Charter Communications, Inc. (NASDAQ:CHTR) Shares Acquired by Dakota Wealth Management

Dakota Wealth Management boosted its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 7.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,196 shares of the company’s stock after acquiring an additional 742 shares during the period. Dakota Wealth Management’s holdings in Charter Communications were worth $3,963,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Janiczek Wealth Management LLC lifted its position in Charter Communications by 168.0% in the third quarter. Janiczek Wealth Management LLC now owns 67 shares of the company’s stock valued at $29,000 after purchasing an additional 42 shares during the period. Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of Charter Communications during the 3rd quarter worth approximately $31,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Charter Communications in the 4th quarter valued at approximately $44,000. Catalyst Capital Advisors LLC boosted its stake in shares of Charter Communications by 32.1% in the third quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company’s stock valued at $49,000 after buying an additional 27 shares in the last quarter. Finally, Harbour Investments Inc. grew its holdings in Charter Communications by 30.5% during the second quarter. Harbour Investments Inc. now owns 137 shares of the company’s stock worth $50,000 after acquiring an additional 32 shares during the period. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Trading Down 1.4 %

Shares of CHTR opened at $256.90 on Tuesday. The firm has a market capitalization of $37.31 billion, a P/E ratio of 8.56, a price-to-earnings-growth ratio of 0.44 and a beta of 0.96. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 6.51. Charter Communications, Inc. has a twelve month low of $255.38 and a twelve month high of $458.30. The stock’s fifty day simple moving average is $286.40 and its 200 day simple moving average is $357.96.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, February 2nd. The company reported $7.07 EPS for the quarter, missing analysts’ consensus estimates of $8.76 by ($1.69). The company had revenue of $13.71 billion for the quarter, compared to analyst estimates of $13.70 billion. Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.69 EPS. On average, equities research analysts forecast that Charter Communications, Inc. will post 32.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on CHTR. UBS Group decreased their target price on shares of Charter Communications from $360.00 to $325.00 and set a “neutral” rating on the stock in a research report on Thursday, March 28th. Pivotal Research lowered their target price on shares of Charter Communications from $500.00 to $450.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. JPMorgan Chase & Co. reduced their price target on shares of Charter Communications from $370.00 to $335.00 and set a “neutral” rating for the company in a research report on Monday, April 1st. Benchmark lowered their price target on Charter Communications from $490.00 to $440.00 and set a “buy” rating on the stock in a report on Monday, February 5th. Finally, Sanford C. Bernstein raised Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price objective for the company in a report on Monday, March 18th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $386.13.

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.