EP Wealth Advisors LLC Sells 155 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

EP Wealth Advisors LLC trimmed its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 11.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,166 shares of the company’s stock after selling 155 shares during the quarter. EP Wealth Advisors LLC’s holdings in Charter Communications were worth $339,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Aspiriant LLC increased its position in Charter Communications by 2.3% in the fourth quarter. Aspiriant LLC now owns 1,533 shares of the company’s stock worth $596,000 after purchasing an additional 35 shares during the period. Axxcess Wealth Management LLC increased its position in Charter Communications by 5.8% in the fourth quarter. Axxcess Wealth Management LLC now owns 660 shares of the company’s stock worth $257,000 after purchasing an additional 36 shares during the period. Summit Trail Advisors LLC increased its position in Charter Communications by 2.2% in the fourth quarter. Summit Trail Advisors LLC now owns 1,783 shares of the company’s stock worth $693,000 after purchasing an additional 39 shares during the period. Perigon Wealth Management LLC grew its position in shares of Charter Communications by 1.2% during the 4th quarter. Perigon Wealth Management LLC now owns 3,461 shares of the company’s stock worth $1,345,000 after buying an additional 40 shares during the period. Finally, Gulf International Bank UK Ltd grew its position in shares of Charter Communications by 0.5% during the 1st quarter. Gulf International Bank UK Ltd now owns 8,067 shares of the company’s stock worth $2,344,000 after buying an additional 40 shares during the period. 81.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

CHTR has been the subject of several analyst reports. Loop Capital decreased their target price on Charter Communications from $335.00 to $285.00 and set a “hold” rating for the company in a research report on Monday, April 29th. Rosenblatt Securities decreased their target price on Charter Communications from $297.00 to $292.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. Bank of America decreased their target price on Charter Communications from $315.00 to $300.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. The Goldman Sachs Group initiated coverage on Charter Communications in a research report on Monday, July 1st. They set a “sell” rating and a $250.00 target price for the company. Finally, Wells Fargo & Company decreased 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. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $331.80.

Charter Communications Stock Up 16.6 %

NASDAQ CHTR traded up $52.39 during trading on Friday, hitting $367.62. The stock had a trading volume of 4,962,708 shares, compared to its average volume of 1,439,480. The company has a market capitalization of $52.95 billion, a PE ratio of 11.89, a P/E/G ratio of 1.41 and a beta of 1.04. The company’s 50-day moving average price is $292.90 and its two-hundred day moving average price is $296.15. The company has a debt-to-equity ratio of 6.28, a quick ratio of 0.40 and a current ratio of 0.40. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $458.30.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, July 26th. The company reported $8.49 EPS for the quarter, beating the consensus estimate of $7.55 by $0.94. The firm had revenue of $13.69 billion for the quarter, compared to analysts’ expectations of $13.59 billion. Charter Communications had a return on equity of 31.42% and a net margin of 8.50%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $8.05 EPS. As a group, sell-side analysts forecast that Charter Communications, Inc. will post 30.5 EPS for the current year.

About Charter Communications

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.