Charter Communications, Inc. (NASDAQ:CHTR) Stock Position Decreased by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC decreased its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 11.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,259 shares of the company’s stock after selling 283 shares during the period. Frank Rimerman Advisors LLC’s holdings in Charter Communications were worth $774,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Wintrust Investments LLC increased its holdings in shares of Charter Communications by 39.1% during the 4th quarter. Wintrust Investments LLC now owns 306 shares of the company’s stock valued at $105,000 after acquiring an additional 86 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Charter Communications by 13.2% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 26,245 shares of the company’s stock valued at $9,007,000 after acquiring an additional 3,056 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of Charter Communications by 36.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 1,083 shares of the company’s stock valued at $371,000 after acquiring an additional 289 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Charter Communications by 5.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 622 shares of the company’s stock valued at $213,000 after acquiring an additional 34 shares during the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of Charter Communications by 20.2% during the 4th quarter. HighTower Advisors LLC now owns 28,971 shares of the company’s stock valued at $9,930,000 after acquiring an additional 4,862 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Price Performance

Charter Communications stock opened at $351.50 on Friday. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market capitalization of $49.98 billion, a PE ratio of 10.05, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27. The business has a 50 day simple moving average of $355.59 and a 200 day simple moving average of $354.72.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, February 7th. The company reported $10.10 EPS 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 posted $7.07 earnings per share. On average, sell-side analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analyst Ratings Changes

CHTR has been the topic of a number of analyst reports. Benchmark reissued a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price on the stock in a report on Tuesday, November 26th. Barclays raised their target price on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Royal Bank of Canada raised their target price on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Finally, Citigroup began coverage on Charter Communications in a report on Friday. They issued a “buy” rating and a $425.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $388.37.

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.