Centricity Wealth Management LLC Invests $231,000 in Charter Communications, Inc. (NASDAQ:CHTR)

Centricity Wealth Management LLC bought a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 673 shares of the company’s stock, valued at approximately $231,000.

Several other hedge funds have also bought and sold shares of the stock. Chemistry Wealth Management LLC lifted its position in shares of Charter Communications by 4.8% during the 4th quarter. Chemistry Wealth Management LLC now owns 660 shares of the company’s stock valued at $226,000 after buying an additional 30 shares in the last quarter. US Bancorp DE raised its stake in Charter Communications by 0.4% during the 3rd quarter. US Bancorp DE now owns 7,370 shares of the company’s stock worth $2,388,000 after acquiring an additional 31 shares during the period. Capital Advisors Ltd. LLC lifted its holdings in 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 purchasing an additional 35 shares in the last quarter. Allworth Financial LP lifted its holdings in Charter Communications by 16.4% during the fourth quarter. Allworth Financial LP now owns 256 shares of the company’s stock valued at $90,000 after purchasing an additional 36 shares in the last quarter. Finally, Brooklyn Investment Group boosted its position in shares of Charter Communications by 5.8% in the fourth quarter. Brooklyn Investment Group now owns 671 shares of the company’s stock worth $230,000 after purchasing an additional 37 shares during the period. Institutional investors own 81.76% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on CHTR. Wells Fargo & Company raised their price objective on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Royal Bank of Canada raised their price target on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Barclays upped 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. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price on the stock in a research note on Tuesday, November 26th. Finally, Pivotal Research boosted their price target on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $384.42.

Charter Communications Stock Performance

Shares of NASDAQ:CHTR opened at $363.01 on Friday. The firm has a fifty day simple moving average of $352.91 and a two-hundred day simple moving average of $353.66. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The stock has a market capitalization of $51.62 billion, a P/E ratio of 10.38, a PEG ratio of 0.44 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, February 7th. The company reported $10.10 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 period last year, the company earned $7.07 earnings per share. On average, analysts expect 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.