Compass Wealth Management LLC Buys 23,880 Shares of Charter Communications, Inc. $CHTR

Compass Wealth Management LLC purchased a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 23,880 shares of the company’s stock, valued at approximately $2,648,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Gabelli Funds LLC increased its holdings in shares of Charter Communications by 0.3% in the 1st quarter. Gabelli Funds LLC now owns 30,000 shares of the company’s stock valued at $6,476,000 after purchasing an additional 100 shares during the period. V Square Quantitative Management LLC lifted its position in shares of Charter Communications by 3.9% in the first quarter. V Square Quantitative Management LLC now owns 2,768 shares of the company’s stock worth $598,000 after purchasing an additional 104 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Charter Communications by 6.3% in the first quarter. NewEdge Advisors LLC now owns 1,762 shares of the company’s stock worth $380,000 after purchasing an additional 104 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Charter Communications by 11.8% during the first quarter. EverSource Wealth Advisors LLC now owns 1,063 shares of the company’s stock worth $229,000 after purchasing an additional 112 shares during the period. Finally, Glenmede Trust Co. NA boosted its holdings in shares of Charter Communications by 2.1% during the first quarter. Glenmede Trust Co. NA now owns 5,480 shares of the company’s stock worth $1,183,000 after purchasing an additional 113 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Up 4.2%

Shares of NASDAQ CHTR opened at $111.77 on Friday. The stock has a market cap of $13.33 billion, a price-to-earnings ratio of 2.79, a PEG ratio of 0.23 and a beta of 0.70. The business has a 50 day simple moving average of $129.37 and a 200 day simple moving average of $146.29. Charter Communications, Inc. has a 52 week low of $101.63 and a 52 week high of $254.11. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.36 and a current ratio of 0.36.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, July 24th. The company reported $10.66 EPS for the quarter, topping analysts’ consensus estimates of $9.98 by $0.68. The firm had revenue of $13.53 billion for the quarter, compared to the consensus estimate of $13.51 billion. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%. The firm’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $9.18 earnings per share. On average, research analysts predict that Charter Communications, Inc. will post 42.92 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on CHTR. The Goldman Sachs Group lowered their price objective on shares of Charter Communications from $120.00 to $110.00 and set a “sell” rating on the stock in a research report on Friday, September 25th. UBS Group cut their target price on shares of Charter Communications from $235.00 to $140.00 and set a “neutral” rating for the company in a research report on Monday, July 27th. Citigroup lowered their price target on shares of Charter Communications from $190.00 to $180.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. TD Cowen dropped their price target on shares of Charter Communications from $413.00 to $380.00 and set a “buy” rating on the stock in a research note on Monday, July 27th. Finally, Benchmark reiterated a “buy” rating on shares of Charter Communications in a report on Wednesday, July 22nd. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat, Charter Communications presently has a consensus rating of “Reduce” and an average price target of $202.53.

About Charter Communications

Charter Communications, Inc is a telecommunications and broadband services company that operates under the Spectrum brand. The company provides internet access, video entertainment, mobile communications and voice services to residential customers, as well as connectivity, data networking, cloud, security and other communications solutions to businesses and government organizations.

Charter operates one of the largest broadband networks in the United States, serving customers across dozens of states.