Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lowered its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 5.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 11,457 shares of the company’s stock after selling 721 shares during the quarter. Corient Private Wealth LLC’s holdings in Charter Communications were worth $3,927,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in CHTR. Avior Wealth Management LLC grew its position in Charter Communications by 104.7% during the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after purchasing an additional 45 shares in the last quarter. Sierra Ocean LLC purchased a new position in Charter Communications during the fourth quarter valued at approximately $32,000. Wingate Wealth Advisors Inc. purchased a new position in Charter Communications during the fourth quarter valued at approximately $45,000. Union Bancaire Privee UBP SA purchased a new position in Charter Communications during the fourth quarter valued at approximately $55,000. Finally, BankPlus Trust Department purchased a new position in Charter Communications during the fourth quarter valued at approximately $71,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CHTR has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. BNP Paribas upgraded shares of 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. StockNews.com upgraded shares of Charter Communications from a “hold” rating to a “buy” rating in a research note on Tuesday, March 18th. Citigroup began coverage on shares of Charter Communications in a research note on Friday, March 14th. They issued a “buy” rating and a $425.00 target price for the company. Finally, Benchmark reiterated a “buy” rating and issued a $450.00 target price on shares of Charter Communications in a research note on Friday, January 31st. Four analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Charter Communications presently has a consensus rating of “Hold” and an average target price of $389.39.

Charter Communications Price Performance

NASDAQ:CHTR opened at $363.81 on Friday. The stock has a market cap of $51.73 billion, a P/E ratio of 10.41, a PEG ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27. The company has a fifty day moving average price of $356.74 and a 200 day moving average price of $355.00. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last released its earnings results 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 net margin of 9.23% and a return on equity of 29.01%. During the same quarter in the previous year, the company posted $7.07 earnings per share. Analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

About Charter Communications

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.