Wealth Enhancement Advisory Services LLC Grows Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Wealth Enhancement Advisory Services LLC lifted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 21.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,893 shares of the company’s stock after buying an additional 676 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Charter Communications were worth $1,435,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. SVB Wealth LLC acquired a new position in Charter Communications in the 4th quarter valued at $260,000. US Bancorp DE increased its stake in Charter Communications by 5.7% in the fourth quarter. US Bancorp DE now owns 7,793 shares of the company’s stock valued at $2,671,000 after purchasing an additional 423 shares during the last quarter. Metis Global Partners LLC lifted its position in Charter Communications by 4.1% during the fourth quarter. Metis Global Partners LLC now owns 4,495 shares of the company’s stock worth $1,541,000 after buying an additional 178 shares during the period. Smartleaf Asset Management LLC lifted its position in Charter Communications by 28.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 377 shares of the company’s stock worth $129,000 after buying an additional 83 shares during the period. Finally, Norden Group LLC boosted its stake in Charter Communications by 7.7% in the 4th quarter. Norden Group LLC now owns 683 shares of the company’s stock worth $234,000 after buying an additional 49 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Up 2.0%

Shares of NASDAQ CHTR opened at $408.81 on Tuesday. 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 $286.66 and a 1 year high of $437.06. The stock’s 50-day simple moving average is $394.14 and its 200-day simple moving average is $368.10. The firm has a market cap of $57.38 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 0.44 and a beta of 1.08.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, April 25th. The company reported $8.42 earnings per share for the quarter, missing analysts’ consensus estimates of $8.70 by ($0.28). Charter Communications had a net margin of 9.42% and a return on equity of 27.70%. The business had revenue of $13.74 billion for the quarter, compared to analyst estimates of $13.67 billion. During the same quarter last year, the business earned $7.55 EPS. Charter Communications’s revenue for the quarter was up .4% compared to the same quarter last year. As a group, equities analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. BNP Paribas reissued an “underperform” rating and issued a $290.00 target price on shares of Charter Communications in a research report on Thursday, April 10th. Sanford C. Bernstein lowered shares of Charter Communications from an “outperform” rating to a “market perform” rating and set a $410.00 price target on the stock. in a report on Monday, June 2nd. Loop Capital raised Charter Communications from a “hold” rating to a “buy” rating and increased their target price for the stock from $430.00 to $510.00 in a research report on Monday, May 19th. Wells Fargo & Company upped their price target on Charter Communications from $380.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Monday, April 28th. Finally, Citigroup lifted their price objective on Charter Communications from $425.00 to $445.00 and gave the company a “buy” rating in a research note on Monday, April 28th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Charter Communications has an average rating of “Hold” and a consensus price target of $410.20.

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.