Wealth Enhancement Advisory Services LLC Has $1.10 Million Position in Charter Communications, Inc. (NASDAQ:CHTR)

Wealth Enhancement Advisory Services LLC trimmed its position in Charter Communications, Inc. (NASDAQ:CHTR) by 1.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,217 shares of the company’s stock after selling 33 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Charter Communications were worth $1,103,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Sierra Ocean LLC bought a new stake in shares of Charter Communications in the fourth quarter worth about $32,000. Generali Asset Management SPA SGR acquired a new stake in Charter Communications during the 4th quarter worth approximately $36,000. Brown Brothers Harriman & Co. boosted its holdings in shares of Charter Communications by 37.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock valued at $36,000 after buying an additional 29 shares during the period. Wingate Wealth Advisors Inc. acquired a new stake in shares of Charter Communications during the fourth quarter worth $45,000. Finally, Union Bancaire Privee UBP SA bought a new stake in Charter Communications in the 4th quarter valued at $55,000. Institutional investors own 81.76% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Sanford C. Bernstein cut Charter Communications from an “outperform” rating to a “market perform” rating and set a $410.00 target price for the company. in a report on Monday, June 2nd. Citigroup upped their price target on Charter Communications from $425.00 to $445.00 and gave the stock a “buy” rating in a research report on Monday, April 28th. Morgan Stanley lifted their price objective on shares of Charter Communications from $385.00 to $415.00 and gave the company an “equal weight” rating in a report on Monday, April 28th. Royal Bank of Canada boosted their price objective on shares of Charter Communications from $385.00 to $395.00 and gave the stock a “sector perform” rating in a research report on Monday, April 28th. Finally, Oppenheimer raised shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $500.00 target price for the company in a research report on Friday, May 16th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $409.42.

Charter Communications Price Performance

Shares of CHTR opened at $396.45 on Monday. The company’s 50-day moving average is $377.48 and its 200-day moving average is $367.79. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market capitalization of $55.65 billion, a PE ratio of 11.34, a PEG ratio of 0.44 and a beta of 1.07. Charter Communications, Inc. has a fifty-two week low of $272.49 and a fifty-two week high of $437.06.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.70 by ($0.28). Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. The firm had revenue of $13.74 billion for the quarter, compared to the consensus estimate of $13.67 billion. During the same quarter in the prior year, the firm earned $7.55 EPS. The company’s revenue was up .4% on a year-over-year basis. Equities analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current year.

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.