Apollon Wealth Management LLC Increases Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Apollon Wealth Management LLC grew its position in Charter Communications, Inc. (NASDAQ:CHTR) by 90.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,310 shares of the company’s stock after purchasing an additional 623 shares during the period. Apollon Wealth Management LLC’s holdings in Charter Communications were worth $424,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Reston Wealth Management LLC purchased a new stake in Charter Communications during the third quarter worth about $26,000. Ashton Thomas Securities LLC purchased a new stake in Charter Communications during the third quarter worth about $28,000. CVA Family Office LLC increased its holdings in Charter Communications by 5,500.0% during the second quarter. CVA Family Office LLC now owns 112 shares of the company’s stock worth $33,000 after buying an additional 110 shares during the last quarter. New Covenant Trust Company N.A. purchased a new stake in Charter Communications during the first quarter worth about $34,000. Finally, Grove Bank & Trust increased its holdings in Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after buying an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Down 1.2 %

CHTR stock opened at $389.57 on Monday. The company has a market capitalization of $55.40 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 0.62 and a beta of 1.03. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $421.16. The company’s 50 day moving average price is $342.59 and its two-hundred day moving average price is $321.67. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, topping the consensus estimate of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The company had revenue of $13.80 billion for the quarter, compared to the consensus estimate of $13.66 billion. During the same period in the previous year, the firm earned $8.25 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, analysts predict that Charter Communications, Inc. will post 32.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CHTR has been the subject of a number of research analyst reports. Barclays raised their price objective on shares of Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a report on Monday, November 4th. TD Cowen increased their target price on shares of Charter Communications from $488.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Wells Fargo & Company increased their target price on shares of Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Wolfe Research lowered shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 target price for the company. in a research report on Monday, September 30th. Finally, Pivotal Research increased their target price on shares of Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $379.06.

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.