Berkshire Hathaway Inc Has $914.52 Million Position in Charter Communications, Inc. (NASDAQ:CHTR)

Berkshire Hathaway Inc cut its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 26.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,821,879 shares of the company's stock after selling 1,007,062 shares during the quarter. Charter Communications makes up 0.3% of Berkshire Hathaway Inc's portfolio, making the stock its 23rd largest holding. Berkshire Hathaway Inc owned about 1.98% of Charter Communications worth $914,515,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Reston Wealth Management LLC acquired a new position in Charter Communications during the 3rd quarter valued at about $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Charter Communications during the third quarter worth approximately $28,000. CVA Family Office LLC boosted its position in shares of Charter Communications by 5,500.0% during the second quarter. CVA Family Office LLC now owns 112 shares of the company's stock worth $33,000 after buying an additional 110 shares during the period. Grove Bank & Trust grew its holdings in Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company's stock worth $39,000 after buying an additional 34 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its position in Charter Communications by 109.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company's stock valued at $48,000 after acquiring an additional 83 shares during the period. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Trading Down 0.6 %

Shares of Charter Communications stock traded down $2.54 during trading on Monday, hitting $394.43. The stock had a trading volume of 1,194,181 shares, compared to its average volume of 1,374,710. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The company has a market capitalization of $56.09 billion, a PE ratio of 12.35, a P/E/G ratio of 0.63 and a beta of 1.03. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The stock has a 50 day simple moving average of $353.45 and a 200 day simple moving average of $329.97.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.55 by $0.27. The company had revenue of $13.80 billion for the quarter, compared to the consensus estimate of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The company's revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the business earned $8.25 EPS. On average, research analysts expect that Charter Communications, Inc. will post 32.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CHTR. Citigroup raised Charter Communications from a "sell" rating to a "neutral" rating and set a $350.00 price target for the company in a research note on Wednesday, September 11th. JPMorgan Chase & Co. raised their target price on shares of Charter Communications from $385.00 to $400.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. BNP Paribas upgraded shares of Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 price target on the stock in a research report on Tuesday, November 26th. Wells Fargo & Company increased their price objective on shares of Charter Communications from $350.00 to $400.00 and gave the company an "equal weight" rating in a report on Monday, November 4th. Finally, Barclays boosted their target price on Charter Communications from $300.00 to $315.00 and gave the stock an "underweight" rating in a report on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $378.00.

About Charter Communications

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.