Brookstone Capital Management Has $206,000 Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Brookstone Capital Management reduced its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 60.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 602 shares of the company’s stock after selling 906 shares during the quarter. Brookstone Capital Management’s holdings in Charter Communications were worth $206,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CHTR. Mercer Global Advisors Inc. ADV lifted its stake in shares of Charter Communications by 8.2% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 3,712 shares of the company’s stock valued at $1,110,000 after purchasing an additional 282 shares during the last quarter. Intech Investment Management LLC grew its holdings in Charter Communications by 150.8% during the second quarter. Intech Investment Management LLC now owns 1,936 shares of the company’s stock valued at $579,000 after purchasing an additional 1,164 shares during the last quarter. Sei Investments Co. raised its position in shares of Charter Communications by 21.0% in the second quarter. Sei Investments Co. now owns 154,329 shares of the company’s stock valued at $46,139,000 after purchasing an additional 26,800 shares during the period. Profund Advisors LLC boosted its holdings in Charter Communications by 1.7% during the second quarter. Profund Advisors LLC now owns 13,622 shares of the company’s stock valued at $4,072,000 after acquiring an additional 234 shares during the period. Finally, Frank Rimerman Advisors LLC increased its stake in shares of Charter Communications by 21,700.0% in the second quarter. Frank Rimerman Advisors LLC now owns 2,398 shares of the company’s stock worth $717,000 after purchasing an additional 2,387 shares during the period. 81.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CHTR has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Wolfe Research downgraded shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target on the stock. in a research note on Monday, September 30th. Pivotal Research increased their price objective on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 4th. BNP Paribas upgraded Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective for the company in a research note on Tuesday, November 26th. Finally, Royal Bank of Canada decreased their price objective on shares of Charter Communications from $390.00 to $380.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 15th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $383.89.

Charter Communications Stock Up 1.4 %

Shares of NASDAQ:CHTR opened at $351.37 on Monday. The company has a market capitalization of $49.96 billion, a PE ratio of 11.00, a PEG ratio of 0.48 and a beta of 1.10. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34. The company has a 50 day moving average price of $370.33 and a two-hundred day moving average price of $349.42. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. The business had revenue of $13.80 billion during the quarter, compared to analysts’ expectations of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. Charter Communications’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $8.25 EPS. Analysts forecast that Charter Communications, Inc. will post 34.46 earnings per share 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.