Avantax Advisory Services Inc. Has $371,000 Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Avantax Advisory Services Inc. lifted its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 36.4% during the 4th quarter, HoldingsChannel reports. The fund owned 1,083 shares of the company’s stock after buying an additional 289 shares during the period. Avantax Advisory Services Inc.’s holdings in Charter Communications were worth $371,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Lind Value II ApS bought a new position in shares of Charter Communications during the 4th quarter worth about $9,743,000. Oddo BHF Asset Management Sas acquired a new stake in Charter Communications during the third quarter worth about $1,345,000. Worldquant Millennium Advisors LLC increased its stake in Charter Communications by 193.8% during the third quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company’s stock valued at $12,993,000 after acquiring an additional 26,446 shares during the period. Caprock Group LLC raised its holdings in Charter Communications by 39.7% in the 4th quarter. Caprock Group LLC now owns 3,517 shares of the company’s stock valued at $1,206,000 after acquiring an additional 999 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after purchasing an additional 148,003 shares during the period. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CHTR has been the topic of a number of recent research reports. Royal Bank of Canada lifted their price objective on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. StockNews.com upgraded Charter Communications from a “hold” rating to a “buy” rating in a research note on Tuesday, March 18th. Benchmark reaffirmed a “buy” rating and issued a $450.00 target price on shares of Charter Communications in a report on Friday, January 31st. Citigroup initiated coverage on shares of Charter Communications in a report on Friday, March 14th. They set a “buy” rating and a $425.00 price target for the company. Finally, Barclays upped their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $389.39.

Charter Communications Stock Up 1.0 %

NASDAQ CHTR opened at $367.50 on Tuesday. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27. The stock has a market capitalization of $52.26 billion, a P/E ratio of 10.51, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. The stock has a fifty day moving average of $357.33 and a 200-day moving average of $355.42.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping the consensus estimate of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same quarter in the previous year, the company posted $7.07 earnings per share. On average, equities research analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current 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.