Summit Trail Advisors LLC Buys 265 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Summit Trail Advisors LLC increased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 14.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,091 shares of the company’s stock after purchasing an additional 265 shares during the quarter. Summit Trail Advisors LLC’s holdings in Charter Communications were worth $717,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CHTR. Reston Wealth Management LLC bought a new stake in shares of Charter Communications during the 3rd quarter worth approximately $26,000. Ashton Thomas Securities LLC acquired a new position in Charter Communications during the third quarter valued at approximately $28,000. Avior Wealth Management LLC lifted its stake in Charter Communications by 104.7% during the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after purchasing an additional 45 shares during the last quarter. Grove Bank & Trust boosted its holdings in shares of Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after purchasing an additional 34 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of Charter Communications in the 4th quarter valued at $45,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Stock Performance

Shares of CHTR stock opened at $350.92 on Wednesday. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.34. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27. The business’s 50 day simple moving average is $357.80 and its 200 day simple moving average is $354.31. The stock has a market capitalization of $49.90 billion, a PE ratio of 10.04, a PEG ratio of 0.43 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR) last posted 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 net margin of 9.23% and a return on equity of 29.01%. During the same period last year, the company posted $7.07 EPS. As a group, research analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CHTR shares. Bank of America upgraded Charter Communications from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $385.00 to $450.00 in a research report on Monday, November 4th. Barclays increased their target price on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a report on Monday, November 4th. BNP Paribas raised shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective for the company in a research note on Tuesday, November 26th. Finally, Benchmark reaffirmed a “buy” rating and set a $450.00 target price on shares of Charter Communications in a research note on Friday, January 31st. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Charter Communications presently has a consensus rating of “Hold” and an average price target of $384.42.

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.