Mutual of America Capital Management LLC Cuts Position in Charter Communications, Inc. (NASDAQ:CHTR)

Mutual of America Capital Management LLC reduced its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 3.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,951 shares of the company’s stock after selling 401 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Charter Communications were worth $3,873,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Reston Wealth Management LLC acquired a new stake in shares of Charter Communications in the third quarter valued at about $26,000. Ashton Thomas Securities LLC purchased a new stake in shares of Charter Communications during the third quarter valued at approximately $28,000. CVA Family Office LLC lifted its position in shares of Charter Communications by 5,500.0% during the second 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. New Covenant Trust Company N.A. purchased a new position in shares of Charter Communications in the first quarter valued at $34,000. Finally, Grove Bank & Trust grew its holdings 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 in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Price Performance

NASDAQ CHTR opened at $383.63 on Friday. The stock has a 50-day simple moving average of $347.14 and a 200 day simple moving average of $324.25. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The stock has a market capitalization of $54.55 billion, a PE ratio of 12.01, a P/E/G ratio of 0.61 and a beta of 1.03. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on CHTR. Benchmark boosted their price target on Charter Communications from $440.00 to $450.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Morgan Stanley raised their price target on shares of Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Citigroup upgraded shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price objective on the stock in a research note on Wednesday, September 11th. Pivotal Research boosted their target price on shares of Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, Rosenblatt Securities increased their price target on shares of Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Charter Communications currently has an average rating of “Hold” and a consensus price target of $379.06.

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.