HM Payson & Co. Sells 198 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

HM Payson & Co. lessened its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 47.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 215 shares of the company’s stock after selling 198 shares during the quarter. HM Payson & Co.’s holdings in Charter Communications were worth $74,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CHTR. Farther Finance Advisors LLC increased its holdings in Charter Communications by 77.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 370 shares of the company’s stock valued at $120,000 after buying an additional 162 shares during the period. Van ECK Associates Corp increased its holdings in Charter Communications by 6.0% in the 3rd quarter. Van ECK Associates Corp now owns 931 shares of the company’s stock valued at $309,000 after buying an additional 53 shares during the period. Principal Financial Group Inc. increased its holdings in Charter Communications by 2.3% in the 3rd quarter. Principal Financial Group Inc. now owns 112,103 shares of the company’s stock valued at $36,330,000 after buying an additional 2,495 shares during the period. Assetmark Inc. increased its holdings in Charter Communications by 14.6% in the 3rd quarter. Assetmark Inc. now owns 4,809 shares of the company’s stock valued at $1,559,000 after buying an additional 611 shares during the period. Finally, Atria Investments Inc grew its holdings in shares of Charter Communications by 46.3% in the 3rd quarter. Atria Investments Inc now owns 1,121 shares of the company’s stock worth $363,000 after purchasing an additional 355 shares during the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

Charter Communications stock opened at $379.52 on Monday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The company has a market cap of $53.97 billion, a PE ratio of 10.86, a PEG ratio of 0.44 and a beta of 1.13. The company’s 50-day moving average is $354.80 and its two-hundred day moving average is $354.61.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating analysts’ consensus estimates 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 prior year, the business posted $7.07 EPS. Equities analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CHTR. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price on the stock in a report on Thursday, December 12th. BNP Paribas raised shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price on the stock in a report on Tuesday, November 26th. Royal Bank of Canada upped their target price on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Benchmark reaffirmed a “buy” rating and issued a $450.00 target price on shares of Charter Communications in a report on Friday, January 31st. Finally, Barclays upped their target price on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, Charter Communications has an average rating of “Hold” and a consensus price target of $384.42.

About Charter Communications

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.