Allworth Financial LP Has $90,000 Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Allworth Financial LP raised its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 16.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 256 shares of the company’s stock after purchasing an additional 36 shares during the period. Allworth Financial LP’s holdings in Charter Communications were worth $90,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Reston Wealth Management LLC bought a new position in shares of Charter Communications during the 3rd quarter worth approximately $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Charter Communications in the 3rd quarter worth approximately $28,000. Avior Wealth Management LLC boosted its stake in Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after purchasing an additional 45 shares in the last quarter. Wingate Wealth Advisors Inc. bought a new stake in Charter Communications during the 4th quarter worth about $45,000. Finally, Capital Advisors Ltd. LLC increased its position in 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 acquiring an additional 35 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

CHTR has been the topic of several research reports. Wells Fargo & Company upped their price objective on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Morgan Stanley raised their price target on Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Benchmark restated a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price for the company in a research note on Thursday, December 12th. Finally, 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 report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Charter Communications has an average rating of “Hold” and a consensus price target of $384.42.

Charter Communications Price Performance

NASDAQ:CHTR opened at $365.80 on Tuesday. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The business’s 50-day moving average is $352.27 and its 200 day moving average is $353.63. The company has a market capitalization of $52.02 billion, a P/E ratio of 10.46, a P/E/G ratio of 0.44 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same period last year, the business earned $7.07 EPS. On average, equities research analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

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.