Sage Investment Counsel LLC Invests $387,000 in Charter Communications, Inc. (NASDAQ:CHTR)

Sage Investment Counsel LLC purchased a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,129 shares of the company’s stock, valued at approximately $387,000.

A number of other institutional investors also recently modified their holdings of the business. Chemistry Wealth Management LLC raised its holdings in shares of Charter Communications by 4.8% during the 4th quarter. Chemistry Wealth Management LLC now owns 660 shares of the company’s stock worth $226,000 after buying an additional 30 shares in the last quarter. US Bancorp DE raised its holdings in shares of Charter Communications by 0.4% during the 3rd quarter. US Bancorp DE now owns 7,370 shares of the company’s stock worth $2,388,000 after buying an additional 31 shares in the last quarter. Allworth Financial LP grew its position in Charter Communications by 16.4% during the 4th quarter. Allworth Financial LP now owns 256 shares of the company’s stock worth $90,000 after acquiring an additional 36 shares during the last quarter. Brooklyn Investment Group grew its position in Charter Communications by 5.8% during the 4th quarter. Brooklyn Investment Group now owns 671 shares of the company’s stock worth $230,000 after acquiring an additional 37 shares during the last quarter. Finally, Avior Wealth Management LLC grew its position in 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 last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Up 1.3 %

Shares of NASDAQ:CHTR opened at $363.57 on Friday. The company has a market capitalization of $51.70 billion, a price-to-earnings ratio of 10.40, a P/E/G ratio of 0.44 and a beta of 1.11. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The business’s 50-day moving average is $352.29 and its 200-day moving average is $353.72. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 prior year, the business posted $7.07 EPS. Equities research analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CHTR shares. Royal Bank of Canada boosted their price objective on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Wells Fargo & Company boosted their price objective on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Barclays boosted their price objective on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Bank of America upgraded 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 research report on Monday, November 4th. Finally, Pivotal Research boosted their price objective on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Charter Communications presently has an average rating of “Hold” and an average target price of $384.42.

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.