Whittier Trust Co. Sells 408 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Whittier Trust Co. decreased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 17.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,943 shares of the company’s stock after selling 408 shares during the quarter. Whittier Trust Co.’s holdings in Charter Communications were worth $630,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Savant Capital LLC boosted 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. B. Riley Wealth Advisors Inc. boosted its holdings in Charter Communications by 3.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company’s stock worth $314,000 after acquiring an additional 32 shares during the last quarter. Grove Bank & Trust grew its stake in shares of Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after acquiring an additional 34 shares in the last quarter. CVA Family Office LLC raised its holdings in shares of Charter Communications by 31.3% in the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock valued at $48,000 after purchasing an additional 35 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators lifted its position in shares of Charter Communications by 3.1% during the second quarter. Deseret Mutual Benefit Administrators now owns 1,215 shares of the company’s stock valued at $363,000 after purchasing an additional 36 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Trading Up 0.7 %

NASDAQ:CHTR opened at $332.22 on Thursday. The company has a market cap of $47.85 billion, a P/E ratio of 10.74, a P/E/G ratio of 0.62 and a beta of 1.05. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $435.02. The company has a debt-to-equity ratio of 5.84, a current ratio of 0.39 and a quick ratio of 0.39. The stock’s fifty day moving average price is $334.89 and its two-hundred day moving average price is $308.49.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, July 26th. The company reported $8.49 EPS for the quarter, topping the consensus estimate of $7.98 by $0.51. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The business had revenue of $13.69 billion during the quarter, compared to the consensus estimate of $13.59 billion. During the same quarter last year, the company earned $8.05 EPS. The firm’s revenue was up .2% compared to the same quarter last year. As a group, analysts expect that Charter Communications, Inc. will post 32.42 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on CHTR. Morgan Stanley increased their price objective on shares of Charter Communications from $330.00 to $360.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Raymond James cut Charter Communications from a “market perform” rating to an “underperform” rating in a research report on Monday, July 29th. Wells Fargo & Company upped their price objective on Charter Communications from $260.00 to $350.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Rosenblatt Securities lifted their target price on Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Finally, Citigroup upgraded shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price target for the company in a research report on Wednesday, September 11th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $356.41.

Charter Communications Company 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.