Gulf International Bank UK Ltd Trims Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Gulf International Bank UK Ltd lowered its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 9.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,338 shares of the company’s stock after selling 729 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Charter Communications were worth $2,193,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Prime Capital Investment Advisors LLC raised its holdings in shares of Charter Communications by 236.9% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 1,789 shares of the company’s stock valued at $695,000 after buying an additional 1,258 shares during the period. CENTRAL TRUST Co grew its stake in Charter Communications by 48.1% during the 4th quarter. CENTRAL TRUST Co now owns 2,440 shares of the company’s stock worth $948,000 after purchasing an additional 793 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in Charter Communications by 8.6% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 41,150 shares of the company’s stock worth $16,029,000 after purchasing an additional 3,256 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Charter Communications by 0.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 43,069 shares of the company’s stock worth $16,740,000 after purchasing an additional 131 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Charter Communications during the 4th quarter worth $362,570,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

Shares of Charter Communications stock traded down $2.84 on Wednesday, hitting $353.94. The stock had a trading volume of 1,327,150 shares, compared to its average volume of 1,471,214. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $458.30. The company has a current ratio of 0.39, a quick ratio of 0.40 and a debt-to-equity ratio of 5.84. The stock has a market cap of $50.98 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 0.70 and a beta of 1.04. The company’s 50 day moving average price is $308.69 and its 200 day moving average price is $295.90.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, July 26th. The company reported $8.49 EPS for the quarter, beating the consensus estimate of $7.98 by $0.51. The firm had revenue of $13.69 billion during the quarter, compared to the consensus estimate of $13.59 billion. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The firm’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business earned $8.05 EPS. On average, research analysts anticipate that Charter Communications, Inc. will post 32.52 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CHTR. Barclays boosted their target price on Charter Communications from $250.00 to $300.00 and gave the stock an “underweight” rating in a research note on Monday, July 29th. Bank of America boosted their target price on Charter Communications from $360.00 to $385.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Wells Fargo & Company boosted their target price on Charter Communications from $260.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. Wolfe Research cut Charter Communications from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 31st. Finally, Loop Capital lowered their price objective on Charter Communications from $335.00 to $285.00 and set a “hold” rating for the company in a research report on Monday, April 29th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $360.93.

Charter Communications Company 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.