Pure Financial Advisors LLC Lowers Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Pure Financial Advisors LLC lessened its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 8.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,052 shares of the company’s stock after selling 96 shares during the quarter. Pure Financial Advisors LLC’s holdings in Charter Communications were worth $361,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CHTR. Mercer Global Advisors Inc. ADV boosted its stake in Charter Communications by 8.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 3,712 shares of the company’s stock worth $1,110,000 after buying an additional 282 shares during the period. Intech Investment Management LLC boosted its stake in Charter Communications by 150.8% during the second quarter. Intech Investment Management LLC now owns 1,936 shares of the company’s stock worth $579,000 after buying an additional 1,164 shares during the period. Frank Rimerman Advisors LLC boosted its stake in Charter Communications by 21,700.0% during the second quarter. Frank Rimerman Advisors LLC now owns 2,398 shares of the company’s stock worth $717,000 after buying an additional 2,387 shares during the period. Fidelis Capital Partners LLC boosted its stake in shares of Charter Communications by 84.5% in the second quarter. Fidelis Capital Partners LLC now owns 572 shares of the company’s stock valued at $171,000 after purchasing an additional 262 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Charter Communications by 9.6% in the second quarter. EverSource Wealth Advisors LLC now owns 423 shares of the company’s stock valued at $126,000 after purchasing an additional 37 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CHTR. Barclays raised their price objective on shares of Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a research note on Monday, November 4th. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Bank of America upgraded shares of Charter Communications from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $385.00 to $450.00 in a report on Monday, November 4th. Finally, Wells Fargo & Company boosted their price target on shares of Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Charter Communications has an average rating of “Hold” and an average target price of $383.89.

Charter Communications Stock Down 0.2 %

CHTR stock opened at $350.56 on Wednesday. The company has a fifty day moving average price of $369.43 and a 200 day moving average price of $350.11. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27. The company has a market cap of $49.85 billion, a price-to-earnings ratio of 10.98, a price-to-earnings-growth ratio of 0.51 and a beta of 1.10. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, beating 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 firm had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. During the same quarter in the prior year, the firm earned $8.25 EPS. Charter Communications’s revenue for the quarter was up 1.6% on a year-over-year basis. Sell-side analysts expect that Charter Communications, Inc. will post 34.46 earnings per share for the current year.

About Charter Communications

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.