Premier Path Wealth Partners LLC Grows Position in Charter Communications, Inc. (NASDAQ:CHTR)

Premier Path Wealth Partners LLC raised its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 26.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 949 shares of the company’s stock after acquiring an additional 199 shares during the period. Premier Path Wealth Partners LLC’s holdings in Charter Communications were worth $325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lind Value II ApS bought a new stake in Charter Communications during the fourth quarter worth approximately $9,743,000. Oddo BHF Asset Management Sas bought a new position in shares of Charter Communications during the 3rd quarter valued at approximately $1,345,000. Worldquant Millennium Advisors LLC raised its holdings in Charter Communications by 193.8% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company’s stock valued at $12,993,000 after buying an additional 26,446 shares during the period. Franklin Resources Inc. lifted its position in Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after buying an additional 148,003 shares during the last quarter. Finally, Cornerstone Capital Inc. boosted its stake in Charter Communications by 40.7% during the third quarter. Cornerstone Capital Inc. now owns 37,860 shares of the company’s stock worth $12,270,000 after buying an additional 10,950 shares during the period. 81.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CHTR shares. Pivotal Research increased their target price on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Benchmark raised their price objective on shares of Charter Communications from $440.00 to $450.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. upped their target price on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Bank of America raised Charter Communications from a “neutral” rating to a “buy” rating and raised their price target for the stock from $385.00 to $450.00 in a research note on Monday, November 4th. Finally, Barclays upped their price objective on Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a research 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $383.89.

Charter Communications Stock Performance

Shares of CHTR opened at $351.37 on Friday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24. The firm has a market cap of $49.96 billion, a PE ratio of 11.00, a P/E/G ratio of 0.48 and a beta of 1.10. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27. The stock has a fifty day moving average price of $370.33 and a 200-day moving average price of $349.10.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $13.66 billion. During the same period last year, the business posted $8.25 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. Equities research analysts predict that Charter Communications, Inc. will post 34.46 earnings per share 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.