Sanctuary Advisors LLC Grows Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Sanctuary Advisors LLC lifted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 51.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 6,159 shares of the company’s stock after buying an additional 2,105 shares during the quarter. Sanctuary Advisors LLC’s holdings in Charter Communications were worth $1,996,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Reston Wealth Management LLC bought a new position in Charter Communications during the third quarter valued at $26,000. Ashton Thomas Securities LLC purchased a new position in shares of Charter Communications during the 3rd quarter valued at $28,000. Grove Bank & Trust grew its stake in shares of Charter Communications by 39.1% during the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after acquiring an additional 34 shares during the period. CVA Family Office LLC increased its holdings in Charter Communications by 31.3% in the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after acquiring an additional 35 shares during the last quarter. Finally, Capital Advisors Ltd. LLC raised its stake 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 during the period. Institutional investors own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CHTR. Pivotal Research increased their target price on shares of Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a research note on Thursday, December 12th. Bank of America upgraded Charter Communications from a “neutral” rating to a “buy” rating and increased their target price for the stock from $385.00 to $450.00 in a research report on Monday, November 4th. BNP Paribas upgraded Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price target for the company in a research report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. increased their price objective on Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Charter Communications presently has an average rating of “Hold” and an average target price of $384.42.

Charter Communications Trading Down 3.4 %

NASDAQ CHTR opened at $358.26 on Thursday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The stock’s 50-day simple moving average is $368.87 and its two-hundred day simple moving average is $339.63. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The company has a market capitalization of $50.94 billion, a price-to-earnings ratio of 11.22, a PEG ratio of 0.60 and a beta of 1.08.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. The company had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. Charter Communications’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.25 EPS. Research analysts forecast that Charter Communications, Inc. will post 32.87 EPS for the current fiscal 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.