Capital Bank & Trust Co Cuts Holdings in Charter Communications, Inc. (CHTR)
Capital Bank & Trust Co decreased its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 2.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 234,547 shares of the company’s stock after selling 5,892 shares during the quarter. Capital Bank & Trust Co owned approximately 0.09% of Charter Communications worth $85,239,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in CHTR. Parallel Advisors LLC increased its position in Charter Communications by 43.3% during the 2nd quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock worth $121,000 after buying an additional 93 shares during the period. Huntington National Bank bought a new position in Charter Communications during the 3rd quarter worth $128,000. Bessemer Group Inc. increased its position in Charter Communications by 50.7% during the 2nd quarter. Bessemer Group Inc. now owns 449 shares of the company’s stock worth $152,000 after buying an additional 151 shares during the period. CLS Investments LLC increased its position in Charter Communications by 4,733.3% during the 3rd quarter. CLS Investments LLC now owns 435 shares of the company’s stock worth $158,000 after buying an additional 426 shares during the period. Finally, Rational Advisors LLC bought a new position in Charter Communications during the 2nd quarter worth $168,000. 72.22% of the stock is owned by institutional investors and hedge funds.
Several research analysts have weighed in on CHTR shares. Citigroup increased their price objective on Charter Communications from $378.00 to $456.00 and gave the stock a “buy” rating in a research report on Tuesday, August 22nd. UBS reiterated a “buy” rating and set a $450.00 price objective (up previously from $380.00) on shares of Charter Communications in a research report on Monday, August 14th. Macquarie reiterated a “buy” rating and set a $430.00 price objective on shares of Charter Communications in a research report on Tuesday, October 3rd. Royal Bank Of Canada reiterated a “buy” rating and set a $420.00 price objective on shares of Charter Communications in a research report on Monday, September 18th. Finally, SunTrust Banks reiterated a “buy” rating and set a $380.00 price objective on shares of Charter Communications in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. Charter Communications presently has a consensus rating of “Buy” and an average target price of $378.12.
Charter Communications, Inc. (NASDAQ CHTR) opened at $324.50 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.40 and a quick ratio of 0.40. Charter Communications, Inc. has a 12-month low of $275.34 and a 12-month high of $408.83. The company has a market capitalization of $80,673.95, a price-to-earnings ratio of 201.55, a P/E/G ratio of 6.04 and a beta of 1.05.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.77). Charter Communications had a return on equity of 0.91% and a net margin of 1.93%. The company had revenue of $10.46 billion during the quarter, compared to the consensus estimate of $10.49 billion. During the same quarter in the previous year, the business posted $0.69 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. analysts expect that Charter Communications, Inc. will post 2.21 EPS for the current fiscal year.
In related news, CFO Christopher L. Winfrey purchased 3,100 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were bought at an average price of $323.61 per share, for a total transaction of $1,003,191.00. Following the completion of the transaction, the chief financial officer now owns 49,916 shares of the company’s stock, valued at $16,153,316.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.56% of the stock is currently owned by company insiders.
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Charter Communications Profile
Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.
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