Centaurus Financial Inc. Sells 366 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Centaurus Financial Inc. reduced its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 53.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 316 shares of the company’s stock after selling 366 shares during the quarter. Centaurus Financial Inc.’s holdings in Charter Communications were worth $103,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CHTR. Reston Wealth Management LLC bought a new position in Charter Communications in the 3rd quarter worth $26,000. Ashton Thomas Securities LLC bought a new position in Charter Communications in the 3rd quarter worth $28,000. CVA Family Office LLC raised its holdings in Charter Communications by 5,500.0% in the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock worth $33,000 after purchasing an additional 110 shares in the last quarter. Grove Bank & Trust raised its holdings in Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after purchasing an additional 34 shares in the last quarter. Finally, Capital Advisors Ltd. LLC raised its holdings in Charter Communications by 28.7% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock worth $51,000 after purchasing an additional 35 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Price Performance

CHTR opened at $389.81 on Friday. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market capitalization of $55.43 billion, a P/E ratio of 12.21, a P/E/G ratio of 0.61 and a beta of 1.03. The company’s 50-day simple moving average is $352.12 and its two-hundred day simple moving average is $328.36. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.55 by $0.27. The business had revenue of $13.80 billion for the quarter, compared to analysts’ expectations of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $8.25 EPS. As a group, analysts predict that Charter Communications, Inc. will post 32.87 EPS for the current year.

Analyst Ratings Changes

CHTR has been the subject of several research reports. BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective for the company in a report on Tuesday. Wells Fargo & Company upped their target price on shares of Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. upped their target price on shares of Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Finally, Citigroup raised shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 target price on the stock in a research report on Wednesday, September 11th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $378.00.

Charter Communications 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.