1,023 Shares in Charter Communications, Inc. (NASDAQ:CHTR) Acquired by Elser Financial Planning Inc

Elser Financial Planning Inc purchased a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 1,023 shares of the company’s stock, valued at approximately $351,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Reston Wealth Management LLC purchased a new stake in Charter Communications during the 3rd quarter worth approximately $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Charter Communications in the 3rd quarter valued at about $28,000. Avior Wealth Management LLC boosted its holdings in shares of 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 buying an additional 45 shares during the period. Grove Bank & Trust boosted its holdings in shares of Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after buying an additional 34 shares during the period. Finally, Wingate Wealth Advisors Inc. acquired a new position in shares of Charter Communications in the 4th quarter valued at about $45,000. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CHTR has been the subject of several research reports. Benchmark reaffirmed a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price for the company in a research note on Thursday, December 12th. BNP Paribas raised 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. Wells Fargo & Company boosted their target price on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Finally, Pivotal Research boosted 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. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Charter Communications has an average rating of “Hold” and a consensus target price of $384.42.

Charter Communications Stock Performance

CHTR stock opened at $347.84 on Monday. The company has a quick ratio of 0.34, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The company has a market capitalization of $49.46 billion, a price-to-earnings ratio of 9.95, a P/E/G ratio of 0.43 and a beta of 1.11. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27. The firm has a 50 day moving average of $358.81 and a two-hundred day moving average of $353.82.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, topping 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 prior year, the company posted $7.07 earnings per share. As a group, equities analysts anticipate that Charter Communications, Inc. will post 38.16 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.