Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co lowered its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 38.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 667 shares of the company’s stock after selling 421 shares during the period. CENTRAL TRUST Co’s holdings in Charter Communications were worth $229,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CHTR. Reston Wealth Management LLC purchased a new stake in shares of Charter Communications in the third quarter valued at $26,000. Ashton Thomas Securities LLC purchased a new stake in shares of Charter Communications in the third quarter valued at $28,000. Avior Wealth Management LLC lifted its holdings in shares of Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after purchasing an additional 45 shares in the last quarter. Grove Bank & Trust raised its holdings in shares of Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after acquiring an additional 34 shares in the last quarter. Finally, CVA Family Office LLC raised its holdings in shares of Charter Communications by 31.3% during the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after acquiring an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. BNP Paribas upgraded Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective for the company in a report on Tuesday, November 26th. Pivotal Research increased their price objective on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft increased their price objective on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Bank of America upgraded Charter Communications from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $385.00 to $450.00 in a report on Monday, November 4th. Finally, Benchmark reissued a “buy” rating and set a $450.00 target price on shares of Charter Communications in a research report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $384.42.

Charter Communications Trading Down 0.4 %

Shares of NASDAQ:CHTR opened at $340.26 on Wednesday. The company has a market cap of $48.38 billion, a P/E ratio of 9.73, a P/E/G ratio of 0.46 and a beta of 1.11. The stock’s 50-day moving average is $362.42 and its 200-day moving average is $353.26. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.34 and a current ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating the consensus estimate of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same period in the previous year, the firm earned $7.07 earnings per share. Equities research analysts predict that Charter Communications, Inc. will post 36.73 earnings per share 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.