Swiss National Bank Trims Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Swiss National Bank decreased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 0.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 277,816 shares of the company’s stock after selling 100 shares during the quarter. Swiss National Bank’s holdings in Charter Communications were worth $90,035,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Savant Capital LLC lifted its position in shares of Charter Communications by 1.7% during the second quarter. Savant Capital LLC now owns 1,859 shares of the company’s stock valued at $556,000 after buying an additional 31 shares during the last quarter. US Bancorp DE lifted its position in Charter Communications by 0.4% during the third quarter. US Bancorp DE now owns 7,370 shares of the company’s stock valued at $2,388,000 after acquiring an additional 31 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in Charter Communications by 3.1% in the second quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company’s stock valued at $314,000 after acquiring an additional 32 shares in the last quarter. Grove Bank & Trust grew its holdings in Charter Communications by 39.1% in the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after purchasing an additional 34 shares during the last quarter. Finally, CVA Family Office LLC increased its position in shares of Charter Communications by 31.3% during the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after purchasing an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CHTR shares. Barclays upped their price target on shares of Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a research note on Monday, November 4th. Citigroup upgraded Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price objective on the stock in a research report on Wednesday, September 11th. Morgan Stanley upped their price objective on Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Benchmark upped their target price on Charter Communications from $440.00 to $450.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Charter Communications has a consensus rating of “Hold” and a consensus price target of $379.06.

Charter Communications Stock Performance

Shares of NASDAQ CHTR opened at $385.02 on Tuesday. The stock has a fifty day moving average price of $343.79 and a two-hundred day moving average price of $322.54. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a market cap of $54.75 billion, a P/E ratio of 12.06, a PEG ratio of 0.62 and a beta of 1.03. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27.

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

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.