Charter Communications, Inc. (CHTR) Holdings Cut by Chevy Chase Trust Holdings Inc.

Chevy Chase Trust Holdings Inc. decreased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 5.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 176,306 shares of the company’s stock after selling 10,443 shares during the quarter. Chevy Chase Trust Holdings Inc. owned approximately 0.07% of Charter Communications worth $64,072,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CHTR. Parallel Advisors LLC boosted its stake in Charter Communications by 43.3% in the 2nd quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock worth $121,000 after purchasing an additional 93 shares during the period. Huntington National Bank bought a new position in Charter Communications in the 3rd quarter worth about $128,000. Bessemer Group Inc. boosted its stake in Charter Communications by 50.7% in the 2nd quarter. Bessemer Group Inc. now owns 449 shares of the company’s stock worth $152,000 after purchasing an additional 151 shares during the period. CLS Investments LLC boosted its stake in Charter Communications by 4,733.3% in the 3rd quarter. CLS Investments LLC now owns 435 shares of the company’s stock worth $158,000 after purchasing an additional 426 shares during the period. Finally, Rational Advisors LLC bought a new position in Charter Communications in the 2nd quarter worth about $168,000. Institutional investors own 72.22% of the company’s stock.

Charter Communications, Inc. (NASDAQ CHTR) opened at $325.22 on Friday. The stock has a market capitalization of $80,210.00, a P/E ratio of 205.56, a P/E/G ratio of 6.16 and a beta of 1.06. Charter Communications, Inc. has a 1 year low of $275.34 and a 1 year high of $408.83. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.55.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.77). The business had revenue of $10.46 billion during the quarter, compared to the consensus estimate of $10.49 billion. Charter Communications had a return on equity of 0.91% and a net margin of 1.93%. Charter Communications’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.69 earnings per share. analysts predict that Charter Communications, Inc. will post 2.21 earnings per share for the current year.

In other Charter Communications news, CFO Christopher L. Winfrey acquired 3,100 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were purchased at an average cost of $323.61 per share, for a total transaction of $1,003,191.00. Following the transaction, the chief financial officer now owns 49,916 shares in the company, valued at $16,153,316.76. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.56% of the stock is currently owned by company insiders.

Several analysts have weighed in on the company. Barclays cut Charter Communications from an “equal weight” rating to an “underweight” rating and raised their price target for the company from $267.01 to $283.00 in a report on Monday. Macquarie reaffirmed a “buy” rating and issued a $430.00 price target on shares of Charter Communications in a report on Tuesday, October 3rd. Pivotal Research reaffirmed a “buy” rating and issued a $420.00 price target (up previously from $405.00) on shares of Charter Communications in a report on Friday, October 27th. Moffett Nathanson reaffirmed a “neutral” rating on shares of Charter Communications in a report on Monday, October 16th. Finally, Evercore ISI raised their price target on Charter Communications from $360.00 to $438.00 and gave the company an “outperform” rating in a report on Friday, September 15th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $378.12.

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About Charter Communications

Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.

Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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