Charter Communications, Inc. (NASDAQ:CHTR) Shares Bought by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC raised its holdings in Charter Communications, Inc. (NASDAQ:CHTRGet Rating) by 287.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 287 shares of the company’s stock after purchasing an additional 213 shares during the period. EverSource Wealth Advisors LLC’s holdings in Charter Communications were worth $156,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Bivin & Associates Inc. acquired a new position in shares of Charter Communications in the 4th quarter valued at approximately $26,000. Elequin Capital LP acquired a new stake in shares of Charter Communications during the 1st quarter valued at approximately $26,000. MCF Advisors LLC acquired a new stake in shares of Charter Communications during the 1st quarter valued at approximately $32,000. Family CFO Inc bought a new position in Charter Communications during the 4th quarter worth $53,000. Finally, DeDora Capital Inc. bought a new position in Charter Communications during the 1st quarter worth $49,000. 66.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CHTR has been the subject of a number of recent research reports. KeyCorp upped their price objective on Charter Communications from $555.00 to $592.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 24th. Argus downgraded Charter Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th. Atlantic Securities downgraded Charter Communications from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $755.00 to $477.00 in a research note on Monday, August 15th. Deutsche Bank Aktiengesellschaft lowered their price objective on Charter Communications from $575.00 to $550.00 and set a “hold” rating for the company in a research note on Monday, August 1st. Finally, Pivotal Research decreased their price target on Charter Communications from $585.00 to $560.00 in a research note on Monday, August 1st. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $622.21.

Charter Communications Trading Up 0.4 %

Shares of NASDAQ CHTR opened at $377.58 on Friday. Charter Communications, Inc. has a 12 month low of $371.61 and a 12 month high of $769.35. The company has a market cap of $60.66 billion, a price-to-earnings ratio of 12.13, a P/E/G ratio of 0.46 and a beta of 0.91. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 6.99. The business has a fifty day simple moving average of $444.30 and a 200-day simple moving average of $486.25.

Charter Communications (NASDAQ:CHTRGet Rating) last announced its earnings results on Friday, July 29th. The company reported $8.80 EPS for the quarter, beating the consensus estimate of $6.82 by $1.98. Charter Communications had a return on equity of 31.83% and a net margin of 10.35%. The business had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.42 billion. During the same period in the prior year, the business posted $5.29 earnings per share. Charter Communications’s revenue was up 6.2% compared to the same quarter last year. Sell-side analysts predict that Charter Communications, Inc. will post 32.27 EPS for the current year.

About Charter Communications

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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 video services, including video on demand, high-definition television, digital video recorder, pay-per-view services.

Further Reading

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

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