AdvisorNet Financial Inc Reduces Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

AdvisorNet Financial Inc decreased its position in Charter Communications, Inc. (NASDAQ:CHTRGet Rating) by 24.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 674 shares of the company’s stock after selling 215 shares during the period. AdvisorNet Financial Inc’s holdings in Charter Communications were worth $316,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Bivin & Associates Inc. purchased a new stake in shares of Charter Communications in the 4th quarter valued at approximately $26,000. Elequin Capital LP purchased a new stake in shares of Charter Communications in the 1st quarter valued at approximately $26,000. MCF Advisors LLC purchased a new stake in shares of Charter Communications in the 1st quarter valued at approximately $32,000. Massmutual Trust Co. FSB ADV grew its stake in shares of Charter Communications by 196.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 74 shares of the company’s stock valued at $35,000 after buying an additional 49 shares during the period. Finally, DeDora Capital Inc. purchased a new stake in shares of Charter Communications in the 1st quarter valued at approximately $49,000. Hedge funds and other institutional investors own 66.91% of the company’s stock.

Charter Communications Price Performance

Shares of CHTR opened at $372.13 on Tuesday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 6.99. The firm’s fifty day simple moving average is $442.58 and its 200-day simple moving average is $483.33. The firm has a market capitalization of $59.78 billion, a price-to-earnings ratio of 11.95, a PEG ratio of 0.45 and a beta of 0.91. Charter Communications, Inc. has a twelve month low of $365.58 and a twelve month high of $765.53.

Charter Communications (NASDAQ:CHTRGet Rating) last posted its earnings results on Friday, July 29th. The company reported $8.80 EPS for the quarter, beating analysts’ consensus estimates of $6.82 by $1.98. The firm had revenue of $13.60 billion for the quarter, compared to the consensus estimate of $13.42 billion. Charter Communications had a net margin of 10.35% and a return on equity of 31.83%. The company’s revenue was up 6.2% on a year-over-year basis. During the same period last year, the firm posted $5.29 EPS. Equities analysts forecast that Charter Communications, Inc. will post 32.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CHTR shares. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Charter Communications from $575.00 to $550.00 and set a “hold” rating on the stock in a report on Monday, August 1st. KeyCorp upped their price objective on shares of Charter Communications from $555.00 to $592.00 and gave the stock an “overweight” rating in a report on Wednesday, August 24th. Credit Suisse Group decreased their price objective on shares of Charter Communications to $676.00 in a report on Tuesday, August 9th. Barclays decreased their price objective on shares of Charter Communications to $388.00 in a report on Tuesday, August 9th. Finally, TD Securities upped their price objective on shares of Charter Communications from $670.00 to $680.00 and gave the stock a “buy” rating in a report on Tuesday, August 2nd. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Charter Communications currently has a consensus rating of “Hold” and an average price target of $622.21.

Charter Communications Company Profile

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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 video services, including video on demand, high-definition television, digital video recorder, pay-per-view services.

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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