Sendero Wealth Management LLC Lowers Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Sendero Wealth Management LLC cut its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 33.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,199 shares of the company's stock after selling 1,125 shares during the period. Sendero Wealth Management LLC's holdings in Charter Communications were worth $810,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Charter Communications by 21.5% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 1,462 shares of the company's stock valued at $539,000 after acquiring an additional 259 shares during the last quarter. Sentry Investment Management LLC boosted its holdings in Charter Communications by 25.9% in the first quarter. Sentry Investment Management LLC now owns 306 shares of the company's stock valued at $113,000 after purchasing an additional 63 shares in the last quarter. ST Germain D J Co. Inc. increased its stake in Charter Communications by 1,283.3% in the first quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock valued at $31,000 after purchasing an additional 77 shares during the last quarter. Merit Financial Group LLC acquired a new stake in Charter Communications during the first quarter worth approximately $205,000. Finally, NBC Securities Inc. purchased a new stake in shares of Charter Communications during the 1st quarter worth approximately $47,000. Hedge funds and other institutional investors own 81.76% of the company's stock.

Charter Communications Price Performance

CHTR traded up $2.50 on Thursday, hitting $391.27. 942,162 shares of the company were exchanged, compared to its average volume of 1,276,168. Charter Communications, Inc. has a fifty-two week low of $272.49 and a fifty-two week high of $437.06. 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 firm has a market capitalization of $54.92 billion, a P/E ratio of 11.19, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. The business's fifty day moving average is $376.51 and its 200 day moving average is $367.92.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its earnings results on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $8.70 by ($0.28). The company had revenue of $13.74 billion during the quarter, compared to analysts' expectations of $13.67 billion. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. Charter Communications's quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the company posted $7.55 EPS. As a group, sell-side analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CHTR. Royal Bank of Canada lifted their price target on shares of Charter Communications from $385.00 to $395.00 and gave the stock a "sector perform" rating in a research note on Monday, April 28th. Wells Fargo & Company lifted their target price on Charter Communications from $380.00 to $400.00 and gave the stock an "equal weight" rating in a research report on Monday, April 28th. Citigroup raised their price target on Charter Communications from $425.00 to $445.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Loop Capital raised Charter Communications from a "hold" rating to a "buy" rating and increased their price objective for the company from $430.00 to $510.00 in a report on Monday, May 19th. Finally, Raymond James upgraded shares of Charter Communications from an "underperform" rating to a "market perform" rating in a research report on Monday, May 19th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $409.42.

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.