Hennion & Walsh Asset Management Inc. Increases Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Hennion & Walsh Asset Management Inc. increased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 22.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,203 shares of the company’s stock after purchasing an additional 220 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Charter Communications were worth $412,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Franklin Resources Inc. boosted its position in Charter Communications by 4.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock valued at $1,052,868,000 after buying an additional 148,003 shares during the period. Geode Capital Management LLC boosted its position in Charter Communications by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company’s stock valued at $785,744,000 after buying an additional 13,430 shares during the period. FMR LLC boosted its position in Charter Communications by 27.7% during the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company’s stock valued at $345,128,000 after buying an additional 230,817 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Charter Communications by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company’s stock valued at $267,267,000 after buying an additional 7,008 shares during the period. Finally, Cryder Capital Partners LLP boosted its position in Charter Communications by 8.0% during the 3rd quarter. Cryder Capital Partners LLP now owns 533,036 shares of the company’s stock valued at $172,746,000 after buying an additional 39,334 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wells Fargo & Company upped their price objective on shares of Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Morgan Stanley increased their price target on shares of Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. raised their price objective on shares of Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised their price objective 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. Finally, Pivotal Research raised their price target on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $383.89.

Charter Communications Trading Up 1.4 %

Charter Communications stock opened at $351.37 on Tuesday. The stock has a market cap of $49.96 billion, a P/E 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 current ratio of 0.34 and a quick ratio of 0.34. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The firm’s 50 day moving average price is $370.33 and its 200-day moving average price is $349.76.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.55 by $0.27. The firm had revenue of $13.80 billion for the quarter, compared to analysts’ expectations of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $8.25 earnings per share. On average, equities analysts predict that Charter Communications, Inc. will post 34.46 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.