Douglas Lane & Associates LLC Sells 13,746 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Douglas Lane & Associates LLC lowered its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 229,067 shares of the company’s stock after selling 13,746 shares during the quarter. Charter Communications comprises approximately 1.1% of Douglas Lane & Associates LLC’s portfolio, making the stock its 26th biggest position. Douglas Lane & Associates LLC owned 0.16% of Charter Communications worth $78,517,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Savant Capital LLC increased its holdings in shares of Charter Communications by 1.7% during the second quarter. Savant Capital LLC now owns 1,859 shares of the company’s stock valued at $556,000 after acquiring an additional 31 shares in the last quarter. US Bancorp DE lifted its stake in shares of Charter Communications by 0.4% in the third quarter. US Bancorp DE now owns 7,370 shares of the company’s stock worth $2,388,000 after buying an additional 31 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its position in shares of Charter Communications by 3.1% during the second quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company’s stock valued at $314,000 after acquiring an additional 32 shares in the last quarter. Grove Bank & Trust lifted its position 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 acquiring an additional 34 shares in the last quarter. Finally, CVA Family Office LLC increased its holdings in shares of Charter Communications by 31.3% in the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after purchasing an additional 35 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CHTR shares. Bank of America raised shares of Charter Communications from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $385.00 to $450.00 in a research report on Monday, November 4th. Royal Bank of Canada upped their price objective on Charter Communications from $345.00 to $390.00 and gave the company a “sector perform” rating in a research report on Monday, November 4th. Barclays increased their target price on Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a report on Monday, November 4th. JPMorgan Chase & Co. boosted their price target on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Finally, Wolfe Research downgraded shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price objective on the stock. in a report on Monday, September 30th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $384.42.

Charter Communications Trading Up 0.4 %

Shares of NASDAQ:CHTR traded up $1.25 during trading hours on Wednesday, hitting $348.88. 401,931 shares of the company’s stock traded hands, compared to its average volume of 962,217. The firm has a market capitalization of $49.61 billion, a P/E ratio of 10.93, a price-to-earnings-growth ratio of 0.60 and a beta of 1.10. The business has a fifty day moving average price of $374.62 and a 200-day moving average price of $346.93. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34.

Charter Communications (NASDAQ:CHTR) last issued its 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 analyst estimates of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The business’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $8.25 earnings per share. Equities analysts expect that Charter Communications, Inc. will post 32.87 earnings per share 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.