Lindbrook Capital LLC Trims Position in Charter Communications, Inc. (NASDAQ:CHTR)

Lindbrook Capital LLC lessened its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 15.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 335 shares of the company’s stock after selling 63 shares during the period. Lindbrook Capital LLC’s holdings in Charter Communications were worth $130,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Wetzel Investment Advisors Inc. purchased a new position in shares of Charter Communications during the 4th quarter worth $25,000. Catalyst Capital Advisors LLC raised its holdings in Charter Communications by 32.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company’s stock valued at $49,000 after buying an additional 27 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new stake in Charter Communications in the 4th quarter valued at about $44,000. NBC Securities Inc. purchased a new stake in Charter Communications in the 3rd quarter valued at about $56,000. Finally, Bourgeon Capital Management LLC raised its holdings in Charter Communications by 219.5% in the 4th quarter. Bourgeon Capital Management LLC now owns 131 shares of the company’s stock valued at $51,000 after buying an additional 90 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

Shares of Charter Communications stock opened at $266.31 on Wednesday. Charter Communications, Inc. has a one year low of $254.31 and a one year high of $458.30. The company has a market cap of $38.68 billion, a PE ratio of 8.87, a P/E/G ratio of 0.46 and a beta of 0.96. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.31 and a current ratio of 0.31. The business has a 50-day simple moving average of $283.08 and a 200-day simple moving average of $350.67.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, February 2nd. The company reported $7.07 EPS for the quarter, missing analysts’ consensus estimates of $8.76 by ($1.69). Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. The company had revenue of $13.71 billion for the quarter, compared to analyst estimates of $13.70 billion. During the same period in the prior year, the firm posted $7.69 earnings per share. The business’s quarterly revenue was up .3% compared to the same quarter last year. On average, equities research analysts forecast that Charter Communications, Inc. will post 32.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CHTR shares. UBS Group reduced their price objective on shares of Charter Communications from $360.00 to $325.00 and set a “neutral” rating on the stock in a report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Charter Communications from $375.00 to $320.00 and set a “hold” rating on the stock in a report on Tuesday, April 16th. Barclays reduced their price objective on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a report on Tuesday, April 2nd. Rosenblatt Securities reduced their price objective on shares of Charter Communications from $334.00 to $297.00 and set a “neutral” rating on the stock in a report on Monday, April 15th. Finally, JPMorgan Chase & Co. dropped their target price on Charter Communications from $370.00 to $335.00 and set a “neutral” rating for the company in a research report on Monday, April 1st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, Charter Communications presently has a consensus rating of “Hold” and a consensus target price of $380.80.

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.