Charter Communications Inc (CHTR) Holdings Reduced by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its holdings in Charter Communications Inc (NASDAQ:CHTR) by 14.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,440,658 shares of the company’s stock after selling 250,219 shares during the quarter. Bank of New York Mellon Corp’s holdings in Charter Communications were worth $422,415,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the business. Metropolitan Life Insurance Co. NY increased its position in shares of Charter Communications by 0.7% in the second quarter. Metropolitan Life Insurance Co. NY now owns 33,881 shares of the company’s stock valued at $9,934,000 after buying an additional 232 shares in the last quarter. Advisory Services Network LLC increased its position in shares of Charter Communications by 76.3% in the second quarter. Advisory Services Network LLC now owns 543 shares of the company’s stock valued at $156,000 after buying an additional 235 shares in the last quarter. Sun Life Financial INC increased its position in shares of Charter Communications by 89.8% in the second quarter. Sun Life Financial INC now owns 501 shares of the company’s stock valued at $147,000 after buying an additional 237 shares in the last quarter. Kaizen Advisory LLC increased its position in shares of Charter Communications by 122.7% in the second quarter. Kaizen Advisory LLC now owns 432 shares of the company’s stock valued at $127,000 after buying an additional 238 shares in the last quarter. Finally, Sumitomo Life Insurance Co. increased its position in shares of Charter Communications by 4.2% in the second quarter. Sumitomo Life Insurance Co. now owns 6,784 shares of the company’s stock valued at $1,989,000 after buying an additional 272 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

Charter Communications stock opened at $300.85 on Tuesday. The stock has a market cap of $68.40 billion, a P/E ratio of 113.53, a P/E/G ratio of 1.78 and a beta of 1.20. Charter Communications Inc has a 52 week low of $250.10 and a 52 week high of $396.64. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.23 and a quick ratio of 0.20.



Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, October 26th. The company reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $1.06. The firm had revenue of $10.89 billion during the quarter, compared to analysts’ expectations of $10.93 billion. Charter Communications had a return on equity of 2.39% and a net margin of 24.39%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.19 EPS. As a group, sell-side analysts forecast that Charter Communications Inc will post 4.35 earnings per share for the current year.

In related news, EVP Richard R. Dykhouse sold 2,101 shares of Charter Communications stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $296.52, for a total transaction of $622,988.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.83% of the company’s stock.

CHTR has been the subject of a number of research analyst reports. BidaskClub cut Charter Communications from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 21st. Zacks Investment Research cut Charter Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. ValuEngine cut Charter Communications from a “hold” rating to a “sell” rating in a research report on Thursday, July 19th. Credit Suisse Group initiated coverage on Charter Communications in a research report on Tuesday, July 10th. They issued a “neutral” rating and a $294.00 price target for the company. Finally, Macquarie restated a “buy” rating and issued a $355.00 price target on shares of Charter Communications in a research report on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $360.13.

About Charter Communications

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.

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

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