Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC lessened its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 4.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 700 shares of the company’s stock after selling 31 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Charter Communications were worth $240,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CHTR. Ashton Thomas Securities LLC purchased a new position in shares of Charter Communications during the third quarter worth $28,000. Avior Wealth Management LLC boosted its holdings in Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after purchasing an additional 45 shares during the period. Sierra Ocean LLC purchased a new position in Charter Communications in the fourth quarter valued at $32,000. Wingate Wealth Advisors Inc. purchased a new position in Charter Communications in the fourth quarter valued at $45,000. Finally, Union Bancaire Privee UBP SA purchased a new position in Charter Communications in the fourth quarter valued at $55,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Trading Up 1.8 %

Shares of CHTR opened at $351.50 on Friday. The stock has a fifty day moving average of $355.59 and a two-hundred day moving average of $354.76. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market capitalization of $49.98 billion, a PE ratio of 10.05, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping 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 previous year, the business posted $7.07 earnings per share. As a group, analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current year.

Analysts Set New Price Targets

CHTR has been the topic of a number of analyst reports. Barclays raised their price target on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research note on Monday, February 3rd. Royal Bank of Canada lifted their target price on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. KeyCorp raised Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target on the stock in a report on Thursday, December 12th. Benchmark reissued a “buy” rating and set a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. Finally, Citigroup started coverage on Charter Communications in a report on Friday. They set a “buy” rating and a $425.00 price target on the stock. Four analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Charter Communications has an average rating of “Hold” and a consensus price target of $388.37.

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.