Truist Financial Corp Has $2.53 Million Position in Charter Communications, Inc. (NASDAQ:CHTR)

Truist Financial Corp cut its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 14.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,390 shares of the company's stock after selling 1,299 shares during the period. Truist Financial Corp's holdings in Charter Communications were worth $2,533,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Franklin Resources Inc. increased its position in shares of Charter Communications by 4.9% during the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock valued at $1,052,868,000 after purchasing an additional 148,003 shares during the period. Geode Capital Management LLC boosted its stake in Charter Communications by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company's stock valued at $785,744,000 after buying an additional 13,430 shares in the last quarter. FMR LLC boosted its stake in Charter Communications by 27.7% in the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company's stock valued at $345,128,000 after buying an additional 230,817 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Charter Communications by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company's stock valued at $267,267,000 after buying an additional 7,008 shares in the last quarter. Finally, Cryder Capital Partners LLP boosted its stake in Charter Communications by 8.0% in the 3rd quarter. Cryder Capital Partners LLP now owns 533,036 shares of the company's stock valued at $172,746,000 after buying an additional 39,334 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Trading Up 1.3 %

Charter Communications stock traded up $4.53 during mid-day trading on Friday, hitting $363.57. The stock had a trading volume of 1,386,004 shares, compared to its average volume of 1,111,144. The stock has a 50-day simple moving average of $352.29 and a two-hundred day simple moving average of $353.72. The stock has a market capitalization of $51.70 billion, a PE ratio of 10.40, a P/E/G ratio of 0.44 and a beta of 1.11. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its earnings results on Friday, February 7th. The company reported $10.10 earnings per share 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 last year, the business earned $7.07 EPS. As a group, sell-side analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on CHTR. 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 note on Tuesday, November 26th. Bank of America raised Charter Communications from a "neutral" rating to a "buy" rating and boosted their price target for the company from $385.00 to $450.00 in a research note on Monday, November 4th. Pivotal Research boosted their price target on Charter Communications from $435.00 to $525.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Wells Fargo & Company boosted their price objective on Charter Communications from $350.00 to $400.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. Finally, Royal Bank of Canada increased their target price on Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a report on Monday, February 3rd. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $384.42.

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.