Atria Investments Inc Cuts Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Atria Investments Inc cut its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 4.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,072 shares of the company’s stock after selling 49 shares during the quarter. Atria Investments Inc’s holdings in Charter Communications were worth $367,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CHTR. Avior Wealth Management LLC increased its position in shares of Charter Communications by 104.7% during the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after purchasing an additional 45 shares in the last quarter. Sierra Ocean LLC purchased a new stake in shares of Charter Communications during the fourth quarter worth approximately $32,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Charter Communications during the fourth quarter worth approximately $45,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Charter Communications during the fourth quarter worth approximately $55,000. Finally, BankPlus Trust Department purchased a new stake in shares of Charter Communications during the fourth quarter worth approximately $71,000. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Trading Up 1.8 %

CHTR opened at $351.50 on Monday. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27. The company has a market cap of $49.98 billion, a P/E ratio of 10.05, a PEG ratio of 0.44 and a beta of 1.13. 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 business’s 50-day simple moving average is $355.59 and its 200-day simple moving average is $354.71.

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CHTR. Royal Bank of Canada boosted their price objective on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. Barclays boosted their price objective on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective on the stock in a research note on Tuesday, November 26th. Citigroup began coverage on Charter Communications in a research note on Friday. They set a “buy” rating and a $425.00 price objective on the stock. Finally, KeyCorp raised Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a research note on Thursday, December 12th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $388.37.

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.