Avior Wealth Management LLC Purchases 45 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Avior Wealth Management LLC lifted its position in shares of Charter Communications, Inc. (NASDAQ:CHTRFree Report) by 104.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 88 shares of the company’s stock after buying an additional 45 shares during the quarter. Avior Wealth Management LLC’s holdings in Charter Communications were worth $30,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Reston Wealth Management LLC bought a new position in shares of Charter Communications in the 3rd quarter worth $26,000. Ashton Thomas Securities LLC bought a new position in Charter Communications in the third quarter worth about $28,000. Grove Bank & Trust raised its holdings in Charter Communications by 39.1% in the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after purchasing an additional 34 shares in the last quarter. CVA Family Office LLC boosted its holdings in shares of Charter Communications by 31.3% in 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 in the last quarter. Finally, Capital Advisors Ltd. LLC boosted its holdings in shares of Charter Communications by 28.7% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock valued at $51,000 after buying an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on CHTR shares. Barclays increased their target price on shares of Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a research report on Monday, November 4th. Benchmark raised their price objective on Charter Communications from $440.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Royal Bank of Canada reduced their target price on Charter Communications from $390.00 to $380.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 15th. 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 report on Monday, November 4th. Finally, Wells Fargo & Company upped their price objective 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. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Charter Communications presently has a consensus rating of “Hold” and an average target price of $383.89.

Read Our Latest Stock Analysis on CHTR

Charter Communications Stock Down 6.3 %

Shares of CHTR opened at $336.62 on Friday. The company has a market capitalization of $47.87 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 0.46 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 stock’s 50-day moving average price is $365.08 and its 200-day moving average price is $352.75. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24.

Charter Communications (NASDAQ:CHTRGet Free Report) last released its quarterly earnings data on Friday, November 1st. The company reported $8.82 EPS for the quarter, topping the consensus estimate of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The business had revenue of $13.80 billion for the quarter, compared to analyst estimates of $13.66 billion. During the same quarter in the prior year, the firm posted $8.25 EPS. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, sell-side analysts predict that Charter Communications, Inc. will post 34.62 EPS for the current 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.

Further Reading

Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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