Brookstone Capital Management Sells 906 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Brookstone Capital Management reduced its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 60.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Reston Wealth Management LLC purchased a new position in Charter Communications during the third quarter valued at $26,000. Ashton Thomas Securities LLC purchased a new position in Charter Communications during the 3rd quarter valued at about $28,000. Grove Bank & Trust boosted its stake in Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company's stock worth $39,000 after acquiring an additional 34 shares in the last quarter. CVA Family Office LLC grew its holdings in Charter Communications by 31.3% in the third quarter. CVA Family Office LLC now owns 147 shares of the company's stock worth $48,000 after purchasing an additional 35 shares during the period. Finally, Capital Advisors Ltd. LLC lifted its holdings in shares of Charter Communications by 28.7% during the third quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company's stock valued at $51,000 after purchasing an additional 35 shares during the last quarter. Institutional investors own 81.76% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on CHTR. Benchmark boosted their target price on Charter Communications from $440.00 to $450.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. increased their price objective on shares of Charter Communications from $385.00 to $400.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. KeyCorp raised shares of Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 target price for the company in a report on Thursday, December 12th. Pivotal Research boosted their price objective on shares of Charter Communications from $435.00 to $525.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Charter Communications from $340.00 to $365.00 and gave the stock a "hold" rating in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $383.89.

Charter Communications Price Performance

Shares of NASDAQ:CHTR traded up $4.69 during midday trading on Monday, reaching $351.37. 1,206,935 shares of the company were exchanged, compared to its average volume of 792,897. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24. The stock has a market cap of $49.96 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 0.48 and a beta of 1.10. The business's fifty day moving average is $370.33 and its two-hundred day moving average is $349.76. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, beating analysts' consensus estimates of $8.55 by $0.27. The firm had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The business's quarterly revenue 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. As a group, analysts predict 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.