Zurcher Kantonalbank Zurich Cantonalbank Sells 493 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 2.5% during the 3rd quarter, Holdings Channel reports. The firm owned 18,892 shares of the company’s stock after selling 493 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Charter Communications were worth $6,123,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in CHTR. Cetera Investment Advisers lifted its holdings in shares of Charter Communications by 432.3% in the first quarter. Cetera Investment Advisers now owns 7,399 shares of the company’s stock worth $2,150,000 after buying an additional 6,009 shares in the last quarter. Cetera Advisors LLC lifted its stake in Charter Communications by 12.2% in the 1st quarter. Cetera Advisors LLC now owns 2,475 shares of the company’s stock worth $719,000 after purchasing an additional 270 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Charter Communications by 359.6% during the 2nd quarter. GAMMA Investing LLC now owns 1,310 shares of the company’s stock valued at $392,000 after purchasing an additional 1,025 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in shares of Charter Communications by 109.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock valued at $48,000 after purchasing an additional 83 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Charter Communications by 193.5% in the second quarter. Versant Capital Management Inc now owns 182 shares of the company’s stock worth $54,000 after purchasing an additional 120 shares during the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Stock Performance

CHTR stock opened at $396.96 on Monday. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The firm has a market cap of $56.45 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 0.63 and a beta of 1.03. The business’s fifty day simple moving average is $353.45 and its two-hundred day simple moving average is $329.97. 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 (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 company had revenue of $13.80 billion during 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 firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the business posted $8.25 EPS. Analysts predict that Charter Communications, Inc. will post 32.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CHTR has been the subject of a number of research reports. 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 research note on Monday, November 4th. Royal Bank of Canada raised their target price on shares of Charter Communications from $345.00 to $390.00 and gave the company a “sector perform” rating in a report on Monday, November 4th. Bank of America raised shares of Charter Communications from a “neutral” rating to a “buy” rating and upped their price target for the company from $385.00 to $450.00 in a research note on Monday, November 4th. Wolfe Research cut shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price objective for the company. in a research note on Monday, September 30th. Finally, Morgan Stanley upped their target price on shares of Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $378.00.

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.