Orion Portfolio Solutions LLC Increases Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Orion Portfolio Solutions LLC grew its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 54.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,480 shares of the company’s stock after purchasing an additional 1,576 shares during the period. Orion Portfolio Solutions LLC’s holdings in Charter Communications were worth $1,452,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Reston Wealth Management LLC bought a new stake in shares of Charter Communications in the 3rd quarter worth about $26,000. Ashton Thomas Securities LLC bought a new position in shares of Charter Communications during the third quarter valued at approximately $28,000. 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 worth $39,000 after purchasing an additional 34 shares during the period. CVA Family Office LLC increased its stake in Charter Communications by 31.3% in the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after buying an additional 35 shares during the period. Finally, Capital Advisors Ltd. LLC raised its stake in shares of Charter Communications by 28.7% during the third quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock valued at $51,000 after acquiring an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CHTR. Benchmark lifted their price objective on Charter Communications from $440.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Royal Bank of Canada increased their price objective on Charter Communications from $345.00 to $390.00 and gave the company a “sector perform” rating in a report on Monday, November 4th. KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price for the company in a research note on Thursday. Citigroup upgraded Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price target on the stock in a research note on Wednesday, September 11th. Finally, Bank of America upgraded shares of Charter Communications from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $385.00 to $450.00 in a research note on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Charter Communications has a consensus rating of “Hold” and a consensus target price of $384.42.

Charter Communications Stock Down 2.2 %

Shares of NASDAQ CHTR opened at $379.78 on Friday. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27. The company’s 50-day simple moving average is $366.42 and its 200-day simple moving average is $337.25. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The firm has a market cap of $54.00 billion, a price-to-earnings ratio of 11.89, a price-to-earnings-growth ratio of 0.60 and a beta of 1.08.

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