Federated Hermes Inc. Sells 237 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Federated Hermes Inc. lowered its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 64.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 133 shares of the company’s stock after selling 237 shares during the period. Federated Hermes Inc.’s holdings in Charter Communications were worth $49,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Allworth Financial LP raised its stake in Charter Communications by 10.5% during the first quarter. Allworth Financial LP now owns 283 shares of the company’s stock worth $104,000 after buying an additional 27 shares during the last quarter. Brown Advisory Inc. raised its stake in Charter Communications by 1.1% during the first quarter. Brown Advisory Inc. now owns 2,704 shares of the company’s stock worth $997,000 after buying an additional 29 shares during the last quarter. Kathmere Capital Management LLC raised its stake in Charter Communications by 3.8% during the first quarter. Kathmere Capital Management LLC now owns 876 shares of the company’s stock worth $323,000 after buying an additional 32 shares during the last quarter. Larson Financial Group LLC raised its stake in Charter Communications by 70.2% during the first quarter. Larson Financial Group LLC now owns 97 shares of the company’s stock worth $36,000 after buying an additional 40 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in Charter Communications by 1.7% during the first quarter. Sequoia Financial Advisors LLC now owns 2,485 shares of the company’s stock worth $916,000 after buying an additional 41 shares during the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

Shares of CHTR stock opened at $258.77 on Tuesday. The firm has a market cap of $35.35 billion, a price-to-earnings ratio of 7.09, a P/E/G ratio of 0.57 and a beta of 1.02. 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, Inc. has a 52 week low of $254.67 and a 52 week high of $437.06. The firm’s 50-day simple moving average is $365.61 and its two-hundred day simple moving average is $367.34.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, July 25th. The company reported $9.18 earnings per share for the quarter, missing analysts’ consensus estimates of $10.06 by ($0.88). Charter Communications had a return on equity of 26.77% and a net margin of 9.53%. The firm had revenue of $13.77 billion for the quarter, compared to the consensus estimate of $13.76 billion. During the same period last year, the company posted $8.49 EPS. The business’s revenue was up .6% on a year-over-year basis. As a group, equities analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Insider Buying and Selling at Charter Communications

In related news, Director Balan Nair acquired 360 shares of the firm’s stock in a transaction on Thursday, July 31st. The stock was acquired at an average cost of $274.21 per share, for a total transaction of $98,715.60. Following the acquisition, the director owned 9,622 shares of the company’s stock, valued at $2,638,448.62. This trade represents a 3.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Christopher L. Winfrey acquired 3,670 shares of the firm’s stock in a transaction on Thursday, July 31st. The stock was bought at an average price of $273.10 per share, with a total value of $1,002,277.00. Following the completion of the acquisition, the chief executive officer directly owned 70,243 shares in the company, valued at approximately $19,183,363.30. This represents a 5.51% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CHTR shares. UBS Group reduced their price target on shares of Charter Communications from $425.00 to $355.00 and set a “neutral” rating for the company in a report on Monday, July 28th. Bank of America raised their price target on shares of Charter Communications from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Tuesday, July 1st. Wolfe Research upgraded shares of Charter Communications from an “underperform” rating to a “peer perform” rating in a report on Friday, June 20th. Raymond James Financial upgraded shares of Charter Communications from an “underperform” rating to a “market perform” rating in a report on Monday, May 19th. Finally, Oppenheimer upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $500.00 price objective for the company in a report on Friday, May 16th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $410.59.

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.