Farther Finance Advisors LLC Grows Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Farther Finance Advisors LLC boosted its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 61.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 498 shares of the company’s stock after buying an additional 190 shares during the quarter. Farther Finance Advisors LLC’s holdings in Charter Communications were worth $185,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. lifted its holdings in Charter Communications by 37.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock worth $36,000 after buying an additional 29 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Charter Communications by 3.4% during the fourth quarter. Jones Financial Companies Lllp now owns 904 shares of the company’s stock worth $310,000 after purchasing an additional 30 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in Charter Communications by 4.2% in the fourth quarter. Quadrant Capital Group LLC now owns 740 shares of the company’s stock valued at $254,000 after purchasing an additional 30 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Charter Communications by 5.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 622 shares of the company’s stock valued at $213,000 after purchasing an additional 34 shares during the last quarter. Finally, Keybank National Association OH raised its holdings in Charter Communications by 2.6% during the fourth quarter. Keybank National Association OH now owns 1,392 shares of the company’s stock worth $477,000 after purchasing an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CHTR shares. Loop Capital raised shares of Charter Communications from a “hold” rating to a “buy” rating and increased their target price for the company from $430.00 to $510.00 in a research report on Monday, May 19th. BNP Paribas reaffirmed an “underperform” rating and set a $290.00 price objective on shares of Charter Communications in a report on Thursday, April 10th. Oppenheimer upgraded Charter Communications from a “market perform” rating to an “outperform” rating and set a $500.00 target price on the stock in a research report on Friday, May 16th. Wells Fargo & Company upped their target price on Charter Communications from $380.00 to $400.00 and gave the company an “equal weight” rating in a research report on Monday, April 28th. Finally, UBS Group raised their price target on Charter Communications from $400.00 to $425.00 and gave the stock a “neutral” rating in a research note on Wednesday. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Charter Communications has an average rating of “Hold” and a consensus price target of $410.20.

Charter Communications Stock Performance

Shares of CHTR opened at $377.43 on Friday. The stock has a market capitalization of $52.98 billion, a P/E ratio of 10.53, a P/E/G ratio of 0.41 and a beta of 1.07. The company has a debt-to-equity ratio of 4.54, a quick ratio of 0.36 and a current ratio of 0.36. Charter Communications, Inc. has a 1 year low of $277.10 and a 1 year high of $437.06. The company’s fifty day moving average is $385.45 and its two-hundred day moving average is $367.94.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, April 25th. The company reported $8.42 earnings per share for the quarter, missing the consensus estimate of $8.70 by ($0.28). The firm had revenue of $13.74 billion during the quarter, compared to analysts’ expectations of $13.67 billion. Charter Communications had a net margin of 9.42% and a return on equity of 27.70%. The firm’s revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm earned $7.55 EPS. On average, sell-side analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

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.