Corebridge Financial Inc. Reduces Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Corebridge Financial Inc. lowered its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,286 shares of the company’s stock after selling 1,577 shares during the quarter. Corebridge Financial Inc.’s holdings in Charter Communications were worth $12,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Chemistry Wealth Management LLC grew its holdings in shares of Charter Communications by 4.8% during the 4th quarter. Chemistry Wealth Management LLC now owns 660 shares of the company’s stock worth $226,000 after acquiring an additional 30 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Charter Communications by 3.4% during the fourth quarter. Jones Financial Companies Lllp now owns 904 shares of the company’s stock valued at $310,000 after purchasing an additional 30 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Charter Communications by 5.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 622 shares of the company’s stock worth $213,000 after purchasing an additional 34 shares during the period. Keybank National Association OH lifted its position in Charter Communications by 2.6% during the fourth quarter. Keybank National Association OH now owns 1,392 shares of the company’s stock valued at $477,000 after buying an additional 35 shares during the period. Finally, Allworth Financial LP boosted its holdings in shares of Charter Communications by 16.4% during the 4th quarter. Allworth Financial LP now owns 256 shares of the company’s stock valued at $90,000 after buying an additional 36 shares in the last quarter. 81.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CHTR shares. Barclays increased their price target on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price for the company in a research note on Thursday, December 12th. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price target on the stock in a research report on Tuesday, November 26th. Citigroup assumed coverage on Charter Communications in a research report on Friday, March 14th. They set a “buy” rating and a $425.00 price objective for the company. Finally, Royal Bank of Canada boosted their target price on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $389.39.

Charter Communications Stock Up 2.0 %

Shares of Charter Communications stock opened at $375.01 on Wednesday. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The company’s 50 day moving average is $357.91 and its 200 day moving average is $355.75. The company has a market cap of $53.32 billion, a price-to-earnings ratio of 10.73, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR) last released its quarterly 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 return on equity of 29.01% and a net margin of 9.23%. During the same quarter in the previous year, the business posted $7.07 EPS. Research analysts anticipate that Charter Communications, Inc. will post 38.16 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.