CENTRAL TRUST Co boosted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR – Free Report) by 38,158.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,633 shares of the company’s stock after buying an additional 25,566 shares during the period. CENTRAL TRUST Co’s holdings in Charter Communications were worth $2,843,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also bought and sold shares of CHTR. Bank of America Corp DE increased its holdings in shares of Charter Communications by 28.4% in the 1st quarter. Bank of America Corp DE now owns 731,708 shares of the company’s stock valued at $157,961,000 after acquiring an additional 161,888 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Charter Communications by 443.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 419,881 shares of the company’s stock worth $46,565,000 after acquiring an additional 342,668 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Charter Communications by 562.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 328,457 shares of the company’s stock worth $36,426,000 after purchasing an additional 278,898 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Charter Communications by 79.2% during the 1st quarter. Sei Investments Co. now owns 250,497 shares of the company’s stock worth $54,078,000 after purchasing an additional 110,684 shares during the last quarter. Finally, Swiss National Bank lifted its stake in shares of Charter Communications by 1.5% during the 1st quarter. Swiss National Bank now owns 246,896 shares of the company’s stock worth $53,300,000 after purchasing an additional 3,560 shares during the last quarter. Institutional investors own 81.76% of the company’s stock.
Trending Headlines about Charter Communications
These are some of the CHTR headlines that stood out recently:
- Positive Sentiment: Cost-cutting and expanded reach: Charter is targeting $2 billion in annualized operating-expense savings. Its Cox acquisition added 11 million passings and 5 million customers, offering potential scale and efficiency benefits for long-term investors. Three Key Takeaways for Long-Term Investors
- Positive Sentiment: Debt transaction: Charter’s $1.5 billion tender offer for long-dated notes was cited in coverage of a recent rally and may signal active debt management. Tender Offer for Long-Dated Notes
- Neutral Sentiment: Hold rating: Morgan Stanley maintained its Hold rating, indicating neither a fresh endorsement nor a downgrade from that firm. Morgan Stanley Maintains Hold Rating
Charter Communications Price Performance
NASDAQ CHTR opened at $132.66 on Friday. The firm’s fifty day simple moving average is $119.19 and its two-hundred day simple moving average is $162.13. The firm has a market capitalization of $15.82 billion, a P/E ratio of 13.72, a P/E/G ratio of 0.72 and a beta of 0.73. The company has a current ratio of 0.37, a quick ratio of 0.36 and a debt-to-equity ratio of 3.58. Charter Communications, Inc. has a 12-month low of $101.11 and a 12-month high of $254.11.
Charter Communications (NASDAQ:CHTR – Get Free Report) last issued its quarterly earnings data on Friday, November 6th. The company reported ($20.50) EPS for the quarter, missing the consensus estimate of $8.94 by ($29.44). The business had revenue of $14.92 billion for the quarter, compared to analysts’ expectations of $13.50 billion. Charter Communications had a net margin of 2.50% and a return on equity of 27.11%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $8.34 EPS. Analysts forecast that Charter Communications, Inc. will post 35.30 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the company. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $150.00 price objective on shares of Charter Communications in a research report on Monday, July 27th. Royal Bank Of Canada reduced their target price on shares of Charter Communications from $160.00 to $150.00 and set a “sector perform” rating for the company in a report on Monday, July 27th. Weiss Ratings downgraded shares of Charter Communications from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, October 2nd. UBS Group decreased their price target 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. Finally, Zacks Research cut shares of Charter Communications from a “hold” rating to a “strong sell” rating in a report on Tuesday. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and eight have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $193.41.
Check Out Our Latest Report on Charter Communications
About Charter Communications
Charter Communications, Inc. provides broadband, video, voice and mobile services in the United States, primarily under its Spectrum brand. Its residential offerings include high-speed internet, television and home phone services, while its business services include connectivity, communications and managed solutions for organizations. The company also offers Spectrum Mobile, a wireless service that complements its broadband business. Charter serves customers across a broad U.S. footprint, including communities where it provides services over its cable network.
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