Charter Communications, Inc. (NASDAQ:CHTR) Shares Acquired by Avestar Capital LLC

Avestar Capital LLC increased its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 9.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 830 shares of the company’s stock after buying an additional 75 shares during the quarter. Avestar Capital LLC’s holdings in Charter Communications were worth $269,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CHTR. Tidal Investments LLC lifted its holdings in Charter Communications by 27.0% in the first quarter. Tidal Investments LLC now owns 12,279 shares of the company’s stock worth $3,572,000 after purchasing an additional 2,613 shares during the period. Plato Investment Management Ltd lifted its holdings in Charter Communications by 373.5% in the first quarter. Plato Investment Management Ltd now owns 1,037 shares of the company’s stock worth $301,000 after purchasing an additional 818 shares during the period. New Covenant Trust Company N.A. acquired a new stake in Charter Communications in the 1st quarter valued at about $34,000. Swedbank AB acquired a new stake in Charter Communications in the 1st quarter valued at about $11,147,000. Finally, Cetera Investment Advisers lifted its holdings in Charter Communications by 432.3% in the 1st quarter. Cetera Investment Advisers now owns 7,399 shares of the company’s stock valued at $2,150,000 after acquiring an additional 6,009 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Citigroup raised shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price target for the company in a report on Wednesday, September 11th. Wolfe Research downgraded shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target for the company. in a report on Monday, September 30th. Pivotal Research upped their price target on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 4th. JPMorgan Chase & Co. upped their price target on shares of Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $378.00.

Charter Communications Trading Down 0.1 %

NASDAQ:CHTR opened at $389.81 on Thursday. The stock’s 50 day moving average price is $350.95 and its 200 day moving average price is $327.93. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27. The company has a market capitalization of $55.43 billion, a P/E ratio of 12.21, a P/E/G ratio of 0.61 and a beta of 1.03. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, November 1st. The company reported $8.82 EPS for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The firm had revenue of $13.80 billion for the quarter, compared to the consensus estimate of $13.66 billion. During the same quarter in the prior year, the company posted $8.25 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. On average, research analysts forecast that Charter Communications, Inc. will post 32.87 EPS for the current fiscal year.

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.