EverSource Wealth Advisors LLC Acquires 34 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

EverSource Wealth Advisors LLC increased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 622 shares of the company’s stock after purchasing an additional 34 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Charter Communications were worth $213,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. FMR LLC boosted its position in Charter Communications by 27.7% during the third quarter. FMR LLC now owns 1,064,948 shares of the company’s stock valued at $345,128,000 after acquiring an additional 230,817 shares during the last quarter. Fernbridge Capital Management LP bought a new stake in Charter Communications during the third quarter valued at $48,200,000. Franklin Resources Inc. boosted its position in Charter Communications by 4.9% during the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock valued at $1,052,868,000 after acquiring an additional 148,003 shares during the last quarter. Amundi boosted its position in Charter Communications by 62.0% during the fourth quarter. Amundi now owns 288,559 shares of the company’s stock valued at $100,799,000 after acquiring an additional 110,410 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in Charter Communications during the fourth quarter valued at $33,485,000. Institutional investors own 81.76% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target on the stock in a research report on Thursday, December 12th. Royal Bank of Canada upped their price target on shares of Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. Barclays increased their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. BNP Paribas raised shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective on the stock in a research report on Tuesday, November 26th. Finally, Benchmark reissued a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a research report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $388.37.

Charter Communications Trading Up 1.8 %

CHTR opened at $351.50 on Monday. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market capitalization of $49.98 billion, a PE ratio of 10.05, a P/E/G ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The company’s 50-day moving average is $355.59 and its 200 day moving average is $354.71.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, February 7th. The company reported $10.10 EPS for the quarter, beating the consensus estimate of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same period last year, the business posted $7.07 earnings per share. As a group, research analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

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.