Wealth Enhancement Advisory Services LLC Raises Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Wealth Enhancement Advisory Services LLC raised its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,305 shares of the company’s stock after buying an additional 55 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Charter Communications were worth $1,071,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CHTR. Reston Wealth Management LLC bought a new position in shares of Charter Communications in the third quarter valued at approximately $26,000. Ashton Thomas Securities LLC bought a new position in Charter Communications in the 3rd quarter valued at $28,000. Grove Bank & Trust boosted its holdings in Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after purchasing an additional 34 shares during the period. CVA Family Office LLC grew its position in shares of Charter Communications by 31.3% during the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company’s stock valued at $48,000 after purchasing an additional 35 shares in the last quarter. Finally, Capital Advisors Ltd. LLC increased its holdings in shares of Charter Communications by 28.7% in the third quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock worth $51,000 after purchasing an additional 35 shares during the period. 81.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CHTR shares. JPMorgan Chase & Co. boosted their target price on Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Benchmark boosted their price objective on Charter Communications from $440.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Pivotal Research boosted their price target on shares of Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a research report on Thursday, December 12th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Charter Communications has an average rating of “Hold” and a consensus price target of $383.89.

Charter Communications Trading Up 0.5 %

NASDAQ CHTR opened at $348.00 on Thursday. The firm has a market cap of $49.48 billion, a PE ratio of 10.90, a price-to-earnings-growth ratio of 0.60 and a beta of 1.10. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27. The stock has a 50-day moving average of $373.30 and a 200-day moving average of $348.74. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $13.66 billion. During the same quarter in the previous year, the company posted $8.25 earnings per share. The business’s revenue was up 1.6% on a year-over-year basis. As a group, sell-side analysts forecast that Charter Communications, Inc. will post 32.87 EPS for the current 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.