CENTRAL TRUST Co Sells 421 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

CENTRAL TRUST Co lowered its position in Charter Communications, Inc. (NASDAQ:CHTR) by 38.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 667 shares of the company’s stock after selling 421 shares during the quarter. CENTRAL TRUST Co’s holdings in Charter Communications were worth $229,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CHTR. Chemistry Wealth Management LLC lifted its position in Charter Communications by 4.8% in the 4th quarter. Chemistry Wealth Management LLC now owns 660 shares of the company’s stock valued at $226,000 after acquiring an additional 30 shares in the last quarter. US Bancorp DE lifted its position in Charter Communications by 0.4% in the 3rd quarter. US Bancorp DE now owns 7,370 shares of the company’s stock valued at $2,388,000 after acquiring an additional 31 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in Charter Communications by 3.1% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company’s stock valued at $314,000 after acquiring an additional 32 shares in the last quarter. Grove Bank & Trust lifted its position in Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after acquiring an additional 34 shares in the last quarter. Finally, CVA Family Office LLC lifted its position in Charter Communications by 31.3% in the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company’s stock valued at $48,000 after acquiring an additional 35 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on CHTR. Benchmark reaffirmed a “buy” rating and issued a $450.00 price objective on shares of Charter Communications in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research report on Monday, November 4th. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target on the stock in a research report on Thursday, December 12th. Pivotal Research boosted their price target on shares of Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, Morgan Stanley boosted their price target on shares of Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Charter Communications currently has a consensus rating of “Hold” and an average price target of $384.42.

Charter Communications Stock Down 0.4 %

Shares of CHTR opened at $340.26 on Wednesday. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27. The firm has a market cap of $48.38 billion, a P/E ratio of 9.73, a price-to-earnings-growth ratio of 0.46 and a beta of 1.11. The firm’s 50-day simple moving average is $362.42 and its 200 day simple moving average is $353.26. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.34 and a current ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, beating analysts’ consensus estimates 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 period last year, the company posted $7.07 EPS. On average, analysts forecast that Charter Communications, Inc. will post 36.73 earnings per share 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.