Charter Communications, Inc. (NASDAQ:CHTR) Stock Holdings Trimmed by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC trimmed its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 5.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 229,067 shares of the company's stock after selling 13,746 shares during the period. Charter Communications comprises 1.1% of Douglas Lane & Associates LLC's investment portfolio, making the stock its 26th biggest position. Douglas Lane & Associates LLC owned approximately 0.16% of Charter Communications worth $78,517,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Savant Capital LLC grew its position in shares of Charter Communications by 1.7% in the second quarter. Savant Capital LLC now owns 1,859 shares of the company's stock valued at $556,000 after purchasing an additional 31 shares during the period. US Bancorp DE grew its stake in shares of Charter Communications by 0.4% in the 3rd quarter. US Bancorp DE now owns 7,370 shares of the company's stock valued at $2,388,000 after buying an additional 31 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in Charter Communications by 3.1% during the second quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company's stock worth $314,000 after acquiring an additional 32 shares during the last quarter. Grove Bank & Trust raised its stake in shares of Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company's stock valued at $39,000 after acquiring an additional 34 shares during the period. Finally, CVA Family Office LLC boosted its position in shares of Charter Communications by 31.3% during the third quarter. CVA Family Office LLC now owns 147 shares of the company's stock worth $48,000 after buying an additional 35 shares during the period. Hedge funds and other institutional investors own 81.76% of the company's stock.

Charter Communications Stock Up 0.5 %

Shares of CHTR traded up $1.69 during mid-day trading on Wednesday, reaching $349.32. 839,889 shares of the stock traded hands, compared to its average volume of 1,053,458. The firm has a market cap of $49.67 billion, a price-to-earnings ratio of 10.94, a P/E/G ratio of 0.60 and a beta of 1.10. The stock has a fifty day simple moving average of $374.62 and a 200 day simple moving average of $346.93. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted 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 company had revenue of $13.80 billion during 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 firm's revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $8.25 EPS. Sell-side analysts expect that Charter Communications, Inc. will post 32.87 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on CHTR. Royal Bank of Canada increased their price objective on Charter Communications from $345.00 to $390.00 and gave the company a "sector perform" rating in a report on Monday, November 4th. KeyCorp raised Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price objective for the company in a research report on Thursday, December 12th. BNP Paribas raised Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 price target for the company in a report on Tuesday, November 26th. Wells Fargo & Company boosted their price objective on shares of Charter Communications from $350.00 to $400.00 and gave the company an "equal weight" rating in a research note on Monday, November 4th. Finally, Benchmark lifted their target price on shares of Charter Communications from $440.00 to $450.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $384.42.

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.