Hennion & Walsh Asset Management Inc. Raises Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Hennion & Walsh Asset Management Inc. grew its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 36.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 983 shares of the company’s stock after buying an additional 264 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Charter Communications were worth $319,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. CVA Family Office LLC lifted its position in shares of Charter Communications by 5,500.0% during the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after buying an additional 110 shares during the last quarter. New Covenant Trust Company N.A. purchased a new position in shares of Charter Communications during the 1st quarter valued at $34,000. Grove Bank & Trust lifted its position in shares of Charter Communications by 39.1% during the 3rd 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 last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of Charter Communications by 109.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock valued at $48,000 after buying an additional 83 shares during the last quarter. Finally, Beach Investment Counsel Inc. PA purchased a new position in shares of Charter Communications during the 2nd quarter valued at $50,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Price Performance

Shares of Charter Communications stock opened at $327.27 on Wednesday. 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 firm has a market capitalization of $47.14 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of 0.62 and a beta of 1.05. The business’s 50-day moving average price is $333.24 and its 200-day moving average price is $310.59. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $424.86.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CHTR. Raymond James cut Charter Communications from a “market perform” rating to an “underperform” rating in a research report on Monday, July 29th. Rosenblatt Securities boosted their price objective on Charter Communications from $292.00 to $329.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Barclays boosted their price objective on Charter Communications from $250.00 to $300.00 and gave the company an “underweight” rating in a research note on Monday, July 29th. Pivotal Research boosted their price objective on Charter Communications from $400.00 to $435.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Finally, Wells Fargo & Company boosted their price objective on Charter Communications from $260.00 to $350.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. 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. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $356.41.

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.