AMG National Trust Bank Buys New Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

AMG National Trust Bank purchased a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 3,429 shares of the company's stock, valued at approximately $1,111,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CHTR. Savant Capital LLC lifted its position in shares of Charter Communications by 1.7% during the 2nd quarter. Savant Capital LLC now owns 1,859 shares of the company's stock valued at $556,000 after acquiring an additional 31 shares during the last quarter. US Bancorp DE boosted its position in Charter Communications by 0.4% during the third quarter. US Bancorp DE now owns 7,370 shares of the company's stock valued at $2,388,000 after purchasing an additional 31 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of Charter Communications by 3.1% in the second quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company's stock worth $314,000 after buying an additional 32 shares during the last quarter. Grove Bank & Trust lifted its position in shares of Charter Communications by 39.1% in the third quarter. Grove Bank & Trust now owns 121 shares of the company's stock worth $39,000 after buying an additional 34 shares during the last quarter. Finally, CVA Family Office LLC lifted its position in shares of Charter Communications by 31.3% during the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company's stock worth $48,000 after purchasing an additional 35 shares during the last quarter. 81.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CHTR has been the subject of several research analyst reports. Benchmark boosted their price objective on Charter Communications from $440.00 to $450.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on Charter Communications from $340.00 to $365.00 and gave the stock a "hold" rating in a research report on Monday, November 4th. Wolfe Research lowered Charter Communications from a "peer perform" rating to an "underperform" rating and set a $300.00 price target on the stock. in a research note on Monday, September 30th. Morgan Stanley boosted their price target on Charter Communications from $360.00 to $415.00 and gave the company an "equal weight" rating in a research note on Monday, November 4th. Finally, Bank of America upgraded Charter Communications from a "neutral" rating to a "buy" rating and boosted their price target for the company from $385.00 to $450.00 in a research note on Monday, November 4th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Charter Communications currently has an average rating of "Hold" and an average price target of $379.06.

Charter Communications Stock Up 1.1 %

CHTR stock traded up $4.28 during trading hours on Wednesday, reaching $389.12. 805,549 shares of the stock were exchanged, compared to its average volume of 1,386,793. The firm's 50-day moving average is $345.02 and its 200-day moving average is $323.38. The company has a market cap of $55.33 billion, a price-to-earnings ratio of 12.05, a PEG ratio of 0.62 and a beta of 1.03. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. 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 released its earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $8.55 by $0.27. The firm had revenue of $13.80 billion during the quarter, compared to analysts' expectations of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The company's revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.25 EPS. On average, equities research analysts expect that Charter Communications, Inc. will post 32.87 earnings per share 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.