Chevy Chase Trust Holdings LLC Has $17.44 Million Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Chevy Chase Trust Holdings LLC lessened its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 3.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 50,890 shares of the company's stock after selling 1,895 shares during the period. Chevy Chase Trust Holdings LLC's holdings in Charter Communications were worth $17,444,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CHTR. Asset Management One Co. Ltd. boosted its holdings in Charter Communications by 5.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 37,014 shares of the company's stock valued at $12,905,000 after acquiring an additional 1,839 shares during the last quarter. Avestar Capital LLC lifted its stake in Charter Communications by 6.6% in the fourth quarter. Avestar Capital LLC now owns 885 shares of the company's stock valued at $303,000 after buying an additional 55 shares during the period. Van ECK Associates Corp lifted its stake in Charter Communications by 27.5% in the fourth quarter. Van ECK Associates Corp now owns 1,187 shares of the company's stock valued at $407,000 after buying an additional 256 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Charter Communications by 3.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,855 shares of the company's stock valued at $1,696,000 after buying an additional 161 shares during the period. Finally, Carnegie Lake Advisors LLC acquired a new position in Charter Communications in the fourth quarter valued at about $206,000. Institutional investors own 81.76% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CHTR shares. Royal Bank of Canada raised their price target on Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a research report on Monday, February 3rd. BNP Paribas raised 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. JPMorgan Chase & Co. raised their price target on Charter Communications from $385.00 to $400.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. Morgan Stanley raised their price target on Charter Communications from $360.00 to $415.00 and gave the stock an "equal weight" rating in a research report on Monday, November 4th. Finally, Wells Fargo & Company raised their price target on Charter Communications from $350.00 to $400.00 and gave the stock an "equal weight" rating in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $384.42.

Charter Communications Stock Performance

Shares of NASDAQ CHTR traded down $0.16 during midday trading on Wednesday, hitting $361.58. 1,040,677 shares of the company's stock were exchanged, compared to its average volume of 1,138,124. The company has a quick ratio of 0.31, a current 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. The company's 50 day moving average price is $353.75 and its 200 day moving average price is $353.54. The firm has a market capitalization of $51.42 billion, a PE ratio of 10.34, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same period in the prior year, the firm posted $7.07 earnings per share. As a group, analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal 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.