Whalen Wealth Management Inc. Invests $238,000 in Charter Communications, Inc. (NASDAQ:CHTR)

Whalen Wealth Management Inc. bought a new stake in Charter Communications, Inc. (NASDAQ:CHTR) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 695 shares of the company’s stock, valued at approximately $238,000.

Several other hedge funds have also bought and sold shares of the company. Reston Wealth Management LLC bought a new stake in Charter Communications in the third quarter valued at approximately $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Charter Communications during the 3rd quarter worth approximately $28,000. Avior Wealth Management LLC raised its stake in Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after acquiring an additional 45 shares during the period. Grove Bank & Trust lifted its holdings in Charter Communications by 39.1% during the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after purchasing an additional 34 shares during the last quarter. Finally, CVA Family Office LLC boosted its position in Charter Communications by 31.3% during the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after purchasing an additional 35 shares during the period. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Stock Performance

Shares of NASDAQ:CHTR opened at $352.80 on Thursday. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The stock has a market capitalization of $50.17 billion, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 0.51 and a beta of 1.10. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. The company’s 50 day simple moving average is $367.54 and its 200 day simple moving average is $350.47.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The company had revenue of $13.80 billion for the quarter, compared to analyst estimates of $13.66 billion. During the same quarter last year, the company posted $8.25 EPS. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, research analysts predict that Charter Communications, Inc. will post 34.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Royal Bank of Canada lowered their price target on shares of Charter Communications from $390.00 to $380.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 15th. Wells Fargo & Company boosted 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. JPMorgan Chase & Co. increased their target price on Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Finally, 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 note on Tuesday, November 26th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $383.89.

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.