Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Blue Trust Inc.

Blue Trust Inc. lessened its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,910 shares of the company’s stock after selling 158 shares during the quarter. Blue Trust Inc.’s holdings in Charter Communications were worth $3,397,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in CHTR. Reston Wealth Management LLC purchased a new stake in shares of Charter Communications during the third quarter worth approximately $26,000. Ashton Thomas Securities LLC purchased a new stake in shares of Charter Communications during the third quarter worth approximately $28,000. Avior Wealth Management LLC increased its stake in shares of 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 buying an additional 45 shares during the period. Wingate Wealth Advisors Inc. purchased a new stake in shares of Charter Communications during the fourth quarter worth approximately $45,000. Finally, Capital Advisors Ltd. LLC increased its stake in shares of Charter Communications by 28.7% during the third quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock worth $51,000 after buying an additional 35 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Price Performance

Shares of NASDAQ CHTR 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 stock has a fifty day moving average price of $355.05 and a 200 day moving average price of $354.24. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27. The company has a market cap of $51.23 billion, a PE ratio of 10.31, a P/E/G ratio of 0.43 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the firm earned $7.07 earnings per share. Sell-side analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CHTR shares. KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price on the stock in a research note on Thursday, December 12th. JPMorgan Chase & Co. increased their price target on shares of Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Wells Fargo & Company increased their price target on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price target on the stock in a research note on Tuesday, November 26th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Charter Communications presently has a consensus rating of “Hold” and an average target price of $384.42.

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.