Orion Portfolio Solutions LLC increased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 54.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,480 shares of the company's stock after purchasing an additional 1,576 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Charter Communications were worth $1,452,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of CHTR. Savant Capital LLC increased its stake in shares of Charter Communications by 1.7% during the 2nd quarter. Savant Capital LLC now owns 1,859 shares of the company's stock worth $556,000 after purchasing an additional 31 shares in the last quarter. US Bancorp DE grew its holdings in Charter Communications by 0.4% during 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 last quarter. B. Riley Wealth Advisors Inc. increased its position 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 buying an additional 32 shares in the last quarter. Grove Bank & Trust lifted its position in shares of Charter Communications by 39.1% in the third 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, CVA Family Office LLC boosted its stake 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 valued at $48,000 after acquiring an additional 35 shares during the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the stock. Wells Fargo & Company upped their target price on shares of Charter Communications from $350.00 to $400.00 and gave the company an "equal weight" rating in a report on Monday, November 4th. Morgan Stanley boosted their price target on Charter Communications from $360.00 to $415.00 and gave the company an "equal weight" rating in a report on Monday, November 4th. Barclays raised their price objective on Charter Communications from $300.00 to $315.00 and gave the stock an "underweight" rating in a report on Monday, November 4th. Pivotal Research upped their target price on Charter Communications from $435.00 to $525.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. raised their price target on Charter Communications from $385.00 to $400.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $384.42.
Read Our Latest Analysis on Charter Communications
Charter Communications Stock Down 2.2 %
NASDAQ CHTR traded down $8.67 during trading hours on Friday, hitting $379.78. The company had a trading volume of 807,285 shares, compared to its average volume of 1,367,456. The firm's 50 day moving average is $366.42 and its 200 day moving average is $337.25. The company has a market capitalization of $54.00 billion, a price-to-earnings ratio of 11.89, a P/E/G ratio of 0.60 and a beta of 1.08. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34.
Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $8.55 by $0.27. The business 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 company's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $8.25 earnings per share. Sell-side analysts anticipate that Charter Communications, Inc. will post 32.87 earnings per share for the current fiscal year.
About Charter Communications
(
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.
Further Reading
Before you consider Charter Communications, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Charter Communications wasn't on the list.
While Charter Communications currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
