Kestra Investment Management LLC Buys Shares of 264 Charter Communications, Inc. (NASDAQ:CHTR)

Kestra Investment Management LLC purchased a new position in Charter Communications, Inc. (NASDAQ:CHTR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 264 shares of the company’s stock, valued at approximately $90,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CHTR. Reston Wealth Management LLC purchased a new position in shares of Charter Communications in the 3rd quarter worth $26,000. Ashton Thomas Securities LLC purchased a new position in shares of Charter Communications in the 3rd quarter worth $28,000. Avior Wealth Management LLC boosted its stake in shares of 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 buying an additional 45 shares during the last quarter. Sierra Ocean LLC bought a new position in Charter Communications in the 4th quarter worth $32,000. Finally, Wingate Wealth Advisors Inc. bought a new position in Charter Communications in the 4th quarter worth $45,000. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CHTR has been the topic of a number of recent research reports. 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 report on Monday, November 4th. Morgan Stanley raised their target price on Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. 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 report 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 report on Monday, February 3rd. Finally, 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 report on Monday, February 3rd. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $384.42.

Charter Communications Trading Up 0.4 %

Shares of CHTR stock opened at $363.01 on Friday. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. 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 stock’s 50-day moving average price is $352.91 and its 200-day moving average price is $353.66. The stock has a market capitalization of $51.62 billion, a price-to-earnings ratio of 10.38, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, topping the consensus estimate 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 previous year, the business earned $7.07 EPS. Equities research analysts predict that Charter Communications, Inc. will post 38.16 EPS 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.