Raymond James & Associates Reduces Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Raymond James & Associates cut its stake in Charter Communications, Inc. (NASDAQ:CHTR – Get Rating) by 13.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,494 shares of the company’s stock after selling 1,912 shares during the period. Raymond James & Associates’ holdings in Charter Communications were worth $4,237,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Ellevest Inc. lifted its position in Charter Communications by 54.2% during the 4th quarter. Ellevest Inc. now owns 74 shares of the company’s stock worth $25,000 after acquiring an additional 26 shares during the period. Accurate Wealth Management LLC purchased a new position in Charter Communications in the 4th quarter valued at $28,000. MCF Advisors LLC grew its position in Charter Communications by 69.5% in the 3rd quarter. MCF Advisors LLC now owns 100 shares of the company’s stock valued at $30,000 after buying an additional 41 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its stake in Charter Communications by 292.9% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 110 shares of the company’s stock valued at $37,000 after buying an additional 82 shares during the period. Finally, Guardian Wealth Advisors LLC purchased a new position in Charter Communications during the 3rd quarter worth $41,000. Institutional investors and hedge funds own 66.05% of the company’s stock.

Charter Communications Stock Down 1.5 %

CHTR opened at $331.24 on Thursday. Charter Communications, Inc. has a 12 month low of $297.66 and a 12 month high of $515.66. The business has a 50-day moving average of $345.34 and a two-hundred day moving average of $362.79. The company has a debt-to-equity ratio of 7.44, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market capitalization of $50.56 billion, a price-to-earnings ratio of 10.85, a price-to-earnings-growth ratio of 0.47 and a beta of 1.10.

Charter Communications (NASDAQ:CHTR – Get Rating) last released its earnings results on Friday, April 28th. The company reported $6.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.21 by ($0.56). The company had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.61 billion. Charter Communications had a net margin of 8.95% and a return on equity of 37.99%. Charter Communications’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.90 earnings per share. On average, research analysts expect that Charter Communications, Inc. will post 30.66 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CHTR. Morgan Stanley cut their price target on shares of Charter Communications from $460.00 to $420.00 and set an “equal weight” rating for the company in a report on Thursday, April 20th. TD Securities reduced their price target on Charter Communications from $610.00 to $585.00 and set a “buy” rating for the company in a report on Monday, January 30th. Deutsche Bank Aktiengesellschaft dropped their price objective on Charter Communications from $425.00 to $400.00 in a report on Monday, May 15th. Citigroup raised their target price on Charter Communications from $400.00 to $425.00 and gave the company a “neutral” rating in a report on Tuesday, January 31st. Finally, Royal Bank of Canada increased their price target on shares of Charter Communications from $440.00 to $460.00 and gave the company an “outperform” rating in a report on Friday, March 31st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $481.35.

About Charter Communications

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Charter Communications, Inc engages in the provision of broadband communications services. Its services include Spectrum TV, Spectrum Internet, and Spectrum Voice. The firm offers business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul.