Coldstream Capital Management Inc. Trims Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Coldstream Capital Management Inc. trimmed its position in Charter Communications, Inc. (NASDAQ:CHTRFree Report) by 14.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,507 shares of the company’s stock after selling 261 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Charter Communications were worth $586,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Catalyst Capital Advisors LLC grew its holdings in Charter Communications by 32.1% during the third quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company’s stock worth $49,000 after acquiring an additional 27 shares during the period. Parkside Financial Bank & Trust grew its holdings in Charter Communications by 9.8% in the third quarter. Parkside Financial Bank & Trust now owns 313 shares of the company’s stock valued at $138,000 after purchasing an additional 28 shares during the period. Aspiriant LLC grew its holdings in Charter Communications by 2.3% in the fourth quarter. Aspiriant LLC now owns 1,533 shares of the company’s stock valued at $596,000 after purchasing an additional 35 shares during the period. Axxcess Wealth Management LLC grew its holdings in Charter Communications by 5.8% in the fourth quarter. Axxcess Wealth Management LLC now owns 660 shares of the company’s stock valued at $257,000 after purchasing an additional 36 shares during the period. Finally, Allworth Financial LP grew its holdings in Charter Communications by 23.8% in the third quarter. Allworth Financial LP now owns 198 shares of the company’s stock valued at $87,000 after purchasing an additional 38 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Stock Performance

Shares of Charter Communications stock opened at $271.09 on Thursday. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $458.30. The company has a market cap of $39.05 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 1.10 and a beta of 0.97. The company has a debt-to-equity ratio of 6.28, a quick ratio of 0.40 and a current ratio of 0.40. The business’s 50 day moving average price is $273.72 and its 200 day moving average price is $327.76.

Charter Communications (NASDAQ:CHTRGet Free Report) last announced its quarterly earnings data on Friday, April 26th. The company reported $7.55 EPS for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). Charter Communications had a return on equity of 31.42% and a net margin of 8.50%. The company had revenue of $13.68 billion for the quarter, compared to analysts’ expectations of $13.75 billion. During the same quarter in the previous year, the business posted $6.65 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. On average, research analysts predict that Charter Communications, Inc. will post 32.02 EPS for the current year.

Wall Street Analysts Forecast Growth

CHTR has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective on Charter Communications from $375.00 to $320.00 and set a “hold” rating on the stock in a report on Tuesday, April 16th. Wells Fargo & Company dropped their price objective on Charter Communications from $290.00 to $260.00 and set an “equal weight” rating on the stock in a report on Monday, April 29th. Loop Capital dropped their price objective on Charter Communications from $335.00 to $285.00 and set a “hold” rating on the stock in a report on Monday, April 29th. Barclays lowered their price target on Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 2nd. Finally, Citigroup lowered their price target on Charter Communications from $300.00 to $280.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $356.47.

Check Out Our Latest Stock Report on Charter Communications

About Charter Communications

(Free Report)

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.

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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