Zurcher Kantonalbank Zurich Cantonalbank Sells 493 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 2.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 18,892 shares of the company’s stock after selling 493 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Charter Communications were worth $6,123,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Reston Wealth Management LLC purchased a new position in Charter Communications during the third quarter valued at $26,000. Ashton Thomas Securities LLC purchased a new position in shares of Charter Communications in the 3rd quarter worth about $28,000. CVA Family Office LLC boosted its stake in Charter Communications by 5,500.0% in the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock worth $33,000 after purchasing an additional 110 shares in the last quarter. Grove Bank & Trust grew its position in Charter Communications by 39.1% during the 3rd 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 last quarter. Finally, Massmutual Trust Co. FSB ADV increased its stake in 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 purchasing an additional 83 shares in the last quarter. 81.76% of the stock is owned by institutional investors.

Charter Communications Trading Up 1.8 %

NASDAQ:CHTR opened at $396.96 on Monday. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27. The business has a fifty day moving average price of $353.45 and a 200-day moving average price of $329.97. The firm has a market capitalization of $56.45 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 0.63 and a beta of 1.03. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, November 1st. The company reported $8.82 EPS for the quarter, topping the consensus estimate of $8.55 by $0.27. The firm had revenue of $13.80 billion for the quarter, compared to the consensus estimate of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $8.25 earnings per share. Sell-side analysts forecast that Charter Communications, Inc. will post 32.87 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Bank of America upgraded shares of Charter Communications from a “neutral” rating to a “buy” rating and upped their target price for the stock from $385.00 to $450.00 in a research note on Monday, November 4th. Morgan Stanley increased their target price on Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Wolfe Research cut Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target for the company. in a research note on Monday, September 30th. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective on the stock in a research report on Tuesday, November 26th. Finally, Benchmark boosted their target price on Charter Communications from $440.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $378.00.

Charter Communications 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.