Sendero Wealth Management LLC Increases Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Sendero Wealth Management LLC raised its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 15.2% in the first quarter, Holdings Channel reports. The institutional investor owned 16,515 shares of the company’s stock after acquiring an additional 2,177 shares during the period. Charter Communications comprises about 0.8% of Sendero Wealth Management LLC’s portfolio, making the stock its 27th biggest holding. Sendero Wealth Management LLC’s holdings in Charter Communications were worth $4,800,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. QRG Capital Management Inc. bought a new position in shares of Charter Communications in the third quarter worth approximately $238,000. Envestnet Portfolio Solutions Inc. bought a new position in shares of Charter Communications in the third quarter worth approximately $253,000. Envestnet Asset Management Inc. boosted its position in shares of Charter Communications by 105.7% in the third quarter. Envestnet Asset Management Inc. now owns 35,178 shares of the company’s stock worth $15,472,000 after purchasing an additional 18,077 shares during the period. Stifel Financial Corp boosted its position in shares of Charter Communications by 21.6% in the third quarter. Stifel Financial Corp now owns 10,535 shares of the company’s stock worth $4,633,000 after purchasing an additional 1,874 shares during the period. Finally, Treasurer of the State of North Carolina boosted its position in shares of Charter Communications by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 47,740 shares of the company’s stock worth $20,997,000 after purchasing an additional 169 shares during the period. 81.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CHTR has been the subject of a number of recent analyst reports. Pivotal Research dropped their price target on shares of Charter Communications from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Rosenblatt Securities dropped their target price on shares of Charter Communications from $297.00 to $292.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Charter Communications from $375.00 to $320.00 and set a “hold” rating for the company in a research report on Tuesday, April 16th. Bank of America dropped their target price on shares of Charter Communications from $315.00 to $300.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Charter Communications from $370.00 to $335.00 and set a “neutral” rating for the company in a research report on Monday, April 1st. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $356.47.

Charter Communications Trading Up 1.6 %

Shares of CHTR traded up $4.85 during midday trading on Friday, hitting $298.96. The stock had a trading volume of 4,560,564 shares, compared to its average volume of 1,463,723. The firm has a market cap of $43.06 billion, a PE ratio of 9.67, a price-to-earnings-growth ratio of 1.08 and a beta of 1.04. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $458.30. The stock’s 50 day moving average is $274.69 and its 200 day moving average is $305.97. The company has a debt-to-equity ratio of 6.28, a current ratio of 0.40 and a quick ratio of 0.40.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, April 26th. The company reported $7.55 EPS for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). The business had revenue of $13.68 billion for the quarter, compared to analysts’ expectations of $13.75 billion. Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the business posted $6.65 EPS. As a group, analysts forecast that Charter Communications, Inc. will post 32.51 EPS for the current fiscal year.

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.