Weik Capital Management Trims Position in Charter Communications, Inc. (NASDAQ:CHTR)

Weik Capital Management lowered its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,383 shares of the company’s stock after selling 70 shares during the period. Weik Capital Management’s holdings in Charter Communications were worth $1,160,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Avior Wealth Management LLC lifted its holdings in shares of Charter Communications by 104.7% during 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 period. Sierra Ocean LLC acquired a new position in Charter Communications during the fourth quarter worth approximately $32,000. Generali Asset Management SPA SGR purchased a new position in Charter Communications during the fourth quarter worth approximately $36,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Charter Communications in the 4th quarter valued at $45,000. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Charter Communications during the 4th quarter valued at $55,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Stock Down 0.7 %

Shares of NASDAQ:CHTR opened at $382.02 on Friday. The firm has a market cap of $54.32 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. The company has a fifty day simple moving average of $359.35 and a 200 day simple moving average of $356.14. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27.

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 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 in the prior year, the company posted $7.07 earnings per share. On average, equities research analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price on the stock in a report on Thursday, December 12th. Royal Bank of Canada boosted their target price on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Benchmark restated a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. Barclays boosted their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. Finally, StockNews.com downgraded shares of Charter Communications from a “buy” rating to a “hold” rating in a research note on Wednesday. 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 stock has a consensus rating of “Hold” and an average price target of $389.39.

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.