Janney Montgomery Scott LLC Sells 1,323 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Janney Montgomery Scott LLC lessened its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 17.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,177 shares of the company’s stock after selling 1,323 shares during the period. Janney Montgomery Scott LLC’s holdings in Charter Communications were worth $2,401,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CHTR. Wetzel Investment Advisors Inc. acquired a new stake in shares of Charter Communications during the 4th quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC bought a new position in Charter Communications in the fourth quarter valued at approximately $44,000. Cullen Frost Bankers Inc. grew its holdings in Charter Communications by 769.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 113 shares of the company’s stock worth $44,000 after acquiring an additional 100 shares during the period. Catalyst Capital Advisors LLC raised its position in shares of Charter Communications by 32.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company’s stock valued at $49,000 after acquiring an additional 27 shares during the last quarter. Finally, Bourgeon Capital Management LLC lifted its stake in shares of Charter Communications by 219.5% in the 4th quarter. Bourgeon Capital Management LLC now owns 131 shares of the company’s stock valued at $51,000 after purchasing an additional 90 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Up 1.1 %

CHTR stock opened at $271.46 on Friday. The business has a 50-day moving average of $272.76 and a 200-day moving average of $325.74. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $458.30. The stock has a market capitalization of $39.10 billion, a P/E ratio of 8.78, a P/E/G ratio of 1.08 and a beta of 0.97. The company has a debt-to-equity ratio of 6.28, a current ratio of 0.40 and a quick ratio of 0.40.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, April 26th. The company reported $7.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). The business had revenue of $13.68 billion during the quarter, compared to analyst estimates of $13.75 billion. Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. Charter Communications’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the business earned $6.65 earnings per share. On average, sell-side analysts anticipate that Charter Communications, Inc. will post 32.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CHTR has been the subject of a number of recent analyst reports. UBS Group dropped their price objective on Charter Communications from $360.00 to $325.00 and set a “neutral” rating for the company in a report on Thursday, March 28th. Sanford C. Bernstein raised Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price target for the company in a research note on Monday, March 18th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Charter Communications from $375.00 to $320.00 and set a “hold” rating on the stock in a research note on Tuesday, April 16th. Benchmark lowered their target price on shares of Charter Communications from $490.00 to $440.00 and set a “buy” rating for the company in a research note on Monday, February 5th. Finally, Barclays reduced their price target on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $356.47.

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.