Aptus Capital Advisors LLC Has $367,000 Position in Charter Communications, Inc. (NASDAQ:CHTR)

Aptus Capital Advisors LLC grew its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 62.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,131 shares of the company’s stock after buying an additional 433 shares during the period. Aptus Capital Advisors LLC’s holdings in Charter Communications were worth $367,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in CHTR. Reston Wealth Management LLC acquired a new position in shares of Charter Communications during the third quarter valued at about $26,000. Ashton Thomas Securities LLC bought a new stake in Charter Communications in the third quarter valued at about $28,000. CVA Family Office LLC increased its stake in Charter Communications by 5,500.0% in the second quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after acquiring an additional 110 shares during the period. New Covenant Trust Company N.A. bought a new stake in Charter Communications in the first quarter valued at about $34,000. Finally, Grove Bank & Trust increased its stake in Charter Communications by 39.1% in the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after acquiring an additional 34 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Trading Down 1.2 %

CHTR opened at $389.57 on Friday. The firm’s fifty day moving average is $341.34 and its two-hundred day moving average is $319.88. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a market cap of $55.40 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 0.65 and a beta of 1.03. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $421.16.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, November 1st. The company reported $8.82 earnings per share 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 analyst estimates of $13.66 billion. During the same period last year, the business posted $8.25 earnings per share. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. Equities research analysts anticipate that Charter Communications, Inc. will post 32.87 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CHTR. Barclays upped their target price on shares of 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. TD Cowen upped their target price on shares of Charter Communications from $488.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. upped their price objective on shares of Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $379.06.

Charter Communications 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.