Kestra Private Wealth Services LLC Lowers Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Kestra Private Wealth Services LLC lowered its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 5.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 729 shares of the company’s stock after selling 43 shares during the period. Kestra Private Wealth Services LLC’s holdings in Charter Communications were worth $283,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in shares of Charter Communications by 9.7% during the third quarter. AQR Capital Management LLC now owns 14,782 shares of the company’s stock worth $6,501,000 after acquiring an additional 1,311 shares during the period. River Road Asset Management LLC acquired a new stake in Charter Communications in the 3rd quarter valued at about $29,948,000. Graham Capital Management L.P. boosted its stake in shares of Charter Communications by 354.7% in the 3rd quarter. Graham Capital Management L.P. now owns 15,133 shares of the company’s stock valued at $6,656,000 after buying an additional 11,805 shares during the period. DigitalBridge Group Inc. purchased a new position in shares of Charter Communications in the 3rd quarter valued at about $16,411,000. Finally, Kinetic Partners Management LP grew its position in shares of Charter Communications by 51.3% during the third quarter. Kinetic Partners Management LP now owns 177,801 shares of the company’s stock worth $78,200,000 after buying an additional 60,300 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Price Performance

Shares of NASDAQ CHTR opened at $272.78 on Thursday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 6.28. The stock has a market cap of $39.29 billion, a P/E ratio of 8.82, a P/E/G ratio of 1.07 and a beta of 0.97. The stock has a 50 day moving average of $276.92 and a two-hundred day moving average of $337.76. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $458.30.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, April 26th. The company reported $7.55 earnings per share for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). The business had revenue of $13.68 billion for the quarter, compared to analyst estimates of $13.75 billion. Charter Communications had a return on equity of 31.42% and a net margin of 8.50%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.65 EPS. On average, research analysts forecast that Charter Communications, Inc. will post 32.02 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on CHTR shares. Sanford C. Bernstein upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price target for the company in a report on Monday, March 18th. Wells Fargo & Company lowered their target price on shares of Charter Communications from $290.00 to $260.00 and set an “equal weight” rating for the company in a research note on Monday, April 29th. JPMorgan Chase & Co. dropped their target price on Charter Communications from $370.00 to $335.00 and set a “neutral” rating on the stock in a report on Monday, April 1st. Rosenblatt Securities decreased their price target on Charter Communications from $297.00 to $292.00 and set a “neutral” rating for the company in a report on Monday, April 29th. Finally, Citigroup dropped their price objective on Charter Communications from $300.00 to $280.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $356.47.

Charter Communications Company 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.