Elser Financial Planning Inc bought a new stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 1,023 shares of the company's stock, valued at approximately $351,000.
Other large investors also recently made changes to their positions in the company. Reston Wealth Management LLC acquired a new stake in shares of Charter Communications in the 3rd quarter valued at about $26,000. Ashton Thomas Securities LLC bought a new position in Charter Communications in the 3rd quarter valued at about $28,000. Avior Wealth Management LLC lifted its position in Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock valued at $30,000 after acquiring an additional 45 shares in the last quarter. Grove Bank & Trust lifted its position in 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 in the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new position in Charter Communications in the 4th quarter valued at about $45,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Charter Communications from $340.00 to $365.00 and gave the company a "hold" rating in a research report on Monday, November 4th. Benchmark reissued a "buy" rating and set a $450.00 target price on shares of Charter Communications in a research report on Friday, January 31st. Bank of America raised shares of Charter Communications from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $385.00 to $450.00 in a research report on Monday, November 4th. Royal Bank of Canada lifted their target price on shares of Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company lifted their target price on shares of Charter Communications from $350.00 to $400.00 and gave the stock an "equal weight" rating in a research report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Charter Communications has an average rating of "Hold" and an average price target of $384.42.
Get Our Latest Stock Analysis on Charter Communications
Charter Communications Stock Performance
Charter Communications stock traded up $6.21 during mid-day trading on Thursday, reaching $360.77. The company's stock had a trading volume of 728,145 shares, compared to its average volume of 1,176,626. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. The company has a market capitalization of $51.30 billion, a P/E ratio of 10.32, a PEG ratio of 0.43 and a beta of 1.11. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.34 and a current ratio of 0.31. The firm's fifty day moving average price is $355.91 and its two-hundred day moving average price is $354.20.
Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings results 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 net margin of 9.23% and a return on equity of 29.01%. During the same quarter last year, the company posted $7.07 earnings per share. Sell-side analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.
Charter Communications Profile
(
Free Report)
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.
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