Argyle Capital Management LLC Has $423,000 Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Argyle Capital Management LLC lowered its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 2.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,234 shares of the company’s stock after selling 36 shares during the quarter. Argyle Capital Management LLC’s holdings in Charter Communications were worth $423,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CHTR. Reston Wealth Management LLC acquired a new stake in Charter Communications during the third quarter worth approximately $26,000. Ashton Thomas Securities LLC bought a new stake in shares of Charter Communications during the 3rd quarter valued at $28,000. Avior Wealth Management LLC grew 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 purchasing an additional 45 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of Charter Communications in the fourth quarter worth $32,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in Charter Communications in the fourth quarter valued at about $45,000. Institutional investors own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada increased their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. Pivotal Research increased their price target 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. Bank of America upgraded shares of Charter Communications from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $385.00 to $450.00 in a research report on Monday, November 4th. JPMorgan Chase & Co. raised their target price on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $384.42.

Charter Communications Trading Up 1.6 %

CHTR opened at $359.04 on Friday. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The company’s 50 day moving average price is $352.05 and its two-hundred day moving average price is $353.63. The firm has a market capitalization of $51.05 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 0.44 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data 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 previous year, the business earned $7.07 EPS. As a group, research analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

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.