B. Riley Wealth Advisors Inc. Has $294,000 Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

B. Riley Wealth Advisors Inc. cut its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 13.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 909 shares of the company’s stock after selling 142 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Charter Communications were worth $294,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CHTR. Reston Wealth Management LLC acquired a new position in Charter Communications during the third quarter valued at $26,000. Ashton Thomas Securities LLC acquired a new position in Charter Communications during the third quarter valued at $28,000. Grove Bank & Trust raised its position in Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after buying an additional 34 shares during the period. CVA Family Office LLC raised its position in Charter Communications by 31.3% during the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock valued at $48,000 after buying an additional 35 shares during the period. Finally, Capital Advisors Ltd. LLC raised its position 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 buying an additional 35 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CHTR has been the topic of several recent analyst reports. Royal Bank of Canada upped their price target on Charter Communications from $345.00 to $390.00 and gave the company a “sector perform” rating in a research report on Monday, November 4th. Pivotal Research boosted their target price on Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 4th. BNP Paribas upgraded 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. Barclays boosted their target price on Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a research note on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $384.42.

Charter Communications Stock Performance

CHTR opened at $351.50 on Friday. The stock has a 50-day moving average of $369.85 and a 200-day moving average of $340.17. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27. The company has a market cap of $49.98 billion, a PE ratio of 11.01, a price-to-earnings-growth ratio of 0.60 and a beta of 1.08. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, beating the consensus estimate of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The firm had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. During the same quarter in the prior year, the company earned $8.25 EPS. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, equities research analysts forecast that Charter Communications, Inc. will post 32.87 earnings per share for the current fiscal year.

Charter Communications 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.