Atria Investments Inc Purchases 355 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Atria Investments Inc raised its position in Charter Communications, Inc. (NASDAQ:CHTR) by 46.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,121 shares of the company’s stock after buying an additional 355 shares during the quarter. Atria Investments Inc’s holdings in Charter Communications were worth $363,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Reston Wealth Management LLC purchased a new position in shares of Charter Communications in the third quarter valued at $26,000. CVA Family Office LLC grew its position in shares of Charter Communications by 5,500.0% in the second quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after purchasing an additional 110 shares in the last quarter. New Covenant Trust Company N.A. purchased a new position in Charter Communications during the first quarter worth about $34,000. Grove Bank & Trust grew its position in Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after buying an additional 34 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its position in 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 buying an additional 83 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Stock Performance

NASDAQ CHTR opened at $383.63 on Friday. The stock has a 50-day simple moving average of $347.14 and a two-hundred day simple moving average of $324.25. The firm has a market capitalization of $54.55 billion, a P/E ratio of 12.01, a PEG ratio of 0.61 and a beta of 1.03. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, beating analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The firm had revenue of $13.80 billion for the quarter, compared to analysts’ expectations of $13.66 billion. During the same period last year, the firm earned $8.25 EPS. The company’s quarterly revenue was up 1.6% on a year-over-year basis. On average, equities analysts forecast that Charter Communications, Inc. will post 32.87 earnings per share for the current year.

Analyst Ratings Changes

CHTR has been the subject of several research analyst reports. Royal Bank of Canada lifted their price target on Charter Communications from $345.00 to $390.00 and gave the stock a “sector perform” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft lifted their price target on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Benchmark lifted their price target on Charter Communications from $440.00 to $450.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Wells Fargo & Company boosted their target price on Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Finally, Morgan Stanley raised their price target on Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Charter Communications has a consensus rating of “Hold” and a consensus target price of $379.06.

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.