Rothschild & Co Wealth Management UK Ltd Boosts Holdings in Charter Communications, Inc. $CHTR

Rothschild & Co Wealth Management UK Ltd raised its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 0.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 553,753 shares of the company’s stock after acquiring an additional 3,530 shares during the quarter. Charter Communications makes up 3.4% of Rothschild & Co Wealth Management UK Ltd’s holdings, making the stock its 12th biggest position. Rothschild & Co Wealth Management UK Ltd’s holdings in Charter Communications were worth $226,380,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. SouthState Corp purchased a new position in Charter Communications in the first quarter valued at approximately $25,000. Atlantic Union Bankshares Corp purchased a new position in shares of Charter Communications during the 2nd quarter valued at $25,000. Salem Investment Counselors Inc. grew its stake in shares of Charter Communications by 2,033.3% during the 2nd quarter. Salem Investment Counselors Inc. now owns 64 shares of the company’s stock worth $26,000 after acquiring an additional 61 shares during the period. Ameritas Advisory Services LLC purchased a new stake in Charter Communications in the 2nd quarter worth about $28,000. Finally, SBI Securities Co. Ltd. raised its stake in Charter Communications by 93.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 85 shares of the company’s stock valued at $31,000 after acquiring an additional 41 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

CHTR has been the subject of a number of research reports. Citigroup cut their target price on shares of Charter Communications from $325.00 to $310.00 and set a “buy” rating for the company in a research report on Monday. Oppenheimer cut shares of Charter Communications from an “outperform” rating to a “market perform” rating in a report on Tuesday. Royal Bank Of Canada cut their price target on Charter Communications from $325.00 to $265.00 and set a “sector perform” rating for the company in a report on Monday. Benchmark reduced their price target on Charter Communications from $475.00 to $425.00 and set a “buy” rating for the company in a research report on Monday. Finally, UBS Group dropped their price objective on Charter Communications from $425.00 to $355.00 and set a “neutral” rating on the stock in a report on Monday, July 28th. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Charter Communications currently has a consensus rating of “Reduce” and a consensus price target of $329.56.

Charter Communications Trading Down 3.2%

Charter Communications stock opened at $217.86 on Friday. The stock has a market cap of $29.76 billion, a P/E ratio of 5.97, a PEG ratio of 0.55 and a beta of 1.04. Charter Communications, Inc. has a fifty-two week low of $214.83 and a fifty-two week high of $437.06. The firm’s fifty day moving average price is $258.13 and its 200-day moving average price is $325.39. The company has a debt-to-equity ratio of 4.57, a quick ratio of 0.33 and a current ratio of 0.33.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, October 31st. The company reported $8.34 EPS for the quarter, missing the consensus estimate of $9.66 by ($1.32). Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.The business had revenue of $13.67 billion for the quarter, compared to analysts’ expectations of $13.76 billion. During the same quarter in the previous year, the firm earned $8.82 earnings per share. Charter Communications’s quarterly revenue was down .7% compared to the same quarter last year. Equities research analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

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.