Kestra Private Wealth Services LLC Lowers Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Kestra Private Wealth Services LLC trimmed its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 5.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 729 shares of the company’s stock after selling 43 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Charter Communications were worth $283,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. 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 worth $49,000 after acquiring an additional 27 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Charter Communications by 9.8% during the third quarter. Parkside Financial Bank & Trust now owns 313 shares of the company’s stock valued at $138,000 after purchasing an additional 28 shares in the last quarter. Aspiriant LLC boosted its position in shares of Charter Communications by 2.3% during the fourth quarter. Aspiriant LLC now owns 1,533 shares of the company’s stock valued at $596,000 after buying an additional 35 shares during the last quarter. Summit Trail Advisors LLC increased its holdings in Charter Communications by 2.2% in the 3rd quarter. Summit Trail Advisors LLC now owns 1,744 shares of the company’s stock worth $767,000 after buying an additional 37 shares in the last quarter. Finally, Allworth Financial LP raised its position in Charter Communications by 23.8% in the 3rd quarter. Allworth Financial LP now owns 198 shares of the company’s stock worth $87,000 after buying an additional 38 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Price Performance

NASDAQ:CHTR opened at $272.78 on Thursday. The business’s 50-day moving average is $276.92 and its 200 day moving average is $337.76. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $458.30. The company has a market capitalization of $39.29 billion, a P/E ratio of 8.82, a P/E/G ratio of 1.07 and a beta of 0.97. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 6.28.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, April 26th. The company reported $7.55 EPS for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The firm had revenue of $13.68 billion for the quarter, compared to the consensus estimate of $13.75 billion. During the same quarter in the prior year, the company posted $6.65 earnings per share. The firm’s revenue was up .2% compared to the same quarter last year. On average, equities research analysts forecast that Charter Communications, Inc. will post 32.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on CHTR shares. Pivotal Research reduced their price target on shares of Charter Communications from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Monday, April 29th. JPMorgan Chase & Co. decreased their target price on shares of Charter Communications from $370.00 to $335.00 and set a “neutral” rating for the company in a research note on Monday, April 1st. UBS Group dropped their price target on Charter Communications from $360.00 to $325.00 and set a “neutral” rating on the stock in a research note on Thursday, March 28th. Deutsche Bank Aktiengesellschaft lowered their price target 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. Finally, Barclays decreased their price objective on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $356.47.

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.