abrdn plc cut its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 14.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,616 shares of the company's stock after selling 5,352 shares during the quarter. abrdn plc's holdings in Charter Communications were worth $10,806,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new position in shares of Charter Communications in the 2nd quarter worth $1,212,000. Czech National Bank lifted its holdings in shares of Charter Communications by 5.9% in the 3rd quarter. Czech National Bank now owns 19,772 shares of the company's stock worth $6,408,000 after purchasing an additional 1,108 shares in the last quarter. Diversified Trust Co lifted its holdings in shares of Charter Communications by 6.4% in the 3rd quarter. Diversified Trust Co now owns 883 shares of the company's stock worth $286,000 after purchasing an additional 53 shares in the last quarter. Atomi Financial Group Inc. bought a new position in shares of Charter Communications in the 3rd quarter worth $276,000. Finally, Brookstone Capital Management lifted its holdings in shares of Charter Communications by 116.7% in the 3rd quarter. Brookstone Capital Management now owns 1,508 shares of the company's stock worth $489,000 after purchasing an additional 812 shares in the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.
Charter Communications Trading Up 2.1 %
Charter Communications stock traded up $7.19 during trading hours on Tuesday, reaching $350.92. The company had a trading volume of 612,957 shares, compared to its average volume of 1,208,565. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.34. The company has a 50-day moving average price of $357.80 and a 200 day moving average price of $354.31. The firm has a market cap of $49.90 billion, a price-to-earnings ratio of 10.04, a P/E/G ratio of 0.43 and a beta of 1.11. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27.
Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) 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 firm earned $7.07 EPS. Equities analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.
Analyst Upgrades and Downgrades
CHTR has been the subject of a number of analyst reports. BNP Paribas raised Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 price target for the company in a research report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft increased their price target on Charter Communications from $340.00 to $365.00 and gave the company a "hold" rating in a research report on Monday, November 4th. Morgan Stanley increased their price target on Charter Communications from $360.00 to $415.00 and gave the company an "equal weight" rating in a research report on Monday, November 4th. Wells Fargo & Company increased their price target on Charter Communications from $350.00 to $400.00 and gave the company an "equal weight" rating in a research report on Monday, November 4th. Finally, Bank of America raised Charter Communications from a "neutral" rating to a "buy" rating and raised their target price for the company from $385.00 to $450.00 in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $384.42.
Check Out Our Latest Analysis on Charter Communications
Charter Communications Company Profile
(
Free Report)
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.
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