Institute for Wealth Management LLC. Cuts Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Institute for Wealth Management LLC. decreased its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 12.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,591 shares of the company’s stock after selling 221 shares during the quarter. Institute for Wealth Management LLC.’s holdings in Charter Communications were worth $545,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lind Value II ApS purchased a new position in shares of Charter Communications during the fourth quarter worth about $9,743,000. Oddo BHF Asset Management Sas purchased a new position in shares of Charter Communications during the third quarter worth about $1,345,000. Worldquant Millennium Advisors LLC boosted its stake in Charter Communications by 193.8% in the third quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company’s stock worth $12,993,000 after buying an additional 26,446 shares in the last quarter. Franklin Resources Inc. boosted its stake in Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after buying an additional 148,003 shares in the last quarter. Finally, Cornerstone Capital Inc. boosted its stake in Charter Communications by 40.7% in the third quarter. Cornerstone Capital Inc. now owns 37,860 shares of the company’s stock worth $12,270,000 after buying an additional 10,950 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

Shares of CHTR stock opened at $345.49 on Friday. 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 firm has a market capitalization of $49.13 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 0.47 and a beta of 1.10. The stock has a fifty day moving average of $364.14 and a 200 day moving average of $352.64. 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 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 return on equity of 28.73% and a net margin of 8.52%. During the same quarter last year, the company earned $7.07 earnings per share. As a group, research analysts expect that Charter Communications, Inc. will post 34.62 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price for the company in a research note on Tuesday, November 26th. Wells Fargo & Company upped their target price on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Royal Bank of Canada cut their target price on Charter Communications from $390.00 to $380.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 15th. Morgan Stanley upped their target price on Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Finally, Barclays increased their price objective on Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a research note on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $383.89.

Charter Communications Company 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.