Charter Communications, Inc. (CHTR) Position Increased by TRUE Private Wealth Advisors
TRUE Private Wealth Advisors increased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 16.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,353 shares of the company’s stock after buying an additional 191 shares during the period. TRUE Private Wealth Advisors’ holdings in Charter Communications were worth $454,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Huntington National Bank purchased a new stake in Charter Communications during the third quarter worth $128,000. CLS Investments LLC boosted its holdings in Charter Communications by 4,733.3% during the third quarter. CLS Investments LLC now owns 435 shares of the company’s stock worth $158,000 after buying an additional 426 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Charter Communications during the third quarter worth $180,000. Fieldpoint Private Securities LLC purchased a new stake in Charter Communications during the third quarter worth $209,000. Finally, Linscomb & Williams Inc. purchased a new stake in Charter Communications during the third quarter worth $211,000. 72.15% of the stock is currently owned by hedge funds and other institutional investors.
Charter Communications, Inc. (CHTR) opened at $366.05 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.55. The stock has a market cap of $90,804.80, a price-to-earnings ratio of 124.09, a price-to-earnings-growth ratio of 2.59 and a beta of 1.05. Charter Communications, Inc. has a twelve month low of $306.16 and a twelve month high of $408.83.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.77). The company had revenue of $10.46 billion for the quarter, compared to analysts’ expectations of $10.49 billion. Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.69 earnings per share. equities research analysts predict that Charter Communications, Inc. will post 2.21 EPS for the current year.
A number of analysts recently issued reports on CHTR shares. Zacks Investment Research downgraded shares of Charter Communications from a “hold” rating to a “sell” rating in a report on Thursday. Robert W. Baird reissued a “hold” rating and set a $365.00 price target on shares of Charter Communications in a report on Wednesday, October 4th. Royal Bank of Canada reissued a “buy” rating and set a $400.00 price target on shares of Charter Communications in a report on Thursday, November 2nd. Buckingham Research started coverage on shares of Charter Communications in a report on Wednesday, December 13th. They set a “buy” rating and a $415.00 price target on the stock. Finally, Guggenheim raised shares of Charter Communications from a “neutral” rating to a “buy” rating in a report on Wednesday, January 3rd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $382.53.
In other Charter Communications news, CFO Christopher L. Winfrey purchased 3,100 shares of the firm’s stock in a transaction dated Monday, October 30th. The shares were purchased at an average cost of $323.61 per share, with a total value of $1,003,191.00. Following the completion of the purchase, the chief financial officer now owns 49,916 shares in the company, valued at approximately $16,153,316.76. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.56% of the company’s stock.
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Charter Communications Company Profile
Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.
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