Summit Trail Advisors LLC Has $717,000 Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Summit Trail Advisors LLC grew its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 14.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,091 shares of the company’s stock after buying an additional 265 shares during the period. Summit Trail Advisors LLC’s holdings in Charter Communications were worth $717,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Reston Wealth Management LLC bought a new position in Charter Communications during the third quarter worth $26,000. Ashton Thomas Securities LLC bought a new stake in Charter Communications in the third quarter valued at $28,000. Avior Wealth Management LLC raised its holdings in shares of Charter Communications by 104.7% during the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after purchasing an additional 45 shares during the period. Grove Bank & Trust boosted its position in shares of 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 purchasing an additional 34 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new stake in shares of Charter Communications in the 4th quarter valued at about $45,000. Institutional investors own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CHTR shares. Morgan Stanley upped their price target on Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Benchmark reaffirmed a “buy” rating and set a $450.00 target price on shares of Charter Communications in a research report on Friday, January 31st. Bank of America upgraded Charter Communications from a “neutral” rating to a “buy” rating and increased their target price for the stock from $385.00 to $450.00 in a report on Monday, November 4th. BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price target for the company in a research note on Tuesday, November 26th. Finally, 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 research note on Thursday, December 12th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $384.42.

Charter Communications Price Performance

Shares of NASDAQ CHTR opened at $350.92 on Wednesday. The company has a market capitalization of $49.90 billion, a PE ratio of 10.04, a PEG ratio of 0.43 and a beta of 1.11. The company has a quick ratio of 0.34, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The stock’s 50 day moving average price is $357.80 and its 200-day moving average price is $354.31. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27.

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