Janney Montgomery Scott LLC lessened its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 31.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 5,093 shares of the company's stock after selling 2,376 shares during the period. Janney Montgomery Scott LLC's holdings in Charter Communications were worth $1,651,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in CHTR. Bessemer Group Inc. grew its stake in Charter Communications by 50.8% during the first quarter. Bessemer Group Inc. now owns 9,147 shares of the company's stock worth $2,658,000 after buying an additional 3,080 shares during the period. AustralianSuper Pty Ltd bought a new position in Charter Communications in the 2nd quarter valued at about $7,171,000. Cetera Investment Advisers grew its position in Charter Communications by 432.3% in the 1st quarter. Cetera Investment Advisers now owns 7,399 shares of the company's stock valued at $2,150,000 after buying an additional 6,009 shares in the last quarter. CX Institutional boosted its position in shares of Charter Communications by 41.5% during the 2nd quarter. CX Institutional now owns 10,905 shares of the company's stock valued at $3,260,000 after purchasing an additional 3,199 shares in the last quarter. Finally, APG Asset Management N.V. boosted its position in shares of Charter Communications by 5.7% during the 2nd quarter. APG Asset Management N.V. now owns 61,412 shares of the company's stock valued at $17,131,000 after purchasing an additional 3,336 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company's stock.
Analyst Ratings Changes
CHTR has been the subject of a number of research reports. TD Cowen lifted their target price on shares of Charter Communications from $488.00 to $525.00 and gave the company a "buy" rating in a research note on Monday, July 29th. JPMorgan Chase & Co. upped 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. Barclays boosted their price target on shares of Charter Communications from $300.00 to $315.00 and gave the company an "underweight" rating in a research report on Monday, November 4th. Wolfe Research lowered shares of Charter Communications from a "peer perform" rating to an "underperform" rating and set a $300.00 target price on the stock. in a research report on Monday, September 30th. Finally, Benchmark upped their target price on shares of Charter Communications from $440.00 to $450.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Charter Communications currently has an average rating of "Hold" and a consensus price target of $379.06.
Check Out Our Latest Stock Report on CHTR
Charter Communications Stock Down 2.9 %
Shares of Charter Communications stock traded down $11.97 during trading on Thursday, hitting $394.25. 1,934,912 shares of the stock traded hands, compared to its average volume of 1,395,645. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $421.16. The stock's fifty day simple moving average is $340.07 and its 200 day simple moving average is $319.36. The firm has a market cap of $56.06 billion, a P/E ratio of 12.72, a price-to-earnings-growth ratio of 0.62 and a beta of 1.03. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24.
Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.55 by $0.27. The firm had revenue of $13.80 billion during the quarter, compared to analysts' expectations of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The company's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the business posted $8.25 earnings per share. On average, equities analysts predict that Charter Communications, Inc. will post 32.87 earnings per share for the current fiscal year.
About Charter Communications
(
Free Report)
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.
Further Reading
Before you consider Charter Communications, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Charter Communications wasn't on the list.
While Charter Communications currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
