Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Weik Capital Management

Weik Capital Management lessened its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,383 shares of the company’s stock after selling 70 shares during the period. Weik Capital Management’s holdings in Charter Communications were worth $1,160,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Avior Wealth Management LLC boosted its stake in Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after acquiring an additional 45 shares during the period. Sierra Ocean LLC acquired a new position in Charter Communications during the 4th quarter valued at approximately $32,000. Generali Asset Management SPA SGR acquired a new position in Charter Communications during the 4th quarter valued at approximately $36,000. Wingate Wealth Advisors Inc. bought a new position in Charter Communications during the 4th quarter worth $45,000. Finally, Union Bancaire Privee UBP SA acquired a new stake in Charter Communications in the fourth quarter worth $55,000. Institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

CHTR opened at $382.02 on Friday. The firm has a market cap of $54.32 billion, a PE ratio of 10.93, a P/E/G ratio of 0.44 and a beta of 1.13. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The business has a fifty day simple moving average of $359.35 and a 200-day simple moving average of $356.14. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same period in the previous year, the company posted $7.07 EPS. As a group, equities analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. StockNews.com downgraded shares of Charter Communications from a “buy” rating to a “hold” rating in a report on Wednesday. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price for the company in a research note on Thursday, December 12th. Benchmark restated a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. Royal Bank of Canada lifted their price target on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Finally, Citigroup assumed coverage on Charter Communications in a report on Friday, March 14th. They issued a “buy” rating and a $425.00 price objective for the company. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Charter Communications currently has an average rating of “Hold” and a consensus price target of $389.39.

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.