Argyle Capital Management LLC Has $423,000 Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Argyle Capital Management LLC cut its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 2.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,234 shares of the company’s stock after selling 36 shares during the quarter. Argyle Capital Management LLC’s holdings in Charter Communications were worth $423,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CHTR. Proficio Capital Partners LLC acquired a new stake in Charter Communications during the 4th quarter worth about $33,485,000. Mn Services Vermogensbeheer B.V. boosted its position in shares of Charter Communications by 1.6% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 37,500 shares of the company’s stock valued at $12,854,000 after purchasing an additional 600 shares in the last quarter. Lake Street Advisors Group LLC increased its holdings in Charter Communications by 7.4% in the fourth quarter. Lake Street Advisors Group LLC now owns 1,141 shares of the company’s stock worth $391,000 after purchasing an additional 79 shares in the last quarter. Los Angeles Capital Management LLC lifted its stake in Charter Communications by 266.8% in the fourth quarter. Los Angeles Capital Management LLC now owns 68,607 shares of the company’s stock valued at $23,516,000 after buying an additional 49,902 shares during the period. Finally, BankPlus Trust Department acquired a new position in shares of Charter Communications during the 4th quarter valued at $71,000. Institutional investors own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

CHTR has been the subject of a number of research reports. JPMorgan Chase & Co. raised their price target on shares of Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Benchmark reiterated a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. Pivotal Research boosted their price objective on Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 4th. KeyCorp raised Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price on the stock in a research report on Thursday, December 12th. Finally, Barclays lifted their price target on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $384.42.

Charter Communications Stock Up 1.6 %

CHTR opened at $359.04 on Friday. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The firm has a market capitalization of $51.05 billion, a P/E ratio of 10.27, a PEG ratio of 0.44 and a beta of 1.11. The company’s 50-day moving average is $352.05 and its 200 day moving average is $353.63. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, February 7th. The company reported $10.10 EPS for the quarter, beating the consensus estimate of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same period last year, the business posted $7.07 earnings per share. Research analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal 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.