Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Bank of Montreal Can

Bank of Montreal Can trimmed its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 25.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 128,329 shares of the company's stock after selling 42,867 shares during the period. Bank of Montreal Can owned about 0.09% of Charter Communications worth $43,987,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Brown Brothers Harriman & Co. increased its holdings in shares of Charter Communications by 37.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock valued at $36,000 after purchasing an additional 29 shares in the last quarter. Chemistry Wealth Management LLC increased its holdings in Charter Communications by 4.8% in 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 in the last quarter. Jones Financial Companies Lllp increased its stake 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 worth $310,000 after purchasing an additional 30 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Charter Communications by 4.2% during the 4th quarter. Quadrant Capital Group LLC now owns 740 shares of the company's stock worth $254,000 after purchasing an additional 30 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Charter Communications by 5.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 622 shares of the company's stock worth $213,000 after buying an additional 34 shares during the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several research firms have recently weighed in on CHTR. Royal Bank of Canada raised their target price on Charter Communications from $380.00 to $385.00 and gave the company a "sector perform" rating in a research report on Monday, February 3rd. Citigroup assumed coverage on shares of Charter Communications in a research note on Friday, March 14th. They set a "buy" rating and a $425.00 target price on the stock. Barclays increased their target price on shares of Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research report on Monday, February 3rd. StockNews.com lowered shares of Charter Communications from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Benchmark reiterated a "buy" rating and issued a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $387.88.

Charter Communications Stock Up 2.0 %

CHTR stock traded up $6.75 during trading on Tuesday, hitting $347.15. 259,998 shares of the company's stock were exchanged, compared to its average volume of 1,262,861. The stock has a market capitalization of $49.28 billion, a price-to-earnings ratio of 9.93, a PEG ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The business has a 50-day moving average price of $358.15 and a two-hundred day moving average price of $358.09.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating analysts' consensus estimates of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same period in the previous year, the firm earned $7.07 earnings per share. As a group, equities research analysts expect 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.