FRG Family Wealth Advisors LLC Acquires New Shares in Charter Communications, Inc. $CHTR

FRG Family Wealth Advisors LLC acquired a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the second quarter, HoldingsChannel reports. The fund acquired 522 shares of the company’s stock, valued at approximately $213,000.

A number of other institutional investors have also recently bought and sold shares of CHTR. SouthState Corp acquired a new stake in Charter Communications during the first quarter valued at $25,000. Salem Investment Counselors Inc. boosted its position in Charter Communications by 2,033.3% during the second quarter. Salem Investment Counselors Inc. now owns 64 shares of the company’s stock valued at $26,000 after purchasing an additional 61 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in Charter Communications during the second quarter valued at $28,000. SBI Securities Co. Ltd. boosted its position in Charter Communications by 93.2% during the first quarter. SBI Securities Co. Ltd. now owns 85 shares of the company’s stock valued at $31,000 after purchasing an additional 41 shares during the last quarter. Finally, Strengthening Families & Communities LLC acquired a new stake in Charter Communications during the first quarter valued at $33,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Price Performance

NASDAQ CHTR opened at $241.56 on Thursday. Charter Communications, Inc. has a twelve month low of $238.62 and a twelve month high of $437.06. The company has a debt-to-equity ratio of 4.57, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market capitalization of $32.99 billion, a PE ratio of 6.61, a P/E/G ratio of 0.57 and a beta of 1.05. The stock has a 50-day simple moving average of $263.48 and a 200 day simple moving average of $330.06.

Analyst Upgrades and Downgrades

CHTR has been the subject of a number of analyst reports. Bank of America reduced their price target on Charter Communications from $440.00 to $355.00 and set a “buy” rating for the company in a research report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft reduced their price target on Charter Communications from $370.00 to $325.00 and set a “hold” rating for the company in a research report on Monday, October 6th. Citigroup initiated coverage on Charter Communications in a research report on Monday, October 6th. They issued a “buy” rating and a $325.00 price target for the company. Royal Bank Of Canada reduced their price target on Charter Communications from $370.00 to $325.00 and set a “sector perform” rating for the company in a research report on Monday, October 6th. Finally, Barclays reduced their price target on Charter Communications from $341.00 to $275.00 and set an “underweight” rating for the company in a research report on Monday, July 28th. Eight research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Charter Communications has an average rating of “Hold” and a consensus price target of $373.71.

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.