Catalyst Capital Advisors LLC Has $38,000 Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Catalyst Capital Advisors LLC lessened its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 88.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 110 shares of the company’s stock after selling 874 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Charter Communications were worth $38,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Reston Wealth Management LLC bought a new position in shares of Charter Communications during the 3rd quarter worth approximately $26,000. Ashton Thomas Securities LLC bought a new position in shares of Charter Communications during the 3rd quarter worth approximately $28,000. Avior Wealth Management LLC boosted its holdings in shares of Charter Communications by 104.7% during the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after buying an additional 45 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of Charter Communications during the 4th quarter worth approximately $32,000. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of Charter Communications during the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CHTR. KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target on the stock in a report on Thursday, December 12th. Wells Fargo & Company increased their target price on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. BNP Paribas upgraded 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 increased 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. Finally, Bank of America upgraded Charter Communications from a “neutral” rating to a “buy” rating and increased their target price for the stock from $385.00 to $450.00 in a report on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $384.42.

Charter Communications Trading Up 0.4 %

Shares of Charter Communications stock opened at $361.74 on Wednesday. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The firm has a market cap of $51.44 billion, a PE ratio of 10.35, a P/E/G ratio of 0.43 and a beta of 1.11. The stock has a fifty day moving average price of $354.08 and a 200-day moving average price of $353.62. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.34.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) 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 last year, the firm posted $7.07 earnings per share. Equities research analysts anticipate that Charter Communications, Inc. will post 38.16 EPS 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.