Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Charles Carroll Financial Partners LLC

Charles Carroll Financial Partners LLC lowered its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 32.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,051 shares of the company’s stock after selling 500 shares during the quarter. Charles Carroll Financial Partners LLC’s holdings in Charter Communications were worth $409,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Sapient Capital LLC acquired a new position in shares of Charter Communications during the fourth quarter valued at $376,000. Axxcess Wealth Management LLC lifted its position in Charter Communications by 5.8% in the 4th quarter. Axxcess Wealth Management LLC now owns 660 shares of the company’s stock valued at $257,000 after purchasing an additional 36 shares during the last quarter. Power Wealth Management LLC acquired a new position in Charter Communications during the 4th quarter valued at about $375,000. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Charter Communications in the fourth quarter valued at approximately $81,000. Finally, Amalgamated Bank raised its holdings in shares of Charter Communications by 6.5% during the fourth quarter. Amalgamated Bank now owns 28,665 shares of the company’s stock valued at $11,142,000 after buying an additional 1,739 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CHTR has been the topic of several analyst reports. UBS Group lowered their target price on Charter Communications from $360.00 to $325.00 and set a “neutral” rating on the stock in a research report on Thursday, March 28th. Citigroup cut their price objective on shares of Charter Communications from $300.00 to $280.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. Bank of America decreased their target price on shares of Charter Communications from $315.00 to $300.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. Pivotal Research dropped their price target on shares of Charter Communications from $450.00 to $400.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Finally, Rosenblatt Securities decreased their price objective on shares of Charter Communications from $297.00 to $292.00 and set a “neutral” rating for the company in a report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Charter Communications presently has an average rating of “Hold” and an average price target of $356.47.

Charter Communications Stock Up 1.5 %

Shares of CHTR stock traded up $3.93 on Friday, hitting $265.93. 865,841 shares of the stock were exchanged, compared to its average volume of 1,308,826. The business has a 50-day moving average of $277.79 and a 200 day moving average of $341.59. The company has a current ratio of 0.40, a quick ratio of 0.31 and a debt-to-equity ratio of 6.28. The firm has a market capitalization of $38.62 billion, a P/E ratio of 8.60, a price-to-earnings-growth ratio of 1.07 and a beta of 0.97. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $458.30.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, April 26th. The company reported $7.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). The firm had revenue of $13.68 billion for the quarter, compared to the consensus estimate of $13.75 billion. Charter Communications had a return on equity of 31.42% and a net margin of 8.50%. The company’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.65 EPS. Equities analysts anticipate that Charter Communications, Inc. will post 32.02 EPS for the current 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.