Argyle Capital Management Inc. Has $584,000 Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Argyle Capital Management Inc. decreased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 19.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,503 shares of the company’s stock after selling 368 shares during the period. Argyle Capital Management Inc.’s holdings in Charter Communications were worth $584,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CHTR. Wetzel Investment Advisors Inc. bought a new position in Charter Communications during the fourth quarter valued at about $25,000. Catalyst Capital Advisors LLC raised its holdings in Charter Communications by 32.1% during the third quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company’s stock valued at $49,000 after buying an additional 27 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in Charter Communications during the fourth quarter valued at about $44,000. NBC Securities Inc. bought a new position in Charter Communications during the third quarter valued at about $56,000. Finally, Bourgeon Capital Management LLC raised its holdings in Charter Communications by 219.5% during the fourth quarter. Bourgeon Capital Management LLC now owns 131 shares of the company’s stock valued at $51,000 after buying an additional 90 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Performance

CHTR traded down $4.49 on Friday, hitting $254.61. 2,600,137 shares of the stock traded hands, compared to its average volume of 1,187,039. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $458.30. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 6.51. The firm has a market capitalization of $36.98 billion, a PE ratio of 8.23, a P/E/G ratio of 0.44 and a beta of 0.96. The business has a fifty day moving average price of $281.16 and a two-hundred day moving average price of $346.74.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, April 26th. The company reported $7.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.78 by ($0.23). Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The firm had revenue of $13.68 billion for the quarter, compared to the consensus estimate of $13.75 billion. During the same quarter in the prior year, the firm earned $6.65 earnings per share. The company’s revenue was up .2% on a year-over-year basis. On average, research analysts predict that Charter Communications, Inc. will post 31.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CHTR shares. Benchmark cut their target price on Charter Communications from $490.00 to $440.00 and set a “buy” rating on the stock in a report on Monday, February 5th. Bank of America cut their target price on Charter Communications from $350.00 to $315.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. JPMorgan Chase & Co. dropped their price objective on Charter Communications from $370.00 to $335.00 and set a “neutral” rating on the stock in a research note on Monday, April 1st. Deutsche Bank Aktiengesellschaft dropped their price objective on Charter Communications from $375.00 to $320.00 and set a “hold” rating on the stock in a research note on Tuesday, April 16th. Finally, Pivotal Research dropped their price objective on Charter Communications from $500.00 to $450.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Charter Communications has an average rating of “Hold” and a consensus target price of $380.80.

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.