Charter Communications, Inc. (NASDAQ:CHTR) Position Cut by Aspen Wealth Strategies LLC

Aspen Wealth Strategies LLC trimmed its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 50.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 683 shares of the company’s stock after selling 682 shares during the quarter. Aspen Wealth Strategies LLC’s holdings in Charter Communications were worth $234,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CHTR. Cibc World Markets Corp raised its stake in shares of Charter Communications by 3.1% during the fourth quarter. Cibc World Markets Corp now owns 67,032 shares of the company’s stock valued at $22,977,000 after purchasing an additional 2,017 shares in the last quarter. Gallacher Capital Management LLC raised its stake in shares of Charter Communications by 11.3% during the fourth quarter. Gallacher Capital Management LLC now owns 807 shares of the company’s stock valued at $277,000 after purchasing an additional 82 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Charter Communications by 8.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,293 shares of the company’s stock valued at $443,000 after purchasing an additional 98 shares in the last quarter. Choate Investment Advisors bought a new stake in shares of Charter Communications during the fourth quarter valued at about $219,000. Finally, Wintrust Investments LLC raised its stake in shares of Charter Communications by 39.1% during the fourth quarter. Wintrust Investments LLC now owns 306 shares of the company’s stock valued at $105,000 after purchasing an additional 86 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Trading Up 0.7 %

Shares of CHTR opened at $354.08 on Tuesday. The business’s 50-day moving average price is $355.69 and its 200 day moving average price is $354.73. The stock has a market capitalization of $50.35 billion, a P/E ratio of 10.13, a P/E/G ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating 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 previous year, the firm posted $7.07 EPS. Analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Citigroup assumed coverage on shares of Charter Communications in a research note on Friday. They set a “buy” rating and a $425.00 price objective on the stock. Benchmark reaffirmed a “buy” rating and set a $450.00 target price on shares of Charter Communications in a report on Friday, January 31st. Royal Bank of Canada lifted their target price on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. KeyCorp raised Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price on the stock in a report on Thursday, December 12th. Finally, Barclays lifted their target price on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $388.37.

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.