Axxcess Wealth Management LLC Has $763,000 Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Axxcess Wealth Management LLC raised its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 18.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,225 shares of the company’s stock after acquiring an additional 339 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Charter Communications were worth $763,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Avior Wealth Management LLC increased its position in shares of Charter Communications by 104.7% during the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after purchasing an additional 45 shares in the last quarter. Sierra Ocean LLC acquired a new stake in shares of Charter Communications during the fourth quarter worth approximately $32,000. Wingate Wealth Advisors Inc. bought a new position in shares of Charter Communications in the fourth quarter valued at approximately $45,000. Union Bancaire Privee UBP SA acquired a new position in shares of Charter Communications in the 4th quarter worth approximately $55,000. Finally, BankPlus Trust Department bought a new stake in Charter Communications during the 4th quarter worth approximately $71,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CHTR shares. Royal Bank of Canada lifted their price objective on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. Barclays lifted their price target on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a report on Thursday, December 12th. StockNews.com upgraded shares of Charter Communications from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Benchmark reissued a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Charter Communications presently has an average rating of “Hold” and an average price target of $389.39.

Charter Communications Trading Up 2.7 %

NASDAQ:CHTR opened at $362.58 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27. The firm has a market capitalization of $51.56 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 0.44 and a beta of 1.13. The business’s 50-day moving average price is $356.16 and its two-hundred day moving average price is $354.82.

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

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.