Aspen Wealth Strategies LLC Cuts Position in Charter Communications, Inc. (NASDAQ:CHTR)

Aspen Wealth Strategies LLC decreased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 50.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 683 shares of the company’s stock after selling 682 shares during the period. Aspen Wealth Strategies LLC’s holdings in Charter Communications were worth $234,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Cibc World Markets Corp raised its holdings in Charter Communications by 3.1% in the fourth quarter. Cibc World Markets Corp now owns 67,032 shares of the company’s stock valued at $22,977,000 after buying an additional 2,017 shares during the period. Gallacher Capital Management LLC grew its position in Charter Communications by 11.3% in the fourth quarter. Gallacher Capital Management LLC now owns 807 shares of the company’s stock valued at $277,000 after acquiring an additional 82 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Charter Communications by 8.2% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,293 shares of the company’s stock valued at $443,000 after acquiring an additional 98 shares in the last quarter. Choate Investment Advisors acquired a new stake in Charter Communications in the fourth quarter valued at approximately $219,000. Finally, Wintrust Investments LLC grew its position in Charter Communications by 39.1% in the fourth quarter. Wintrust Investments LLC now owns 306 shares of the company’s stock valued at $105,000 after acquiring an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

Shares of CHTR opened at $354.08 on Tuesday. The business’s fifty day moving average price is $355.69 and its 200 day moving average price is $354.73. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. The stock has a market capitalization of $50.35 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. 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 posted its earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same period in the previous year, the business earned $7.07 EPS. Equities research analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CHTR. Barclays increased their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Royal Bank of Canada increased 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. KeyCorp raised 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 report on Thursday, December 12th. Citigroup started coverage on shares of Charter Communications in a research report on Friday. They set a “buy” rating and a $425.00 price target for the company. Finally, Benchmark reissued a “buy” rating and set a $450.00 price target on shares of Charter Communications in a research report on Friday, January 31st. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $388.37.

Charter Communications Company 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.