Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC decreased its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 5.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,759 shares of the company’s stock after selling 159 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Charter Communications were worth $946,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CHTR. Reston Wealth Management LLC purchased a new stake in shares of Charter Communications in the third quarter valued at approximately $26,000. Ashton Thomas Securities LLC acquired a new stake in Charter Communications in the third quarter valued at $28,000. Grove Bank & Trust boosted its position in shares of Charter Communications by 39.1% during the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after purchasing an additional 34 shares in the last quarter. CVA Family Office LLC grew its stake in shares of Charter Communications by 31.3% during the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after purchasing an additional 35 shares during the period. Finally, Capital Advisors Ltd. LLC increased its holdings in shares of Charter Communications by 28.7% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock valued at $51,000 after purchasing an additional 35 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Up 0.5 %

Shares of NASDAQ CHTR opened at $348.00 on Thursday. The firm has a market cap of $49.48 billion, a P/E ratio of 10.90, a price-to-earnings-growth ratio of 0.60 and a beta of 1.10. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The firm’s 50 day moving average price is $373.30 and its 200 day moving average price is $348.74.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The business had revenue of $13.80 billion for the quarter, compared to analysts’ expectations of $13.66 billion. During the same quarter last year, the firm earned $8.25 earnings per share. The business’s revenue was up 1.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Charter Communications, Inc. will post 32.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CHTR has been the topic of a number of research analyst reports. Bank of America raised shares of Charter Communications from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $385.00 to $450.00 in a report on Monday, November 4th. Royal Bank of Canada decreased their price target on Charter Communications from $390.00 to $380.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Pivotal Research raised their price objective on Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Barclays boosted their target price on Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a research report on Monday, November 4th. Finally, Wells Fargo & Company raised their price target on Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Charter Communications currently has an average rating of “Hold” and a consensus price target of $383.89.

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.