National Wealth Management Group LLC Takes Position in Charter Communications, Inc. (NASDAQ:CHTR)

National Wealth Management Group LLC acquired a new stake in Charter Communications, Inc. (NASDAQ:CHTR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,939 shares of the company’s stock, valued at approximately $628,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Savant Capital LLC raised its holdings in Charter Communications by 1.7% in the 2nd quarter. Savant Capital LLC now owns 1,859 shares of the company’s stock valued at $556,000 after buying an additional 31 shares during the period. US Bancorp DE raised its holdings in Charter Communications by 0.4% in the 3rd quarter. US Bancorp DE now owns 7,370 shares of the company’s stock valued at $2,388,000 after buying an additional 31 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in Charter Communications by 3.1% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company’s stock valued at $314,000 after buying an additional 32 shares during the period. Grove Bank & Trust raised its holdings in Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after buying an additional 34 shares during the period. Finally, CVA Family Office LLC raised its holdings in Charter Communications by 31.3% in the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company’s stock valued at $48,000 after buying an additional 35 shares during the period. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Stock Performance

Shares of CHTR opened at $389.81 on Thursday. The stock has a 50 day moving average price of $350.95 and a 200 day moving average price of $327.93. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The company has a market capitalization of $55.43 billion, a price-to-earnings ratio of 12.21, a price-to-earnings-growth ratio of 0.61 and a beta of 1.03. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.55 by $0.27. The firm had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company posted $8.25 earnings per share. Research analysts predict that Charter Communications, Inc. will post 32.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Citigroup upgraded shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price objective on the stock in a report on Wednesday, September 11th. Pivotal Research boosted their price target on shares of Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Wolfe Research lowered shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target on the stock. in a research note on Monday, September 30th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company boosted their price target on shares of Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Charter Communications currently has an average rating of “Hold” and an average price target of $378.00.

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.