Charter Communications, Inc. $CHTR Stock Holdings Increased by IFP Advisors Inc

IFP Advisors Inc raised its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 558.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,029 shares of the company’s stock after buying an additional 15,290 shares during the period. IFP Advisors Inc’s holdings in Charter Communications were worth $1,999,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CHTR. Vontobel Holding Ltd. increased its holdings in shares of Charter Communications by 21.7% in the 3rd quarter. Vontobel Holding Ltd. now owns 121,854 shares of the company’s stock valued at $13,514,000 after acquiring an additional 21,690 shares during the last quarter. TD Waterhouse Canada Inc. raised its position in shares of Charter Communications by 3,624.4% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 60,224 shares of the company’s stock worth $6,679,000 after acquiring an additional 58,607 shares in the last quarter. Hanson & Doremus Investment Management lifted its stake in Charter Communications by 1,282.6% during the third quarter. Hanson & Doremus Investment Management now owns 2,544 shares of the company’s stock worth $282,000 after purchasing an additional 2,360 shares during the last quarter. Pension & Wealth Management Advisors Inc. purchased a new stake in Charter Communications during the third quarter worth approximately $77,000. Finally, Chemistry Wealth Management LLC lifted its stake in Charter Communications by 42.4% during the third quarter. Chemistry Wealth Management LLC now owns 2,812 shares of the company’s stock worth $312,000 after purchasing an additional 837 shares during the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Barclays dropped their price target on shares of Charter Communications from $130.00 to $115.00 and set an “underweight” rating on the stock in a research note on Monday, July 27th. The Goldman Sachs Group cut their price objective on shares of Charter Communications from $120.00 to $110.00 and set a “sell” rating on the stock in a report on Friday, September 25th. Bank of America restated a “buy” rating on shares of Charter Communications in a research report on Monday, July 27th. Zacks Research upgraded shares of Charter Communications from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, Benchmark restated a “buy” rating on shares of Charter Communications in a report on Wednesday, July 22nd. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and seven have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $202.53.

Charter Communications Price Performance

Shares of NASDAQ CHTR opened at $107.26 on Thursday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.32. Charter Communications, Inc. has a twelve month low of $101.63 and a twelve month high of $254.11. The stock has a 50 day moving average of $130.26 and a two-hundred day moving average of $147.05. The stock has a market cap of $12.79 billion, a P/E ratio of 2.86, a P/E/G ratio of 0.23 and a beta of 0.70.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, July 24th. The company reported $10.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.98 by $0.68. The business had revenue of $13.53 billion for the quarter, compared to analyst estimates of $13.51 billion. Charter Communications had a net margin of 9.05% and a return on equity of 23.71%. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period last year, the firm posted $9.18 earnings per share. On average, research analysts forecast that Charter Communications, Inc. will post 42.92 earnings per share for the current year.

Charter Communications Profile

Charter Communications, Inc is a telecommunications and broadband services company that operates under the Spectrum brand. The company provides internet access, video entertainment, mobile communications and voice services to residential customers, as well as connectivity, data networking, cloud, security and other communications solutions to businesses and government organizations.

Charter operates one of the largest broadband networks in the United States, serving customers across dozens of states.