Argyle Capital Management Inc. Has $412,000 Position in Charter Communications, Inc. (NASDAQ:CHTR)

Argyle Capital Management Inc. decreased its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 6.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,270 shares of the company’s stock after selling 81 shares during the period. Argyle Capital Management Inc.’s holdings in Charter Communications were worth $412,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Charter Communications by 0.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 242,254 shares of the company’s stock valued at $70,406,000 after buying an additional 1,467 shares during the period. Westside Investment Management Inc. boosted its stake in Charter Communications by 138.6% during the 1st quarter. Westside Investment Management Inc. now owns 5,212 shares of the company’s stock valued at $1,515,000 after purchasing an additional 3,028 shares during the last quarter. Norden Group LLC purchased a new stake in shares of Charter Communications in the first quarter worth approximately $828,000. Private Advisor Group LLC boosted its position in shares of Charter Communications by 31.2% during the first quarter. Private Advisor Group LLC now owns 6,301 shares of the company’s stock valued at $1,831,000 after buying an additional 1,500 shares during the last quarter. Finally, Prosperity Consulting Group LLC bought a new position in Charter Communications during the 1st quarter valued at $1,923,000. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Price Performance

NASDAQ CHTR traded down $1.90 during trading on Tuesday, reaching $327.77. The company’s stock had a trading volume of 195,571 shares, compared to its average volume of 1,355,699. The stock has a market capitalization of $47.21 billion, a PE ratio of 10.66, a P/E/G ratio of 0.62 and a beta of 1.05. The company has a debt-to-equity ratio of 5.84, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a fifty day moving average of $333.64 and a 200 day moving average of $310.12. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $424.86.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, July 26th. The company reported $8.49 earnings per share for the quarter, beating the consensus estimate of $7.98 by $0.51. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The firm had revenue of $13.69 billion for the quarter, compared to analysts’ expectations of $13.59 billion. During the same quarter last year, the company posted $8.05 EPS. The business’s quarterly revenue was up .2% on a year-over-year basis. Analysts expect that Charter Communications, Inc. will post 32.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CHTR. Morgan Stanley lifted their price target on Charter Communications from $330.00 to $360.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. Wolfe Research downgraded shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target on the stock. in a report on Monday, September 30th. TD Cowen raised their price objective on shares of Charter Communications from $488.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Royal Bank of Canada assumed coverage on shares of Charter Communications in a research note on Thursday, September 19th. They issued a “sector perform” rating and a $345.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Charter Communications from $300.00 to $325.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Charter Communications has an average rating of “Hold” and an average price target of $356.41.

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.