Pure Financial Advisors LLC Lowers Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Pure Financial Advisors LLC trimmed its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 8.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,052 shares of the company’s stock after selling 96 shares during the period. Pure Financial Advisors LLC’s holdings in Charter Communications were worth $361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV raised its holdings in shares of Charter Communications by 8.2% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 3,712 shares of the company’s stock valued at $1,110,000 after purchasing an additional 282 shares in the last quarter. Intech Investment Management LLC raised its holdings in shares of Charter Communications by 150.8% in the 2nd quarter. Intech Investment Management LLC now owns 1,936 shares of the company’s stock valued at $579,000 after purchasing an additional 1,164 shares in the last quarter. Frank Rimerman Advisors LLC raised its holdings in shares of Charter Communications by 21,700.0% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 2,398 shares of the company’s stock valued at $717,000 after purchasing an additional 2,387 shares in the last quarter. Fidelis Capital Partners LLC raised its holdings in shares of Charter Communications by 84.5% in the 2nd quarter. Fidelis Capital Partners LLC now owns 572 shares of the company’s stock valued at $171,000 after purchasing an additional 262 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Charter Communications by 9.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 423 shares of the company’s stock valued at $126,000 after purchasing an additional 37 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Bank of America upgraded shares of Charter Communications from a “neutral” rating to a “buy” rating and boosted their price target for the company from $385.00 to $450.00 in a report on Monday, November 4th. KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target for the company in a report on Thursday, December 12th. Morgan Stanley boosted their price objective on shares of Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Wells Fargo & Company boosted their price objective on shares of Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Finally, Benchmark boosted their price objective on shares of Charter Communications from $440.00 to $450.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $383.89.

Charter Communications Price Performance

Shares of NASDAQ CHTR opened at $350.56 on Wednesday. The firm has a 50-day simple moving average of $369.43 and a 200-day simple moving average of $350.11. The stock has a market capitalization of $49.85 billion, a price-to-earnings ratio of 10.98, a price-to-earnings-growth ratio of 0.51 and a beta of 1.10. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The firm had revenue of $13.80 billion during the quarter, compared to analysts’ expectations of $13.66 billion. During the same period last year, the business earned $8.25 earnings per share. Charter Communications’s revenue was up 1.6% compared to the same quarter last year. On average, equities analysts predict that Charter Communications, Inc. will post 34.46 earnings per share for the current fiscal year.

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.