Aviance Capital Partners LLC Acquires 49 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Aviance Capital Partners LLC raised its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 0.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,440 shares of the company’s stock after buying an additional 49 shares during the period. Aviance Capital Partners LLC’s holdings in Charter Communications were worth $2,735,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. boosted its position in Charter Communications by 50.8% during the first quarter. Bessemer Group Inc. now owns 9,147 shares of the company’s stock worth $2,658,000 after purchasing an additional 3,080 shares during the period. Cornerstone Capital Inc. grew its stake in Charter Communications by 40.7% in the 3rd quarter. Cornerstone Capital Inc. now owns 37,860 shares of the company’s stock valued at $12,270,000 after buying an additional 10,950 shares during the last quarter. National Pension Service lifted its position in Charter Communications by 8.1% during the third quarter. National Pension Service now owns 172,013 shares of the company’s stock worth $55,746,000 after acquiring an additional 12,915 shares during the last quarter. AustralianSuper Pty Ltd bought a new stake in shares of Charter Communications during the second quarter worth approximately $7,171,000. Finally, Cetera Investment Advisers lifted its holdings in Charter Communications by 432.3% during the 1st quarter. Cetera Investment Advisers now owns 7,399 shares of the company’s stock worth $2,150,000 after purchasing an additional 6,009 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CHTR has been the subject of a number of recent research reports. Benchmark boosted their price objective on shares of Charter Communications from $440.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Wells Fargo & Company raised their price target on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. TD Cowen upped their price objective on shares of Charter Communications from $488.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Pivotal Research raised their target price on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, Royal Bank of Canada boosted their target price on shares of Charter Communications from $345.00 to $390.00 and gave the company a “sector perform” rating in a research report on Monday, November 4th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $379.06.

Charter Communications Price Performance

CHTR stock opened at $385.02 on Tuesday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The firm has a market cap of $54.75 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 0.62 and a beta of 1.03. The company’s fifty day simple moving average is $343.79 and its 200 day simple moving average is $322.54. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The company had revenue of $13.80 billion for the quarter, compared to the consensus estimate of $13.66 billion. During the same period in the previous year, the business earned $8.25 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. On average, analysts expect that Charter Communications, Inc. will post 32.87 earnings per share for the current year.

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.