Westside Investment Management Inc. Has $1.39 Million Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Westside Investment Management Inc. lowered its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,049 shares of the company’s stock after selling 173 shares during the quarter. Westside Investment Management Inc.’s holdings in Charter Communications were worth $1,388,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC raised its holdings in Charter Communications by 17.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 32,478 shares of the company’s stock worth $11,132,000 after buying an additional 4,813 shares during the period. Atomi Financial Group Inc. raised its holdings in shares of Charter Communications by 21.2% during the fourth quarter. Atomi Financial Group Inc. now owns 1,033 shares of the company’s stock worth $354,000 after acquiring an additional 181 shares during the period. Aaron Wealth Advisors LLC acquired a new stake in shares of Charter Communications during the fourth quarter worth $230,000. HB Wealth Management LLC boosted its stake in Charter Communications by 8.2% in the 4th quarter. HB Wealth Management LLC now owns 1,660 shares of the company’s stock worth $569,000 after purchasing an additional 126 shares during the period. Finally, Premier Path Wealth Partners LLC boosted its stake in Charter Communications by 26.5% in the 4th quarter. Premier Path Wealth Partners LLC now owns 949 shares of the company’s stock worth $325,000 after purchasing an additional 199 shares during the period. Institutional investors own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CHTR. Bank of America upgraded 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. Wolfe Research cut Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 target price on the stock. in a research note on Monday, September 30th. Pivotal Research raised their price target 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. Wells Fargo & Company lifted their price objective on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. increased their target price on shares of Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $383.89.

Charter Communications Stock Down 1.3 %

Shares of NASDAQ CHTR opened at $345.91 on Wednesday. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27. The stock’s fifty day moving average is $368.61 and its 200 day moving average is $350.45. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market capitalization of $49.19 billion, a P/E ratio of 10.83, a PEG ratio of 0.51 and a beta of 1.10.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, beating the consensus estimate of $8.55 by $0.27. The company had revenue of $13.80 billion during the quarter, compared to analysts’ expectations of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $8.25 EPS. Sell-side analysts forecast that Charter Communications, Inc. will post 34.46 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.