Charter Communications, Inc. (NASDAQ:CHTR) Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 14.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,618 shares of the company’s stock after acquiring an additional 327 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Charter Communications were worth $848,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bessemer Group Inc. boosted its position in shares of Charter Communications by 50.8% during the 1st quarter. Bessemer Group Inc. now owns 9,147 shares of the company’s stock worth $2,658,000 after acquiring an additional 3,080 shares in the last quarter. AustralianSuper Pty Ltd acquired a new position in shares of Charter Communications during the 2nd quarter worth about $7,171,000. FORA Capital LLC boosted its position in shares of Charter Communications by 45.8% during the 1st quarter. FORA Capital LLC now owns 20,743 shares of the company’s stock worth $6,029,000 after acquiring an additional 6,519 shares in the last quarter. Norden Group LLC purchased a new stake in shares of Charter Communications in the 1st quarter valued at about $828,000. Finally, Cetera Investment Advisers lifted its holdings in shares of Charter Communications by 432.3% in the 1st quarter. Cetera Investment Advisers now owns 7,399 shares of the company’s stock valued at $2,150,000 after purchasing an additional 6,009 shares during the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Stock Performance

NASDAQ CHTR opened at $336.00 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 5.84. The business’s 50 day moving average is $334.49 and its two-hundred day moving average is $308.65. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $424.86. The stock has a market capitalization of $48.39 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 0.62 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, July 26th. The company reported $8.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.98 by $0.51. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The company had revenue of $13.69 billion for the quarter, compared to analysts’ expectations of $13.59 billion. During the same quarter in the previous year, the firm posted $8.05 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. Research analysts expect that Charter Communications, Inc. will post 32.42 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on CHTR. Bank of America boosted their target price on Charter Communications from $360.00 to $385.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Barclays boosted their target price on Charter Communications from $250.00 to $300.00 and gave the company an “underweight” rating in a report on Monday, July 29th. Citigroup raised Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 target price for the company in a report on Wednesday, September 11th. The Goldman Sachs Group began coverage on Charter Communications in a report on Monday, July 1st. They issued a “sell” rating and a $250.00 target price for the company. Finally, Royal Bank of Canada began coverage on Charter Communications in a report on Thursday, September 19th. They issued a “sector perform” rating and a $345.00 target price for the company. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $356.41.

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.