Institute for Wealth Management LLC. Has $457,000 Position in Charter Communications, Inc. (NASDAQ:CHTR)

Institute for Wealth Management LLC. lifted its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,175 shares of the company’s stock after purchasing an additional 42 shares during the period. Institute for Wealth Management LLC.’s holdings in Charter Communications were worth $457,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CHTR. Janiczek Wealth Management LLC grew its holdings in Charter Communications by 168.0% during the 3rd quarter. Janiczek Wealth Management LLC now owns 67 shares of the company’s stock worth $29,000 after acquiring an additional 42 shares during the period. Catalyst Capital Advisors LLC grew its holdings in Charter Communications by 32.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company’s stock worth $49,000 after acquiring an additional 27 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new stake in Charter Communications during the 4th quarter worth $44,000. NBC Securities Inc. acquired a new stake in Charter Communications during the 3rd quarter worth $56,000. Finally, Bourgeon Capital Management LLC grew its holdings in Charter Communications by 219.5% during the 4th quarter. Bourgeon Capital Management LLC now owns 131 shares of the company’s stock worth $51,000 after acquiring an additional 90 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Trading Up 2.0 %

Shares of NASDAQ:CHTR opened at $265.21 on Friday. The company’s 50-day moving average price is $284.26 and its two-hundred day moving average price is $353.57. The company has a debt-to-equity ratio of 6.51, a current ratio of 0.31 and a quick ratio of 0.31. Charter Communications, Inc. has a one year low of $254.31 and a one year high of $458.30. The stock has a market capitalization of $38.52 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of 0.45 and a beta of 0.96.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, February 2nd. The company reported $7.07 EPS for the quarter, missing the consensus estimate of $8.76 by ($1.69). Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. The business had revenue of $13.71 billion for the quarter, compared to the consensus estimate of $13.70 billion. During the same period last year, the firm earned $7.69 earnings per share. The company’s quarterly revenue was up .3% compared to the same quarter last year. On average, equities analysts forecast that Charter Communications, Inc. will post 32.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. UBS Group lowered their target price on shares of Charter Communications from $360.00 to $325.00 and set a “neutral” rating for the company in a report on Thursday, March 28th. Benchmark decreased their price target on shares of Charter Communications from $490.00 to $440.00 and set a “buy” rating for the company in a report on Monday, February 5th. JPMorgan Chase & Co. decreased their price target on shares of Charter Communications from $370.00 to $335.00 and set a “neutral” rating for the company in a report on Monday, April 1st. Wells Fargo & Company decreased their price target on shares of Charter Communications from $340.00 to $290.00 and set an “equal weight” rating for the company in a report on Friday, April 5th. Finally, Pivotal Research decreased their price target on shares of Charter Communications from $500.00 to $450.00 and set a “buy” rating for the company in a report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Charter Communications currently has an average rating of “Hold” and an average target price of $380.80.

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.