B. Riley Wealth Advisors Inc. Has $294,000 Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

B. Riley Wealth Advisors Inc. decreased its position in Charter Communications, Inc. (NASDAQ:CHTR) by 13.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 909 shares of the company’s stock after selling 142 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Charter Communications were worth $294,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Reston Wealth Management LLC acquired a new position in shares of Charter Communications in the 3rd quarter worth approximately $26,000. Ashton Thomas Securities LLC bought a new stake in Charter Communications during the 3rd quarter worth approximately $28,000. Grove Bank & Trust boosted its position in 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 buying an additional 34 shares during the last quarter. CVA Family Office LLC boosted its position in Charter Communications by 31.3% in the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company’s stock valued at $48,000 after buying an additional 35 shares during the last quarter. Finally, Capital Advisors Ltd. LLC boosted its position in Charter Communications by 28.7% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock valued at $51,000 after buying an additional 35 shares during the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Stock Performance

Shares of Charter Communications stock opened at $351.50 on Friday. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. The firm has a market cap of $49.98 billion, a price-to-earnings ratio of 11.01, a price-to-earnings-growth ratio of 0.60 and a beta of 1.08. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27. The stock’s 50-day moving average is $369.85 and its 200-day moving average is $340.17.

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

Wall Street Analyst Weigh In

CHTR has been the topic of a number of recent research reports. BNP Paribas upgraded Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective on the stock in a research report on Tuesday, November 26th. KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a research report on Thursday, December 12th. Wells Fargo & Company increased their price objective on Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Benchmark increased their price objective on Charter Communications from $440.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, Wolfe Research lowered Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price objective on the stock. in a research report on Monday, September 30th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.