Boston Trust Walden Corp Sells 192 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Boston Trust Walden Corp reduced its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 0.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,000 shares of the company’s stock after selling 192 shares during the period. Boston Trust Walden Corp’s holdings in Charter Communications were worth $7,778,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. CVA Family Office LLC grew its stake in shares of Charter Communications by 5,500.0% during the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock worth $33,000 after acquiring an additional 110 shares during the period. New Covenant Trust Company N.A. purchased a new position in shares of Charter Communications in the first quarter worth about $34,000. Grove Bank & Trust raised its position in shares of Charter Communications by 39.1% in the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after purchasing an additional 34 shares during the period. Massmutual Trust Co. FSB ADV lifted its stake in shares of Charter Communications by 109.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock valued at $48,000 after buying an additional 83 shares in the last quarter. Finally, Beach Investment Counsel Inc. PA bought a new position in Charter Communications in the 2nd quarter worth approximately $50,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Up 1.2 %

Shares of CHTR stock opened at $336.00 on Friday. The business has a 50-day moving average price of $334.15 and a two-hundred day moving average price of $309.35. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $424.86. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 5.84. The firm has a market cap of $48.39 billion, a P/E ratio of 10.87, a price-to-earnings-growth ratio of 0.62 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, July 26th. The company reported $8.49 earnings per share for the quarter, topping analysts’ consensus estimates of $7.98 by $0.51. The company 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%. Charter Communications’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.05 EPS. Equities analysts anticipate that Charter Communications, Inc. will post 32.42 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on CHTR. Barclays boosted their target price on shares of Charter Communications from $250.00 to $300.00 and gave the company an “underweight” rating in a report on Monday, July 29th. JPMorgan Chase & Co. increased their price objective on Charter Communications from $300.00 to $385.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. The Goldman Sachs Group started coverage on Charter Communications in a report on Monday, July 1st. They set a “sell” rating and a $250.00 target price for the company. Wolfe Research downgraded shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target on the stock. in a report on Monday, September 30th. Finally, Pivotal Research raised their price objective on shares of Charter Communications from $400.00 to $435.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $356.41.

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.