Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 5.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 587,880 shares of the company's stock after selling 33,616 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.41% of Charter Communications worth $190,520,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Savant Capital LLC grew its stake in Charter Communications by 1.7% during the second quarter. Savant Capital LLC now owns 1,859 shares of the company's stock valued at $556,000 after acquiring an additional 31 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Charter Communications by 0.4% in the 3rd quarter. US Bancorp DE now owns 7,370 shares of the company's stock worth $2,388,000 after acquiring an additional 31 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Charter Communications by 3.1% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company's stock worth $314,000 after acquiring an additional 32 shares during the last quarter. Grove Bank & Trust increased its stake in shares of 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 buying an additional 34 shares during the period. Finally, CVA Family Office LLC increased its stake in shares of Charter Communications by 31.3% in the third quarter. CVA Family Office LLC now owns 147 shares of the company's stock worth $48,000 after buying an additional 35 shares during the period. 81.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CHTR. BNP Paribas raised shares of Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 price objective on the stock in a research report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Charter Communications from $340.00 to $365.00 and gave the stock a "hold" rating in a research note on Monday, November 4th. Barclays upped their target price on shares of Charter Communications from $300.00 to $315.00 and gave the company an "underweight" rating in a research note 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 company from $385.00 to $450.00 in a research note on Monday, November 4th. Finally, Wolfe Research cut shares of Charter Communications from a "peer perform" rating to an "underperform" rating and set a $300.00 price objective on the stock. 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 given a buy rating to the company. According to MarketBeat, Charter Communications presently has an average rating of "Hold" and a consensus price target of $378.00.

Charter Communications Price Performance

Shares of CHTR stock traded up $7.15 during trading hours on Friday, reaching $396.96. The company had a trading volume of 553,485 shares, compared to its average volume of 1,478,226. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a fifty day moving average of $353.45 and a 200-day moving average of $329.56. The company has a market capitalization of $56.45 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 0.63 and a beta of 1.03. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, topping the consensus estimate of $8.55 by $0.27. The company had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The firm's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business posted $8.25 earnings per share. On average, equities analysts anticipate that Charter Communications, Inc. will post 32.87 earnings per share for the current year.

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.