Chemistry Wealth Management LLC Has $226,000 Position in Charter Communications, Inc. (NASDAQ:CHTR)

Chemistry Wealth Management LLC grew its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 660 shares of the company’s stock after purchasing an additional 30 shares during the quarter. Chemistry Wealth Management LLC’s holdings in Charter Communications were worth $226,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Reston Wealth Management LLC bought a new stake in shares of Charter Communications in the third quarter valued at about $26,000. Ashton Thomas Securities LLC bought a new stake in shares of Charter Communications in the third quarter valued at about $28,000. Grove Bank & Trust lifted its stake in shares of Charter Communications by 39.1% in the third 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. CVA Family Office LLC lifted its stake in shares of Charter Communications by 31.3% in the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock valued at $48,000 after buying an additional 35 shares during the period. Finally, Capital Advisors Ltd. LLC lifted its stake in shares of Charter Communications by 28.7% in the third quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock valued at $51,000 after buying an additional 35 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Stock Performance

Shares of Charter Communications stock opened at $351.37 on Friday. 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 firm has a market cap of $49.96 billion, a P/E ratio of 11.00, a P/E/G ratio of 0.48 and a beta of 1.10. The firm has a 50 day simple moving average of $371.18 and a 200 day simple moving average of $348.72. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, beating analysts’ consensus estimates of $8.55 by $0.27. The business had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. Charter Communications’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $8.25 earnings per share. Sell-side analysts predict that Charter Communications, Inc. will post 34.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on CHTR. Bank of America upgraded shares of Charter Communications from a “neutral” rating to a “buy” rating and increased their target price for the company from $385.00 to $450.00 in a research note on Monday, November 4th. Pivotal Research raised their price target on shares of Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. BNP Paribas upgraded shares of 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. Benchmark lifted their target price on shares of Charter Communications from $440.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, Barclays lifted their target price on shares of Charter Communications from $300.00 to $315.00 and gave the company an “underweight” 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $383.89.

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.