Aviance Capital Partners LLC Acquires 397 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Aviance Capital Partners LLC increased its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 5.0% during the first quarter, HoldingsChannel.com reports. The fund owned 8,412 shares of the company’s stock after buying an additional 397 shares during the quarter. Aviance Capital Partners LLC’s holdings in Charter Communications were worth $2,445,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of CHTR. Aspiriant LLC grew its position in shares of Charter Communications by 2.3% in the fourth quarter. Aspiriant LLC now owns 1,533 shares of the company’s stock valued at $596,000 after purchasing an additional 35 shares in the last quarter. Axxcess Wealth Management LLC grew its position in shares of Charter Communications by 5.8% in the fourth quarter. Axxcess Wealth Management LLC now owns 660 shares of the company’s stock valued at $257,000 after purchasing an additional 36 shares in the last quarter. Summit Trail Advisors LLC grew its position in shares of Charter Communications by 2.2% in the fourth quarter. Summit Trail Advisors LLC now owns 1,783 shares of the company’s stock valued at $693,000 after purchasing an additional 39 shares in the last quarter. Perigon Wealth Management LLC grew its position in shares of Charter Communications by 1.2% in the fourth quarter. Perigon Wealth Management LLC now owns 3,461 shares of the company’s stock valued at $1,345,000 after purchasing an additional 40 shares in the last quarter. Finally, Gulf International Bank UK Ltd grew its position in shares of Charter Communications by 0.5% in the first quarter. Gulf International Bank UK Ltd now owns 8,067 shares of the company’s stock valued at $2,344,000 after purchasing an additional 40 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wells Fargo & Company reduced their target price on Charter Communications from $290.00 to $260.00 and set an “equal weight” rating for the company in a research report on Monday, April 29th. Deutsche Bank Aktiengesellschaft cut their price objective on Charter Communications from $375.00 to $320.00 and set a “hold” rating for the company in a report on Tuesday, April 16th. Barclays cut their price objective on Charter Communications from $280.00 to $250.00 and set an “underweight” rating for the company in a report on Tuesday, April 2nd. Bank of America cut their price objective on Charter Communications from $315.00 to $300.00 and set a “neutral” rating for the company in a report on Monday, April 29th. Finally, JPMorgan Chase & Co. cut their price objective on Charter Communications from $370.00 to $335.00 and set a “neutral” rating for the company in a report on Monday, April 1st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Charter Communications currently has an average rating of “Hold” and a consensus target price of $343.13.

Charter Communications Stock Down 1.1 %

Charter Communications stock traded down $3.36 during trading hours on Monday, hitting $295.60. 133,128 shares of the stock traded hands, compared to its average volume of 1,453,079. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $458.30. The company has a market cap of $42.58 billion, a PE ratio of 9.61, a PEG ratio of 1.11 and a beta of 1.04. The firm’s 50-day moving average price is $274.69 and its two-hundred day moving average price is $305.02. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 6.28.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, April 26th. The company reported $7.55 EPS for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The business had revenue of $13.68 billion for the quarter, compared to the consensus estimate of $13.75 billion. During the same quarter last year, the firm posted $6.65 EPS. The business’s quarterly revenue was up .2% on a year-over-year basis. On average, research analysts forecast that Charter Communications, Inc. will post 32.51 EPS for the current year.

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.