Orion Portfolio Solutions LLC Raises Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Orion Portfolio Solutions LLC increased its position in Charter Communications, Inc. (NASDAQ:CHTR) by 54.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,480 shares of the company’s stock after acquiring an additional 1,576 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Charter Communications were worth $1,452,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Reston Wealth Management LLC bought a new position in Charter Communications in the 3rd quarter worth about $26,000. Ashton Thomas Securities LLC purchased a new position in Charter Communications in the third quarter worth $28,000. Grove Bank & Trust boosted its holdings in shares of Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after purchasing an additional 34 shares in the last quarter. CVA Family Office LLC boosted its stake in Charter Communications by 31.3% in the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after buying an additional 35 shares in the last quarter. Finally, Capital Advisors Ltd. LLC boosted its stake in shares of Charter Communications by 28.7% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock valued at $51,000 after purchasing an additional 35 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Citigroup upgraded Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price target on the stock in a research report on Wednesday, September 11th. Wells Fargo & Company boosted their price target on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Royal Bank of Canada increased their price objective on Charter Communications from $345.00 to $390.00 and gave the stock a “sector perform” rating in a report on Monday, November 4th. Morgan Stanley raised their target price on shares of Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Four equities 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $384.42.

Charter Communications Stock Performance

Shares of NASDAQ CHTR opened at $379.78 on Friday. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. The firm has a 50 day moving average of $366.42 and a 200 day moving average of $337.25. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24. The firm has a market capitalization of $54.00 billion, a price-to-earnings ratio of 11.89, a price-to-earnings-growth ratio of 0.60 and a beta of 1.08.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data 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 company 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 revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $8.25 EPS. On average, research analysts anticipate 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.