Sendero Wealth Management LLC Sells 1,643 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Sendero Wealth Management LLC lessened its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 33.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,324 shares of the company's stock after selling 1,643 shares during the quarter. Sendero Wealth Management LLC's holdings in Charter Communications were worth $1,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in CHTR. Reston Wealth Management LLC bought a new stake in shares of Charter Communications in the 3rd quarter worth approximately $26,000. Ashton Thomas Securities LLC purchased a new stake in Charter Communications in the third quarter worth $28,000. Grove Bank & Trust raised its stake 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 buying an additional 34 shares during the period. CVA Family Office LLC lifted its position in shares of Charter Communications by 31.3% during the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company's stock valued at $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% during the 3rd 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 period. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Price Performance

CHTR traded down $1.32 on Thursday, reaching $346.68. The company had a trading volume of 747,906 shares, compared to its average volume of 1,048,921. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27. The company has a market cap of $49.30 billion, a price-to-earnings ratio of 10.86, a P/E/G ratio of 0.48 and a beta of 1.10. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34. The business has a 50 day simple moving average of $372.10 and a 200 day simple moving average of $348.73.

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 the consensus estimate of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The firm had revenue of $13.80 billion for the quarter, compared to analysts' expectations of $13.66 billion. During the same quarter last year, the company posted $8.25 EPS. The business's quarterly revenue was up 1.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Charter Communications, Inc. will post 34.46 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CHTR shares. Royal Bank of Canada lowered their price objective on Charter Communications from $390.00 to $380.00 and set a "sector perform" rating on the stock in a research note on Wednesday. Wolfe Research lowered shares of Charter Communications from a "peer perform" rating to an "underperform" rating and set a $300.00 price target on the stock. in a research report on Monday, September 30th. Pivotal Research raised 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. JPMorgan Chase & Co. boosted their target price on shares of Charter Communications from $385.00 to $400.00 and gave the company a "neutral" rating in a report on Monday, November 4th. Finally, KeyCorp upgraded Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 target price on the stock in a research report on Thursday, December 12th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $383.89.

Charter Communications 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.