Whittier Trust Co. Cuts Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Whittier Trust Co. lessened its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 26.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,436 shares of the company’s stock after selling 507 shares during the quarter. Whittier Trust Co.’s holdings in Charter Communications were worth $492,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Avior Wealth Management LLC increased its holdings in Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after acquiring an additional 45 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of Charter Communications in the fourth quarter worth about $32,000. Generali Asset Management SPA SGR purchased a new stake in shares of Charter Communications in the fourth quarter worth about $36,000. Wingate Wealth Advisors Inc. bought a new position in Charter Communications during the fourth quarter valued at approximately $45,000. Finally, Union Bancaire Privee UBP SA purchased a new position in Charter Communications during the 4th quarter valued at approximately $55,000. Institutional investors own 81.76% of the company’s stock.

Charter Communications Price Performance

Charter Communications stock opened at $363.81 on Friday. The stock has a market cap of $51.73 billion, a price-to-earnings ratio of 10.41, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. The firm has a 50-day moving average of $356.74 and a two-hundred day moving average of $355.00. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same period in the previous year, the company earned $7.07 EPS. On average, research analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CHTR has been the topic of several recent research reports. Benchmark reaffirmed a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective for the company in a research report on Tuesday, November 26th. KeyCorp upgraded 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. Citigroup initiated coverage on shares of Charter Communications in a report on Friday, March 14th. They issued a “buy” rating and a $425.00 price target for the company. Finally, Barclays boosted their price objective on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Charter Communications has an average rating of “Hold” and a consensus price target of $389.39.

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.