Brookstone Capital Management Has $206,000 Position in Charter Communications, Inc. (NASDAQ:CHTR)

Brookstone Capital Management reduced its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 60.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 602 shares of the company’s stock after selling 906 shares during the period. Brookstone Capital Management’s holdings in Charter Communications were worth $206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. Reston Wealth Management LLC acquired a new position in shares of Charter Communications in the third quarter valued at about $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Charter Communications during the 3rd quarter worth approximately $28,000. Grove Bank & Trust increased its holdings in shares of Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after purchasing an additional 34 shares during the period. CVA Family Office LLC raised its position in shares of Charter Communications by 31.3% in 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 in the last quarter. Finally, Capital Advisors Ltd. LLC boosted its stake in shares of Charter Communications by 28.7% in 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. Institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

Shares of CHTR stock opened at $351.37 on Monday. The firm has a market capitalization of $49.96 billion, a price-to-earnings ratio of 11.00, a PEG ratio of 0.48 and a beta of 1.10. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24. The business’s 50-day moving average price is $370.33 and its 200-day moving average price is $349.42. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27.

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

Wall Street Analyst Weigh In

CHTR has been the subject of several analyst reports. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective for the company in a report on Tuesday, November 26th. Morgan Stanley boosted their price target on Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Benchmark increased their price objective on shares of Charter Communications from $440.00 to $450.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price for the company in a research report on Thursday, December 12th. Finally, Wolfe Research lowered shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target on the stock. in a research report on Monday, September 30th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Charter Communications has a consensus rating of “Hold” and a consensus price target of $383.89.

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.