Circle Wealth Management LLC Cuts Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Circle Wealth Management LLC cut its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 4.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,613 shares of the company’s stock after selling 134 shares during the period. Circle Wealth Management LLC’s holdings in Charter Communications were worth $847,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Reston Wealth Management LLC acquired a new stake in Charter Communications during the third quarter worth about $26,000. Ashton Thomas Securities LLC purchased a new stake in shares of Charter Communications during the 3rd quarter worth about $28,000. CVA Family Office LLC increased its position in Charter Communications by 5,500.0% during the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock worth $33,000 after purchasing an additional 110 shares in the last quarter. Grove Bank & Trust raised its holdings in Charter Communications by 39.1% in the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after buying an additional 34 shares during the period. Finally, Massmutual Trust Co. FSB ADV lifted its position in Charter Communications by 109.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock valued at $48,000 after buying an additional 83 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CHTR has been the subject of several recent research reports. Pivotal Research increased their price objective on shares of Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Wolfe Research downgraded Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target for the company. in a report on Monday, September 30th. Royal Bank of Canada boosted their price objective on Charter Communications from $345.00 to $390.00 and gave the stock a “sector perform” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised their target price on Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a report on Monday, November 4th. Finally, Bank of America upgraded Charter Communications from a “neutral” rating to a “buy” rating and upped their price target for the stock from $385.00 to $450.00 in a report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Charter Communications currently has a consensus rating of “Hold” and a consensus target price of $378.00.

Charter Communications Stock Up 1.8 %

Shares of Charter Communications stock opened at $396.96 on Friday. The firm has a market cap of $56.45 billion, a P/E ratio of 12.43, a P/E/G ratio of 0.62 and a beta of 1.03. The business has a 50-day moving average price of $353.45 and a 200 day moving average price of $329.20. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, beating the consensus estimate of $8.55 by $0.27. The business had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $8.25 EPS. On average, sell-side analysts forecast that Charter Communications, Inc. will post 32.87 earnings per share 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.