Ritholtz Wealth Management Acquires Shares of 3,305 Charter Communications, Inc. (NASDAQ:CHTR)

Ritholtz Wealth Management bought a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 3,305 shares of the company's stock, valued at approximately $1,133,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CHTR. Reston Wealth Management LLC acquired a new position in shares of Charter Communications during the 3rd quarter worth about $26,000. Ashton Thomas Securities LLC bought a new position in Charter Communications in the 3rd quarter worth approximately $28,000. Grove Bank & Trust lifted its holdings in shares of 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 buying an additional 34 shares during the last quarter. CVA Family Office LLC lifted its holdings 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 last quarter. Finally, Capital Advisors Ltd. LLC grew its stake in shares of Charter Communications by 28.7% in the third quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company's stock worth $51,000 after acquiring an additional 35 shares during the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Price Performance

Shares of NASDAQ:CHTR traded up $4.69 during trading on Friday, reaching $351.37. The stock had a trading volume of 1,206,935 shares, compared to its average volume of 792,897. The stock has a market capitalization of $49.96 billion, a PE ratio of 11.00, a P/E/G ratio of 0.48 and a beta of 1.10. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27. The business's 50-day moving average price is $370.33 and its 200 day moving average price is $349.42. 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 quarterly earnings data on Friday, November 1st. The company reported $8.82 EPS for the quarter, topping analysts' consensus estimates of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The company had revenue of $13.80 billion for the quarter, compared to analyst estimates of $13.66 billion. During the same quarter in the previous year, the firm earned $8.25 earnings per share. The business's revenue was up 1.6% on a year-over-year basis. As a group, equities analysts predict that Charter Communications, Inc. will post 34.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CHTR. 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 research note on Monday, November 4th. JPMorgan Chase & Co. increased their target price on shares of Charter Communications from $385.00 to $400.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. KeyCorp upgraded Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price target on the stock in a research note on Thursday, December 12th. Morgan Stanley lifted their price objective on Charter Communications from $360.00 to $415.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. Finally, BNP Paribas upgraded Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 target price for the company in a research note on Tuesday, November 26th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $383.89.

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.