Apollon Wealth Management LLC Buys 623 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Apollon Wealth Management LLC boosted its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 90.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,310 shares of the company’s stock after acquiring an additional 623 shares during the period. Apollon Wealth Management LLC’s holdings in Charter Communications were worth $424,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CHTR. Versor Investments LP boosted its stake in Charter Communications by 666.4% in the 3rd quarter. Versor Investments LP now owns 7,679 shares of the company’s stock worth $2,489,000 after purchasing an additional 6,677 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in Charter Communications in the 3rd quarter worth about $28,000. Los Angeles Capital Management LLC bought a new position in Charter Communications in the 3rd quarter worth about $6,062,000. Colonial River Investments LLC bought a new position in Charter Communications in the 3rd quarter worth about $229,000. Finally, Axxcess Wealth Management LLC boosted its stake in Charter Communications by 71.3% in the 3rd quarter. Axxcess Wealth Management LLC now owns 1,886 shares of the company’s stock worth $611,000 after purchasing an additional 785 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CHTR shares. JPMorgan Chase & Co. upped their price target on shares of Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Rosenblatt Securities boosted their target price on Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a research 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 research report on Wednesday, September 11th. Wolfe Research lowered Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 target price for the company. in a research report on Monday, September 30th. Finally, Pivotal Research boosted their target price on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Charter Communications currently has a consensus rating of “Hold” and a consensus price target of $379.06.

Charter Communications Trading Down 1.2 %

Charter Communications stock opened at $389.57 on Monday. The firm has a 50 day moving average of $342.59 and a 200 day moving average of $321.67. The firm has a market capitalization of $55.40 billion, a price-to-earnings ratio of 12.20, a P/E/G ratio of 0.62 and a beta of 1.03. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $421.16. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.55 by $0.27. The company 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%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $8.25 EPS. As a group, research analysts predict 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.