Fortis Capital Management LLC Has $4.89 Million Position in Charter Communications, Inc. (NASDAQ:CHTR)

Fortis Capital Management LLC lessened its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 5.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 15,077 shares of the company’s stock after selling 818 shares during the period. Charter Communications accounts for 1.0% of Fortis Capital Management LLC’s portfolio, making the stock its 27th largest position. Fortis Capital Management LLC’s holdings in Charter Communications were worth $4,886,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Savant Capital LLC boosted its stake in Charter Communications by 1.7% during the 2nd quarter. Savant Capital LLC now owns 1,859 shares of the company’s stock worth $556,000 after acquiring an additional 31 shares during the last quarter. US Bancorp DE grew its holdings in shares of Charter Communications by 0.4% in the 3rd quarter. US Bancorp DE now owns 7,370 shares of the company’s stock valued at $2,388,000 after buying an additional 31 shares during the period. B. Riley Wealth Advisors Inc. increased its position in shares of Charter Communications by 3.1% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company’s stock valued at $314,000 after buying an additional 32 shares in the last quarter. Grove Bank & Trust raised its stake in Charter Communications by 39.1% during the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after buying an additional 34 shares during the period. Finally, CVA Family Office LLC lifted its holdings in Charter Communications by 31.3% during the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after acquiring an additional 35 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Royal Bank of Canada increased their price objective on shares of Charter Communications from $345.00 to $390.00 and gave the stock a “sector perform” rating in a research report on Monday, November 4th. Barclays boosted their target price on Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a research note on Monday, November 4th. Raymond James cut shares of Charter Communications from a “market perform” rating to an “underperform” rating in a research note on Monday, July 29th. Wolfe Research lowered Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 target price on the stock. in a report on Monday, September 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $379.06.

Charter Communications Price Performance

Shares of NASDAQ CHTR opened at $406.22 on Thursday. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $421.16. The firm has a market capitalization of $57.76 billion, a P/E ratio of 12.72, a P/E/G ratio of 0.62 and a beta of 1.03. The firm’s 50-day moving average price is $338.58 and its 200-day moving average price is $318.75. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24.

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

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.