Cresset Asset Management LLC Sells 33,469 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Cresset Asset Management LLC trimmed its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 94.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,002 shares of the company's stock after selling 33,469 shares during the quarter. Cresset Asset Management LLC's holdings in Charter Communications were worth $686,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CHTR. Avior Wealth Management LLC raised its holdings in shares of Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock valued at $30,000 after acquiring an additional 45 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of Charter Communications in the fourth quarter valued at about $32,000. Generali Asset Management SPA SGR bought a new stake in shares of Charter Communications in the fourth quarter valued at about $36,000. Brown Brothers Harriman & Co. raised its holdings in shares of Charter Communications by 37.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock valued at $36,000 after acquiring an additional 29 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of Charter Communications in the fourth quarter valued at about $45,000. 81.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Loop Capital lifted their price objective on Charter Communications from $385.00 to $430.00 and gave the company a "hold" rating in a report on Monday, April 28th. Morgan Stanley lifted their price objective on Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a report on Monday, April 28th. Barclays lifted their price objective on Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a report on Monday, February 3rd. Benchmark reiterated a "buy" rating and issued a $450.00 target price on shares of Charter Communications in a report on Friday, January 31st. Finally, BNP Paribas reiterated an "underperform" rating and issued a $290.00 target price on shares of Charter Communications in a report on Thursday, April 10th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $399.35.

Charter Communications Price Performance

Shares of CHTR stock opened at $411.13 on Wednesday. Charter Communications, Inc. has a fifty-two week low of $266.06 and a fifty-two week high of $415.27. The firm has a market capitalization of $57.71 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 0.44 and a beta of 1.11. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The stock's 50-day simple moving average is $362.51 and its 200-day simple moving average is $364.17.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The company reported $8.42 earnings per share for the quarter, missing analysts' consensus estimates of $8.70 by ($0.28). Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. The business had revenue of $13.74 billion for the quarter, compared to analysts' expectations of $13.67 billion. During the same quarter in the previous year, the firm posted $7.55 EPS. Charter Communications's revenue was up .4% on a year-over-year basis. As a group, equities analysts forecast 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.

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