Douglas Lane & Associates LLC Sells 13,746 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Douglas Lane & Associates LLC lessened its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 5.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 229,067 shares of the company’s stock after selling 13,746 shares during the period. Charter Communications accounts for approximately 1.1% of Douglas Lane & Associates LLC’s investment portfolio, making the stock its 26th largest holding. Douglas Lane & Associates LLC’s holdings in Charter Communications were worth $78,517,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CHTR. Reston Wealth Management LLC acquired a new stake in shares of Charter Communications in the 3rd quarter worth $26,000. Ashton Thomas Securities LLC acquired a new stake in Charter Communications in the third quarter worth about $28,000. Grove Bank & Trust grew its stake in shares of Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after acquiring an additional 34 shares during the last quarter. CVA Family Office LLC increased its holdings in shares of Charter Communications by 31.3% during the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock valued at $48,000 after acquiring an additional 35 shares in the last quarter. Finally, Capital Advisors Ltd. LLC raised its position in shares of Charter Communications by 28.7% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock valued at $51,000 after purchasing an additional 35 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Price Performance

CHTR traded up $1.25 during trading on Wednesday, hitting $348.88. The company’s stock had a trading volume of 401,931 shares, compared to its average volume of 962,217. The firm has a market capitalization of $49.61 billion, a price-to-earnings ratio of 10.93, a P/E/G ratio of 0.60 and a beta of 1.10. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The business’s fifty day simple moving average is $374.62 and its 200 day simple moving average is $346.93. 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 quarterly earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, topping the consensus estimate of $8.55 by $0.27. The company 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 firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $8.25 EPS. On average, equities research analysts forecast that Charter Communications, Inc. will post 32.87 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wells Fargo & Company upped their price target on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Royal Bank of Canada raised their target price on Charter Communications from $345.00 to $390.00 and gave the stock a “sector perform” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. boosted their price target on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price for the company in a report on Tuesday, November 26th. Finally, Benchmark raised their price target on shares of Charter Communications from $440.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $384.42.

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.