Charter Communications, Inc. (NASDAQ:CHTR) Shares Acquired by Avestar Capital LLC

Avestar Capital LLC grew its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 6.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 885 shares of the company’s stock after buying an additional 55 shares during the quarter. Avestar Capital LLC’s holdings in Charter Communications were worth $303,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CHTR. Reston Wealth Management LLC acquired a new position in shares of Charter Communications in the 3rd quarter valued at about $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Charter Communications in the 3rd quarter valued at about $28,000. Avior Wealth Management LLC lifted its holdings in shares of Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after buying an additional 45 shares during the period. Wingate Wealth Advisors Inc. acquired a new position in shares of Charter Communications in the 4th quarter valued at about $45,000. Finally, Capital Advisors Ltd. LLC lifted its holdings in shares of Charter Communications by 28.7% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock valued at $51,000 after buying an additional 35 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CHTR. KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target for the company in a research note on Thursday, December 12th. Bank of America upgraded Charter Communications from a “neutral” rating to a “buy” rating and lifted their price target for the company from $385.00 to $450.00 in a research note on Monday, November 4th. Morgan Stanley lifted their price target on Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft lifted their price target on Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company lifted their price target on Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Four equities research 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. Based on data from MarketBeat.com, Charter Communications presently has an average rating of “Hold” and an average target price of $384.42.

Charter Communications Price Performance

CHTR stock opened at $360.27 on Friday. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.34. The business has a 50 day simple moving average of $355.05 and a 200-day simple moving average of $354.24. The firm has a market capitalization of $51.23 billion, a PE ratio of 10.31, a price-to-earnings-growth ratio of 0.43 and a beta of 1.11. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, February 7th. The company reported $10.10 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 previous year, the firm earned $7.07 EPS. Equities research analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

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.