Vident Advisory LLC Grows Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Vident Advisory LLC increased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 120.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,794 shares of the company's stock after acquiring an additional 2,624 shares during the period. Vident Advisory LLC's holdings in Charter Communications were worth $1,643,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CHTR. HB Wealth Management LLC raised its holdings in Charter Communications by 8.2% during the fourth quarter. HB Wealth Management LLC now owns 1,660 shares of the company's stock valued at $569,000 after buying an additional 126 shares in the last quarter. Atomi Financial Group Inc. boosted its holdings in Charter Communications by 21.2% during the fourth quarter. Atomi Financial Group Inc. now owns 1,033 shares of the company's stock valued at $354,000 after purchasing an additional 181 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Charter Communications by 17.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 32,478 shares of the company's stock valued at $11,132,000 after acquiring an additional 4,813 shares during the last quarter. Avior Wealth Management LLC raised its stake 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 during the last quarter. Finally, Whalen Wealth Management Inc. bought a new position in Charter Communications in the 4th quarter worth approximately $238,000. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Stock Down 0.6%

NASDAQ:CHTR traded down $2.31 during mid-day trading on Wednesday, hitting $408.82. 193,052 shares of the company's stock were exchanged, compared to its average volume of 1,321,783. Charter Communications, Inc. has a one year low of $268.14 and a one year high of $437.06. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The business has a fifty day moving average price of $373.95 and a 200 day moving average price of $367.76. The company has a market cap of $57.38 billion, a PE ratio of 11.69, a P/E/G ratio of 0.44 and a beta of 1.11.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Wells Fargo & Company lifted their price objective on Charter Communications from $380.00 to $400.00 and gave the stock an "equal weight" rating in a research note on Monday, April 28th. Loop Capital raised shares of Charter Communications from a "hold" rating to a "buy" rating and boosted their price target for the stock from $430.00 to $510.00 in a research report on Monday, May 19th. Wall Street Zen raised shares of Charter Communications from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Barclays increased their price target on shares of Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a report on Monday, February 3rd. Finally, Morgan Stanley raised their target price on shares of Charter Communications from $385.00 to $415.00 and gave the stock an "equal weight" rating in a report on Monday, April 28th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, Charter Communications has an average rating of "Hold" and an average target price of $409.39.

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.