Choreo LLC Has $2.30 Million Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Choreo LLC lessened its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 5.9% in the 4th quarter, HoldingsChannel reports. The fund owned 6,701 shares of the company’s stock after selling 417 shares during the quarter. Choreo LLC’s holdings in Charter Communications were worth $2,300,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHTR. Reston Wealth Management LLC acquired a new stake in Charter Communications in the 3rd quarter valued at about $26,000. Ashton Thomas Securities LLC bought a new position in shares of Charter Communications in the 3rd quarter valued at about $28,000. Avior Wealth Management LLC boosted its stake in shares of Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after purchasing an additional 45 shares during the last quarter. Grove Bank & Trust boosted its stake in shares of Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after purchasing an additional 34 shares during the last quarter. Finally, CVA Family Office LLC boosted its stake in shares of Charter Communications by 31.3% in the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company’s stock valued at $48,000 after purchasing an additional 35 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analyst Ratings Changes

CHTR has been the topic of several recent research reports. Bank of America raised shares of Charter Communications from a “neutral” rating to a “buy” rating and raised their target price for the company from $385.00 to $450.00 in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Benchmark reissued a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a research note on Friday, January 31st. Pivotal Research lifted their price objective on shares of Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, Royal Bank of Canada lifted their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research note on Monday. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $384.42.

Charter Communications Price Performance

NASDAQ CHTR opened at $353.31 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. The company has a market capitalization of $50.24 billion, a PE ratio of 10.11, a price-to-earnings-growth ratio of 0.46 and a beta of 1.11. The firm’s 50 day moving average is $360.53 and its 200-day moving average is $353.34.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same quarter in the prior year, the business earned $7.07 EPS. Equities research analysts anticipate that Charter Communications, Inc. will post 36.73 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.