Focus Partners Advisor Solutions LLC Increases Position in Charter Communications, Inc. $CHTR

Focus Partners Advisor Solutions LLC increased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 227.9% in the third quarter, HoldingsChannel.com reports. The firm owned 3,171 shares of the company’s stock after buying an additional 2,204 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Charter Communications were worth $872,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CHTR. Atlantic Union Bankshares Corp purchased a new position in shares of Charter Communications during the 2nd quarter valued at approximately $25,000. Webster Bank N. A. purchased a new stake in Charter Communications in the 3rd quarter worth $28,000. Heritage Wealth Advisors purchased a new stake in Charter Communications in the 2nd quarter worth $29,000. Steigerwald Gordon & Koch Inc. acquired a new position in Charter Communications during the third quarter worth $30,000. Finally, Geneos Wealth Management Inc. lifted its holdings in Charter Communications by 141.0% during the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after purchasing an additional 55 shares in the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CHTR has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Charter Communications from $275.00 to $235.00 and set a “hold” rating on the stock in a research report on Tuesday, February 3rd. Benchmark raised their price target on shares of Charter Communications from $425.00 to $455.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Charter Communications in a report on Monday, December 29th. Wells Fargo & Company boosted their price objective on Charter Communications from $180.00 to $200.00 and gave the stock an “underweight” rating in a research note on Monday, February 2nd. Finally, The Goldman Sachs Group reduced their target price on Charter Communications from $210.00 to $185.00 and set a “sell” rating for the company in a report on Monday, February 2nd. Six investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $335.11.

Charter Communications Stock Performance

Shares of Charter Communications stock opened at $232.24 on Friday. The firm has a market cap of $29.41 billion, a PE ratio of 6.40, a price-to-earnings-growth ratio of 0.37 and a beta of 1.02. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 4.65. Charter Communications, Inc. has a 52 week low of $180.38 and a 52 week high of $437.06. The business’s fifty day simple moving average is $215.56 and its 200-day simple moving average is $230.35.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, January 30th. The company reported $10.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.40 by ($0.06). The business had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.73 billion. Charter Communications had a return on equity of 24.63% and a net margin of 9.10%.The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the previous year, the business posted $10.10 earnings per share. Equities analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Charter Communications Company Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.