Catalyst Capital Advisors LLC Decreases Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Catalyst Capital Advisors LLC lowered its position in Charter Communications, Inc. (NASDAQ:CHTR) by 88.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 110 shares of the company’s stock after selling 874 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Charter Communications were worth $38,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Reston Wealth Management LLC purchased a new stake in Charter Communications in the 3rd quarter worth about $26,000. Ashton Thomas Securities LLC purchased a new stake in Charter Communications in the 3rd quarter worth about $28,000. Avior Wealth Management LLC increased its holdings in Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after acquiring an additional 45 shares during the last quarter. Sierra Ocean LLC bought a new position in Charter Communications in the 4th quarter worth about $32,000. Finally, Wingate Wealth Advisors Inc. bought a new position in Charter Communications in the 4th quarter worth about $45,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

NASDAQ:CHTR opened at $361.74 on Wednesday. The business has a 50 day moving average of $354.08 and a 200 day moving average of $353.62. The company has a market capitalization of $51.44 billion, a price-to-earnings ratio of 10.35, a PEG ratio of 0.43 and a beta of 1.11. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.34.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same period in the prior year, the business posted $7.07 earnings per share. On average, sell-side analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CHTR has been the subject of several analyst reports. Royal Bank of Canada raised their target price on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. raised their target price on Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Barclays raised their target price on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. Pivotal Research raised their target price on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company raised their target price on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $384.42.

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.