Hennion & Walsh Asset Management Inc. Acquires 220 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Hennion & Walsh Asset Management Inc. increased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 22.4% during the 4th quarter, HoldingsChannel reports. The firm owned 1,203 shares of the company’s stock after buying an additional 220 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Charter Communications were worth $412,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Reston Wealth Management LLC purchased a new position in Charter Communications during the third quarter worth $26,000. Ashton Thomas Securities LLC purchased a new position in Charter Communications during the third quarter worth $28,000. Grove Bank & Trust boosted its stake in Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after buying an additional 34 shares during the period. CVA Family Office LLC boosted its stake in Charter Communications by 31.3% during the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after buying an additional 35 shares during the period. Finally, Capital Advisors Ltd. LLC boosted its stake in Charter Communications by 28.7% during the third quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock worth $51,000 after buying an additional 35 shares during the period. Institutional investors own 81.76% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a research note on Thursday, December 12th. JPMorgan Chase & Co. boosted their target price on shares of Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Pivotal Research boosted their target price on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, Benchmark boosted their target price on shares of Charter Communications from $440.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $383.89.

Charter Communications Price Performance

Shares of CHTR opened at $351.37 on Tuesday. The company 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, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. 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 company has a 50 day moving average of $370.33 and a two-hundred day moving average of $349.76.

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

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.