EverSource Wealth Advisors LLC Has $126,000 Position in Charter Communications, Inc. (NASDAQ:CHTR)

EverSource Wealth Advisors LLC raised its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 9.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 423 shares of the company’s stock after purchasing an additional 37 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Charter Communications were worth $126,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHTR. CVA Family Office LLC grew its position in shares of Charter Communications by 5,500.0% in the second quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after purchasing an additional 110 shares during the last quarter. New Covenant Trust Company N.A. bought a new position in Charter Communications during the first quarter worth about $34,000. Riverview Trust Co acquired a new stake in Charter Communications in the 1st quarter worth about $40,000. Massmutual Trust Co. FSB ADV boosted its holdings in Charter Communications by 109.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock valued at $48,000 after purchasing an additional 83 shares during the period. Finally, Beach Investment Counsel Inc. PA acquired a new position in shares of Charter Communications during the 2nd quarter worth approximately $50,000. 81.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CHTR shares. Barclays boosted their price target on Charter Communications from $250.00 to $300.00 and gave the company an “underweight” rating in a research note on Monday, July 29th. Royal Bank of Canada initiated coverage on Charter Communications in a report on Thursday, September 19th. They set a “sector perform” rating and a $345.00 target price on the stock. Wolfe Research cut shares of Charter Communications from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 31st. Raymond James lowered shares of Charter Communications from a “market perform” rating to an “underperform” rating in a report on Monday, July 29th. Finally, Morgan Stanley upped their price target on shares of Charter Communications from $330.00 to $360.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $359.94.

Charter Communications Price Performance

Charter Communications stock opened at $317.01 on Friday. The company has a market capitalization of $45.66 billion, a PE ratio of 10.25, a P/E/G ratio of 0.61 and a beta of 1.05. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 5.84. The stock has a 50-day moving average price of $344.55 and a two-hundred day moving average price of $303.20. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $458.30.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, July 26th. The company reported $8.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.98 by $0.51. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The firm had revenue of $13.69 billion during the quarter, compared to the consensus estimate of $13.59 billion. During the same quarter last year, the firm earned $8.05 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. Analysts expect that Charter Communications, Inc. will post 32.52 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.