Bank of New York Mellon Corp Sells 18,952 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Bank of New York Mellon Corp reduced its stake in Charter Communications, Inc. (NASDAQ:CHTRFree Report) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 633,251 shares of the company’s stock after selling 18,952 shares during the quarter. Bank of New York Mellon Corp’s holdings in Charter Communications were worth $217,059,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Reston Wealth Management LLC bought a new stake in Charter Communications in the third quarter worth $26,000. Ashton Thomas Securities LLC purchased a new position in shares of Charter Communications in the 3rd quarter worth about $28,000. Avior Wealth Management LLC boosted its stake in Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after purchasing an additional 45 shares in the last quarter. Sierra Ocean LLC purchased a new stake in Charter Communications during the 4th quarter valued at about $32,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in Charter Communications during the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Up 1.6 %

NASDAQ CHTR opened at $359.04 on Friday. The stock’s 50-day moving average price is $352.05 and its 200-day moving average price is $353.63. The company has a market capitalization of $51.05 billion, a P/E ratio of 10.27, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27.

Charter Communications (NASDAQ:CHTRGet Free Report) last issued its quarterly 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 net margin of 9.23% and a return on equity of 29.01%. During the same quarter in the prior year, the company earned $7.07 EPS. On average, equities research analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CHTR. Bank of America upgraded shares of Charter Communications from a “neutral” rating to a “buy” rating and increased their price target for the company from $385.00 to $450.00 in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft boosted their price target on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Morgan Stanley lifted their price objective on Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price on the stock in a research note on Tuesday, November 26th. Finally, Benchmark reiterated a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. 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’s stock. According to MarketBeat.com, Charter Communications presently has a consensus rating of “Hold” and a consensus target price of $384.42.

Get Our Latest Stock Report on CHTR

Charter Communications Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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