goldman Sachs Group assumed coverage on Charter Communications in a research note on Monday, July 1st. They set a “sell” rating and a $250.00 price target on the stock. Raymond James lowered Charter Communications from a “market perform” rating to an “underperform” rating in a report on Monday, July 29th. Finally, Morgan Stanley upped their target price on Charter Communications from $330.00 to $360.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Charter Communications has an average rating of “Hold” and a consensus price target of $356.41.

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.