S&CO Inc. Decreases Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

S&CO Inc. lowered its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 17.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,610 shares of the company’s stock after selling 1,822 shares during the period. S&CO Inc.’s holdings in Charter Communications were worth $2,790,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CHTR. Reston Wealth Management LLC purchased a new position in Charter Communications during the 3rd quarter valued at about $26,000. Ashton Thomas Securities LLC bought a new stake in Charter Communications during the 3rd quarter valued at approximately $28,000. CVA Family Office LLC boosted its position in Charter Communications by 5,500.0% during the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after acquiring an additional 110 shares in the last quarter. New Covenant Trust Company N.A. purchased a new stake in shares of Charter Communications in the 1st quarter worth approximately $34,000. Finally, Grove Bank & Trust grew its stake in shares of Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after buying an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

Shares of NASDAQ:CHTR opened at $389.57 on Friday. The firm has a 50 day moving average of $342.59 and a 200 day moving average of $321.24. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $421.16. The company has a market capitalization of $55.40 billion, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of 0.62 and a beta of 1.03.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, beating analysts’ consensus estimates of $8.55 by $0.27. The firm had revenue of $13.80 billion for the quarter, compared to analyst estimates of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $8.25 earnings per share. On average, sell-side analysts predict that Charter Communications, Inc. will post 32.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on CHTR shares. Morgan Stanley increased their target price on Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Barclays increased their price target on Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a report on Monday, November 4th. JPMorgan Chase & Co. increased their price target on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised their target price on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Finally, Wells Fargo & Company raised their target price on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $379.06.

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.