Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by S&CO Inc.

S&CO Inc. cut its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 17.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,610 shares of the company's stock after selling 1,822 shares during the period. S&CO Inc.'s holdings in Charter Communications were worth $2,790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of CHTR. Capital International Investors raised its position in Charter Communications by 53.6% in the 1st quarter. Capital International Investors now owns 10,558,651 shares of the company's stock worth $3,068,661,000 after purchasing an additional 3,685,451 shares during the period. First Eagle Investment Management LLC raised its holdings in shares of Charter Communications by 172,425.2% in the second quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company's stock worth $104,188,000 after buying an additional 348,299 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Charter Communications by 12,597.3% in the third quarter. Assenagon Asset Management S.A. now owns 249,756 shares of the company's stock worth $80,941,000 after buying an additional 247,789 shares during the period. Pzena Investment Management LLC boosted its holdings in Charter Communications by 6.1% during the 2nd quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company's stock valued at $903,932,000 after acquiring an additional 175,130 shares during the period. Finally, Zimmer Partners LP bought a new position in Charter Communications in the 1st quarter valued at $32,074,000. 81.76% of the stock is owned by institutional investors.

Charter Communications Stock Down 1.2 %

Shares of CHTR stock traded down $4.69 during mid-day trading on Friday, hitting $389.57. 1,027,888 shares of the stock traded hands, compared to its average volume of 1,615,040. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $421.16. The stock has a market cap of $55.40 billion, a P/E ratio of 12.20, a P/E/G ratio of 0.62 and a beta of 1.03. 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 stock's fifty day moving average is $342.59 and its two-hundred day moving average is $321.67.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, beating analysts' consensus estimates of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The company had revenue of $13.80 billion during the quarter, compared to analysts' expectations of $13.66 billion. During the same quarter in the prior year, the company posted $8.25 earnings per share. Charter Communications's revenue for the quarter was up 1.6% compared to the same quarter last year. Equities analysts predict that Charter Communications, Inc. will post 32.87 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Benchmark lifted their target price on Charter Communications from $440.00 to $450.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price objective 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. Bank of America upgraded shares of Charter Communications from a "neutral" rating to a "buy" rating and upped their target price for the stock from $385.00 to $450.00 in a research note on Monday, November 4th. TD Cowen lifted their price target 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. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Charter Communications from $340.00 to $365.00 and gave the stock a "hold" rating in a research note on Monday, November 4th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Charter Communications presently has a consensus rating of "Hold" and a consensus price target of $379.06.

Charter Communications 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.