Keybank National Association OH Has $1.45 Million Stake in Charter Communications Inc (NASDAQ:CHTR)

Keybank National Association OH trimmed its position in shares of Charter Communications Inc (NASDAQ:CHTR) by 4.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,663 shares of the company’s stock after selling 154 shares during the quarter. Keybank National Association OH’s holdings in Charter Communications were worth $1,448,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CHTR. Egerton Capital UK LLP raised its position in shares of Charter Communications by 21.4% during the first quarter. Egerton Capital UK LLP now owns 2,846,860 shares of the company’s stock worth $987,604,000 after purchasing an additional 502,358 shares during the period. FIL Ltd raised its position in shares of Charter Communications by 416.0% during the first quarter. FIL Ltd now owns 598,353 shares of the company’s stock worth $207,575,000 after purchasing an additional 482,397 shares during the period. Jackson Square Partners LLC raised its position in shares of Charter Communications by 53.1% during the first quarter. Jackson Square Partners LLC now owns 1,149,607 shares of the company’s stock worth $398,810,000 after purchasing an additional 398,865 shares during the period. GQG Partners LLC acquired a new position in shares of Charter Communications during the first quarter worth approximately $93,597,000. Finally, Geode Capital Management LLC raised its position in shares of Charter Communications by 8.2% during the fourth quarter. Geode Capital Management LLC now owns 2,218,112 shares of the company’s stock worth $630,980,000 after purchasing an additional 167,729 shares during the period. 72.55% of the stock is currently owned by institutional investors.

CHTR has been the topic of a number of research reports. Raymond James upped their target price on Charter Communications from $435.00 to $460.00 and gave the stock a “strong-buy” rating in a research report on Monday, July 29th. Pivotal Research reaffirmed a “buy” rating and set a $500.00 target price on shares of Charter Communications in a research report on Friday, July 26th. Cowen increased their price target on Charter Communications from $413.00 to $433.00 and gave the company an “in-line” rating in a research report on Monday, July 29th. Rosenblatt Securities reissued a “buy” rating and issued a $480.00 price target on shares of Charter Communications in a research report on Monday, July 29th. Finally, Bank of America reissued a “buy” rating and issued a $450.00 price target (up from $425.00) on shares of Charter Communications in a research report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Charter Communications presently has an average rating of “Hold” and a consensus target price of $416.06.



NASDAQ CHTR traded up $3.57 on Friday, reaching $384.51. The company had a trading volume of 1,188,100 shares, compared to its average volume of 1,349,241. The stock has a market capitalization of $84.37 billion, a P/E ratio of 73.66, a P/E/G ratio of 1.31 and a beta of 1.23. The company’s fifty day moving average is $396.55 and its 200 day moving average is $371.95. Charter Communications Inc has a 52-week low of $272.91 and a 52-week high of $417.13. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 1.67.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, July 26th. The company reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.40). The company had revenue of $11.35 billion during the quarter, compared to analysts’ expectations of $11.40 billion. Charter Communications had a net margin of 3.04% and a return on equity of 3.08%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.15 earnings per share. On average, research analysts expect that Charter Communications Inc will post 6.91 EPS for the current year.

In other Charter Communications news, Director Craig A. Jacobson sold 1,000 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $389.78, for a total value of $389,780.00. Following the completion of the transaction, the director now owns 11,773 shares in the company, valued at approximately $4,588,879.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lance Conn sold 927 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $400.00, for a total value of $370,800.00. Following the completion of the transaction, the director now owns 9,552 shares of the company’s stock, valued at approximately $3,820,800. The disclosure for this sale can be found here. 0.84% of the stock is owned by corporate insiders.

Charter Communications Company Profile

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, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.

Read More: Technical Analysis of Stocks, How Can It Help

Want to see what other hedge funds are holding CHTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Charter Communications Inc (NASDAQ:CHTR).

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

Receive News & Ratings for Charter Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Communications and related companies with MarketBeat.com's FREE daily email newsletter.