Premier Path Wealth Partners LLC Purchases 199 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Premier Path Wealth Partners LLC boosted its holdings in 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. The institutional investor owned 949 shares of the company’s stock after acquiring an additional 199 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Charter Communications were worth $325,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CHTR. Assenagon Asset Management S.A. lifted its holdings in shares of Charter Communications by 12,597.3% during the third quarter. Assenagon Asset Management S.A. now owns 249,756 shares of the company’s stock valued at $80,941,000 after purchasing an additional 247,789 shares in the last quarter. FMR LLC lifted its stake in Charter Communications by 27.7% during the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company’s stock valued at $345,128,000 after acquiring an additional 230,817 shares during the period. Fernbridge Capital Management LP purchased a new stake in shares of Charter Communications during the 3rd quarter valued at about $48,200,000. Franklin Resources Inc. grew its stake in shares of 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 acquiring an additional 148,003 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in shares of Charter Communications during the third quarter valued at approximately $244,720,000. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Stock Performance

NASDAQ CHTR opened at $351.37 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The business has a 50-day moving average price of $370.33 and a 200-day moving average price of $349.10. The firm has a market cap of $49.96 billion, a price-to-earnings ratio of 11.00, a price-to-earnings-growth ratio of 0.48 and a beta of 1.10.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, topping the consensus estimate of $8.55 by $0.27. The business had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company posted $8.25 EPS. As a group, equities research analysts predict that Charter Communications, Inc. will post 34.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CHTR shares. 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 report on Tuesday, November 26th. Morgan Stanley upped their price objective on Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. KeyCorp raised Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price on the stock in a research report on Thursday, December 12th. Wolfe Research lowered shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target for the company. in a research report on Monday, September 30th. Finally, Wells Fargo & Company raised their price objective on shares of Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price 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.