Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by State Street Corp

State Street Corp lowered its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 6.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,997,842 shares of the company's stock after selling 406,691 shares during the period. State Street Corp owned approximately 4.22% of Charter Communications worth $1,943,781,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of CHTR. Savant Capital LLC lifted its holdings in 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 buying an additional 31 shares in the last quarter. US Bancorp DE raised its stake in shares of 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 acquiring an additional 31 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings 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 valued at $314,000 after purchasing an additional 32 shares during the period. Grove Bank & Trust grew its stake in 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 purchasing an additional 34 shares in the last quarter. Finally, CVA Family Office LLC increased its holdings in 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 period. Hedge funds and other institutional investors own 81.76% of the company's stock.

Charter Communications Stock Performance

CHTR traded down $1.08 on Friday, reaching $403.06. 825,662 shares of the stock were exchanged, compared to its average volume of 1,162,804. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. The company's 50-day moving average price is $361.22 and its 200 day moving average price is $333.96. The firm has a market capitalization of $57.32 billion, a PE ratio of 12.62, a PEG ratio of 0.64 and a beta of 1.08. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The company reported $8.82 EPS for the quarter, beating the consensus estimate of $8.55 by $0.27. The business 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 business's revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $8.25 EPS. As a group, sell-side analysts forecast that Charter Communications, Inc. will post 32.87 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CHTR shares. JPMorgan Chase & Co. upped their target price on Charter Communications from $385.00 to $400.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. Barclays upped their price objective on shares of Charter Communications from $300.00 to $315.00 and gave the stock an "underweight" rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Charter Communications from $340.00 to $365.00 and gave the company a "hold" rating in a research report on Monday, November 4th. Bank of America raised shares of Charter Communications from a "neutral" rating to a "buy" rating and upped their price target for the stock from $385.00 to $450.00 in a research report on Monday, November 4th. Finally, Wolfe Research downgraded shares of Charter Communications from a "peer perform" rating to an "underperform" rating and set a $300.00 price objective for the company. in a research note on Monday, September 30th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Charter Communications presently has a consensus rating of "Hold" and an average price target 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.