Cerity Partners LLC Acquires 769 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Cerity Partners LLC increased its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 16.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 5,503 shares of the company’s stock after buying an additional 769 shares during the quarter. Cerity Partners LLC’s holdings in Charter Communications were worth $2,139,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Janiczek Wealth Management LLC increased its holdings in Charter Communications by 168.0% during the 3rd quarter. Janiczek Wealth Management LLC now owns 67 shares of the company’s stock worth $29,000 after purchasing an additional 42 shares during the period. Catalyst Capital Advisors LLC increased its holdings in Charter Communications by 32.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company’s stock worth $49,000 after purchasing an additional 27 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new position in Charter Communications during the 4th quarter worth $44,000. NBC Securities Inc. purchased a new position in shares of Charter Communications in the 3rd quarter valued at $56,000. Finally, Harbour Investments Inc. raised its position in shares of Charter Communications by 30.5% in the 2nd quarter. Harbour Investments Inc. now owns 137 shares of the company’s stock worth $50,000 after acquiring an additional 32 shares in the last quarter. 81.76% of the stock is owned by institutional investors.

Charter Communications Price Performance

Shares of NASDAQ CHTR opened at $265.21 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 6.51. Charter Communications, Inc. has a 52 week low of $254.31 and a 52 week high of $458.30. The business’s 50 day moving average price is $284.26 and its 200 day moving average price is $354.11. The firm has a market cap of $38.52 billion, a P/E ratio of 8.83, a P/E/G ratio of 0.44 and a beta of 0.96.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, February 2nd. The company reported $7.07 EPS for the quarter, missing the consensus estimate of $8.76 by ($1.69). Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. The company had revenue of $13.71 billion during the quarter, compared to analysts’ expectations of $13.70 billion. During the same quarter in the prior year, the company posted $7.69 EPS. The company’s revenue for the quarter was up .3% on a year-over-year basis. On average, sell-side analysts expect that Charter Communications, Inc. will post 32.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CHTR shares. Bank of America reduced their target price on shares of Charter Communications from $350.00 to $315.00 and set a “neutral” rating for the company in a report on Tuesday, April 9th. JPMorgan Chase & Co. reduced their target price on shares of Charter Communications from $370.00 to $335.00 and set a “neutral” rating for the company in a report on Monday, April 1st. Pivotal Research reduced their target price on shares of Charter Communications from $500.00 to $450.00 and set a “buy” rating for the company in a report on Monday, February 5th. Barclays reduced their target price on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating for the company in a report on Tuesday, April 2nd. Finally, Wells Fargo & Company cut their price objective on shares of Charter Communications from $340.00 to $290.00 and set an “equal weight” rating on the stock in a report on Friday, April 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $380.80.

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.