Bank of New York Mellon Corp Sells 18,952 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Bank of New York Mellon Corp decreased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 633,251 shares of the company's stock after selling 18,952 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.45% of Charter Communications worth $217,059,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC lifted its holdings in shares of Charter Communications by 27.7% during the third quarter. FMR LLC now owns 1,064,948 shares of the company's stock worth $345,128,000 after purchasing an additional 230,817 shares during the period. Fernbridge Capital Management LP bought a new position in Charter Communications during the 3rd quarter worth $48,200,000. Franklin Resources Inc. lifted its holdings in Charter Communications by 4.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock worth $1,052,868,000 after buying an additional 148,003 shares during the period. Empirical Asset Management LLC bought a new stake in shares of Charter Communications in the 4th quarter valued at about $21,338,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Charter Communications in the third quarter valued at about $17,788,000. Institutional investors and hedge funds own 81.76% of the company's stock.

Charter Communications Stock Up 2.0 %

Shares of CHTR traded up $7.40 during trading hours on Monday, reaching $370.97. The stock had a trading volume of 1,212,179 shares, compared to its average volume of 1,108,224. The company has a market capitalization of $52.75 billion, a price-to-earnings ratio of 10.61, a P/E/G ratio of 0.44 and a beta of 1.11. The firm has a 50-day simple moving average of $352.29 and a 200 day simple moving average of $353.71. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. 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 quarterly earnings data 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 last year, the business earned $7.07 EPS. Equities research analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on CHTR. Bank of America raised Charter Communications from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $385.00 to $450.00 in a research note on Monday, November 4th. Wells Fargo & Company upped their price objective on shares of Charter Communications from $350.00 to $400.00 and gave the company an "equal weight" rating in a research note on Monday, November 4th. Pivotal Research increased their price objective on shares of Charter Communications from $435.00 to $525.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. JPMorgan Chase & Co. boosted their target price on shares of Charter Communications from $385.00 to $400.00 and gave the company a "neutral" rating in a report on Monday, November 4th. Finally, Barclays increased their price target on Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a report on Monday, February 3rd. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Charter Communications currently has a consensus rating of "Hold" and a consensus price target of $384.42.

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.