Commonwealth Equity Services LLC Has $2.05 Million Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Commonwealth Equity Services LLC cut its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,973 shares of the company’s stock after selling 77 shares during the period. Commonwealth Equity Services LLC’s holdings in Charter Communications were worth $2,047,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Avior Wealth Management LLC raised its holdings in Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after acquiring an additional 45 shares during the period. Sierra Ocean LLC acquired a new stake in Charter Communications during the 4th quarter valued at $32,000. Wingate Wealth Advisors Inc. bought a new position in shares of Charter Communications in the fourth quarter worth about $45,000. Union Bancaire Privee UBP SA bought a new position in Charter Communications in the 4th quarter valued at $55,000. Finally, BankPlus Trust Department acquired a new stake in Charter Communications in the fourth quarter worth about $71,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on CHTR. Citigroup started coverage on shares of Charter Communications in a report on Friday, March 14th. They set a “buy” rating and a $425.00 target price for the company. Royal Bank of Canada increased their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Benchmark restated a “buy” rating and issued a $450.00 target price on shares of Charter Communications in a research note on Friday, January 31st. KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a research note on Thursday, December 12th. Finally, StockNews.com cut shares of Charter Communications from a “buy” rating to a “hold” rating in a research note on Wednesday. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $389.39.

Charter Communications Price Performance

CHTR opened at $382.02 on Friday. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market capitalization of $54.32 billion, a price-to-earnings ratio of 10.93, a P/E/G ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The firm’s fifty day moving average price is $359.35 and its two-hundred day moving average price is $356.14.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same quarter in the prior year, the company posted $7.07 earnings per share. As a group, analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal 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.