Reston Wealth Management LLC Buys Shares of 80 Charter Communications, Inc. (NASDAQ:CHTR)

Reston Wealth Management LLC purchased a new position in Charter Communications, Inc. (NASDAQ:CHTR) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 80 shares of the company’s stock, valued at approximately $26,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CHTR. Savant Capital LLC lifted its stake in shares of Charter Communications by 1.7% in the 2nd quarter. Savant Capital LLC now owns 1,859 shares of the company’s stock valued at $556,000 after purchasing an additional 31 shares during the last quarter. US Bancorp DE boosted its stake in 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 purchasing an additional 31 shares during the period. B. Riley Wealth Advisors Inc. boosted its stake in Charter Communications by 3.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company’s stock worth $314,000 after purchasing an additional 32 shares during the period. Grove Bank & Trust boosted its stake in Charter Communications by 39.1% during the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after purchasing an additional 34 shares during the period. Finally, CVA Family Office LLC boosted its stake in Charter Communications by 31.3% during the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after purchasing an additional 35 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

CHTR has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Charter Communications from $300.00 to $325.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Wolfe Research downgraded shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price objective for the company. in a research report on Monday, September 30th. Bank of America upped their price objective on shares of Charter Communications from $360.00 to $385.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Raymond James downgraded shares of Charter Communications from a “market perform” rating to an “underperform” rating in a report on Monday, July 29th. Finally, Rosenblatt Securities increased their price target on shares of Charter Communications from $292.00 to $329.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $356.41.

Charter Communications Price Performance

Shares of Charter Communications stock opened at $366.49 on Friday. The company’s 50-day moving average price is $333.06 and its two-hundred day moving average price is $311.61. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 5.84. The stock has a market cap of $52.31 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 0.60 and a beta of 1.05. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $424.86.

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.