Frank Rimerman Advisors LLC Sells 283 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Frank Rimerman Advisors LLC decreased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 11.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,259 shares of the company’s stock after selling 283 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Charter Communications were worth $774,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Avior Wealth Management LLC increased its stake in shares of Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after buying an additional 45 shares during the period. Sierra Ocean LLC acquired a new stake in shares of Charter Communications in the 4th quarter valued at $32,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Charter Communications in the 4th quarter valued at $45,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Charter Communications in the 4th quarter valued at $55,000. Finally, BankPlus Trust Department acquired a new stake in shares of Charter Communications in the 4th quarter valued at $71,000. Institutional investors own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CHTR. Citigroup assumed coverage on Charter Communications in a research note on Friday. They issued a “buy” rating and a $425.00 target price for the company. Benchmark reaffirmed a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a research note on Friday, January 31st. Royal Bank of Canada lifted their price objective on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. Barclays lifted their price objective on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. Finally, KeyCorp raised 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, December 12th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $388.37.

Charter Communications Stock Performance

Shares of Charter Communications stock opened at $351.50 on Friday. The firm has a market cap of $49.98 billion, a price-to-earnings ratio of 10.05, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. The stock’s 50-day moving average is $355.59 and its 200-day moving average is $354.72. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) 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 quarter last year, the firm earned $7.07 EPS. Equities analysts predict that Charter Communications, Inc. will post 38.16 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.