Corient Private Wealth LLC Decreases Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Corient Private Wealth LLC cut its position in Charter Communications, Inc. (NASDAQ:CHTR) by 5.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,457 shares of the company’s stock after selling 721 shares during the quarter. Corient Private Wealth LLC’s holdings in Charter Communications were worth $3,927,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Thrivent Financial for Lutherans boosted its stake in Charter Communications by 146.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 9,734 shares of the company’s stock valued at $3,154,000 after acquiring an additional 5,782 shares during the last quarter. Quest Partners LLC bought a new position in Charter Communications during the 3rd quarter valued at $616,000. Pathstone Holdings LLC boosted its stake in Charter Communications by 5.0% during the 3rd quarter. Pathstone Holdings LLC now owns 9,277 shares of the company’s stock valued at $3,006,000 after acquiring an additional 440 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Charter Communications during the 3rd quarter valued at $1,297,000. Finally, Intech Investment Management LLC boosted its stake in Charter Communications by 52.8% during the 3rd quarter. Intech Investment Management LLC now owns 2,959 shares of the company’s stock valued at $959,000 after acquiring an additional 1,023 shares during the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Barclays increased their target price on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. Benchmark reissued a “buy” rating and set a $450.00 target price on shares of Charter Communications in a report on Friday, January 31st. StockNews.com raised shares of Charter Communications from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th. Royal Bank of Canada increased their target price on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Finally, Citigroup assumed coverage on shares of Charter Communications in a report on Friday, March 14th. They set a “buy” rating and a $425.00 target price on the stock. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $389.39.

Charter Communications Stock Up 0.3 %

Charter Communications stock opened at $363.81 on Friday. The stock has a market cap of $51.73 billion, a price-to-earnings ratio of 10.41, a PEG ratio of 0.44 and a beta of 1.13. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The company’s 50-day moving average price is $356.74 and its two-hundred day moving average price is $355.00. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27.

Charter Communications (NASDAQ:CHTR) last released its earnings results 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 quarter in the previous year, the business posted $7.07 EPS. On average, analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Charter Communications Company 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.