Premier Path Wealth Partners LLC Sells 87 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Premier Path Wealth Partners LLC lessened its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 9.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 862 shares of the company’s stock after selling 87 shares during the period. Premier Path Wealth Partners LLC’s holdings in Charter Communications were worth $318,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. ST Germain D J Co. Inc. increased its holdings in Charter Communications by 1,283.3% during the first quarter. ST Germain D J Co. Inc. now owns 83 shares of the company’s stock valued at $31,000 after buying an additional 77 shares during the last quarter. Generali Asset Management SPA SGR purchased a new stake in shares of Charter Communications in the 4th quarter worth $36,000. Brown Brothers Harriman & Co. raised its holdings in Charter Communications by 37.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock worth $36,000 after purchasing an additional 29 shares during the period. NBC Securities Inc. purchased a new position in Charter Communications during the first quarter valued at $47,000. Finally, Union Bancaire Privee UBP SA bought a new stake in Charter Communications during the fourth quarter valued at about $55,000. Institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Up 2.4%

Shares of CHTR opened at $386.37 on Friday. The company has a debt-to-equity ratio of 4.54, a current ratio of 0.36 and a quick ratio of 0.36. The stock has a market capitalization of $54.23 billion, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 0.41 and a beta of 1.07. Charter Communications, Inc. has a 1 year low of $282.18 and a 1 year high of $437.06. The business’s 50 day simple moving average is $386.49 and its 200-day simple moving average is $367.86.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.70 by ($0.28). Charter Communications had a net margin of 9.42% and a return on equity of 27.70%. The business had revenue of $13.74 billion for the quarter, compared to analysts’ expectations of $13.67 billion. During the same period in the previous year, the company earned $7.55 EPS. Charter Communications’s revenue for the quarter was up .4% compared to the same quarter last year. As a group, equities analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CHTR shares. Wolfe Research raised Charter Communications from an “underperform” rating to a “peer perform” rating in a research note on Friday. Morgan Stanley lifted their price target on shares of Charter Communications from $385.00 to $415.00 and gave the company an “equal weight” rating in a report on Monday, April 28th. Oppenheimer upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $500.00 price target for the company in a research report on Friday, May 16th. Raymond James Financial upgraded shares of Charter Communications from an “underperform” rating to a “market perform” rating in a research report on Monday, May 19th. Finally, Royal Bank Of Canada upped their target price on shares of Charter Communications from $385.00 to $395.00 and gave the stock a “sector perform” rating in a report on Monday, April 28th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $410.20.

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.