DoubleLine ETF Adviser LP Has $3.88 Million Stake in Charter Communications, Inc. (NASDAQ:CHTR)

DoubleLine ETF Adviser LP lowered its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 14.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,311 shares of the company’s stock after selling 1,840 shares during the period. Charter Communications accounts for 1.0% of DoubleLine ETF Adviser LP’s portfolio, making the stock its 27th largest position. DoubleLine ETF Adviser LP’s holdings in Charter Communications were worth $3,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Avior Wealth Management LLC lifted its stake in shares of Charter Communications by 104.7% during the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after acquiring an additional 45 shares during the period. Sierra Ocean LLC bought a new stake in Charter Communications during the 4th quarter worth about $32,000. Generali Asset Management SPA SGR acquired a new position in Charter Communications during the 4th quarter valued at about $36,000. Brown Brothers Harriman & Co. boosted its stake in shares of Charter Communications by 37.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock valued at $36,000 after purchasing an additional 29 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of Charter Communications in the 4th quarter valued at about $45,000. Institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

Shares of CHTR stock opened at $383.00 on Friday. The company has a market capitalization of $54.37 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 0.44 and a beta of 1.13. 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 $260.03 and a 52 week high of $415.27. The company has a 50-day simple moving average of $357.09 and a 200 day simple moving average of $359.97.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, April 25th. The company reported $8.42 EPS for the quarter, missing the consensus estimate of $8.70 by ($0.28). The firm had revenue of $13.74 billion during the quarter, compared to analyst estimates of $13.67 billion. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. Charter Communications’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the company posted $7.55 EPS. On average, sell-side analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analysts Set New Price Targets

CHTR has been the topic of several analyst reports. Royal Bank of Canada increased their price objective on shares of Charter Communications from $385.00 to $395.00 and gave the company a “sector perform” rating in a report on Monday. Benchmark reissued a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. Loop Capital lifted their price objective on Charter Communications from $385.00 to $430.00 and gave the stock a “hold” rating in a research note on Monday. Morgan Stanley increased their target price on Charter Communications from $385.00 to $415.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Wells Fargo & Company boosted their target price on Charter Communications from $380.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Monday. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $399.35.

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.