Stock Yards Bank & Trust Co. Reduces Position in Charter Communications, Inc. (NASDAQ:CHTR)

Stock Yards Bank & Trust Co. lessened its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 21.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 565 shares of the company’s stock after selling 155 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Charter Communications were worth $220,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Pzena Investment Management LLC boosted its stake in shares of Charter Communications by 21.0% during the third quarter. Pzena Investment Management LLC now owns 1,459,148 shares of the company’s stock valued at $641,762,000 after purchasing an additional 253,324 shares during the period. Morgan Stanley boosted its stake in shares of Charter Communications by 15.8% during the third quarter. Morgan Stanley now owns 1,186,738 shares of the company’s stock valued at $521,952,000 after purchasing an additional 161,830 shares during the period. Parnassus Investments LLC purchased a new stake in shares of Charter Communications during the third quarter valued at approximately $508,684,000. Northern Trust Corp lifted its stake in Charter Communications by 2.2% in the third quarter. Northern Trust Corp now owns 1,048,544 shares of the company’s stock worth $461,171,000 after acquiring an additional 22,494 shares during the period. Finally, Allen Investment Management LLC lifted its stake in Charter Communications by 25.4% in the third quarter. Allen Investment Management LLC now owns 873,714 shares of the company’s stock worth $384,277,000 after acquiring an additional 177,224 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Benchmark dropped their price target on Charter Communications from $490.00 to $440.00 and set a “buy” rating for the company in a research note on Monday, February 5th. Barclays dropped their price target on Charter Communications from $280.00 to $250.00 and set an “underweight” rating for the company in a research note on Tuesday, April 2nd. Wells Fargo & Company dropped their price target on Charter Communications from $340.00 to $290.00 and set an “equal weight” rating for the company in a research note on Friday, April 5th. Pivotal Research dropped their price target on Charter Communications from $500.00 to $450.00 and set a “buy” rating for the company in a research note on Monday, February 5th. Finally, Rosenblatt Securities dropped their price target on Charter Communications from $334.00 to $297.00 and set a “neutral” rating for the company in a research note on Monday, April 15th. One equities research analyst has 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 data from MarketBeat, the company has an average rating of “Hold” and an average price target of $380.80.

Charter Communications Price Performance

NASDAQ CHTR opened at $264.70 on Thursday. Charter Communications, Inc. has a one year low of $254.31 and a one year high of $458.30. The stock has a 50-day moving average of $282.63 and a 200 day moving average of $350.07. The company has a market capitalization of $38.44 billion, a price-to-earnings ratio of 8.82, a PEG ratio of 0.47 and a beta of 0.96. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.31 and a current ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, February 2nd. The company reported $7.07 EPS for the quarter, missing the consensus estimate of $8.76 by ($1.69). Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. The business had revenue of $13.71 billion during the quarter, compared to the consensus estimate of $13.70 billion. During the same quarter in the previous year, the business posted $7.69 earnings per share. Charter Communications’s quarterly revenue was up .3% compared to the same quarter last year. On average, sell-side analysts forecast that Charter Communications, Inc. will post 32.38 EPS for the current year.

About Charter Communications

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.