Power Wealth Management LLC Buys New Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Power Wealth Management LLC purchased a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 964 shares of the company’s stock, valued at approximately $375,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wetzel Investment Advisors Inc. acquired a new position in shares of Charter Communications during the 4th quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in Charter Communications during the fourth quarter worth $44,000. Catalyst Capital Advisors LLC lifted its holdings in Charter Communications by 32.1% during the third quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company’s stock valued at $49,000 after purchasing an additional 27 shares in the last quarter. Bourgeon Capital Management LLC grew its position in shares of Charter Communications by 219.5% in the fourth quarter. Bourgeon Capital Management LLC now owns 131 shares of the company’s stock valued at $51,000 after purchasing an additional 90 shares during the period. Finally, NBC Securities Inc. purchased a new stake in shares of Charter Communications during the third quarter worth about $56,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Up 1.5 %

Shares of NASDAQ:CHTR traded up $3.93 during midday trading on Friday, reaching $265.93. 865,841 shares of the company’s stock were exchanged, compared to its average volume of 1,308,826. The stock has a market cap of $38.62 billion, a price-to-earnings ratio of 8.60, a P/E/G ratio of 1.07 and a beta of 0.97. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $458.30. The firm’s 50 day simple moving average is $277.79 and its two-hundred day simple moving average is $341.59. The company has a debt-to-equity ratio of 6.28, a current ratio of 0.40 and a quick ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, April 26th. The company reported $7.55 earnings per share for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The company had revenue of $13.68 billion for the quarter, compared to analyst estimates of $13.75 billion. During the same quarter in the prior year, the business earned $6.65 earnings per share. Charter Communications’s revenue was up .2% on a year-over-year basis. As a group, sell-side analysts forecast that Charter Communications, Inc. will post 32.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CHTR shares. Sanford C. Bernstein upgraded Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price objective for the company in a research note on Monday, March 18th. Benchmark reduced their price objective on Charter Communications from $490.00 to $440.00 and set a “buy” rating for the company in a research note on Monday, February 5th. Barclays dropped their target price on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating for the company in a report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Charter Communications from $375.00 to $320.00 and set a “hold” rating on the stock in a research note on Tuesday, April 16th. Finally, Loop Capital dropped their price objective on shares of Charter Communications from $335.00 to $285.00 and set a “hold” rating for the company in a research note on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Charter Communications has a consensus rating of “Hold” and an average price target of $356.47.

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.