Banque Cantonale Vaudoise Sells 929 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Banque Cantonale Vaudoise trimmed its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 91.3% during the third quarter, Holdings Channel reports. The firm owned 89 shares of the company’s stock after selling 929 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Charter Communications were worth $29,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CHTR. First Eagle Investment Management LLC lifted its stake in Charter Communications by 172,425.2% in the second quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company’s stock valued at $104,188,000 after buying an additional 348,299 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Charter Communications by 12,597.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 249,756 shares of the company’s stock valued at $80,941,000 after acquiring an additional 247,789 shares during the period. Pzena Investment Management LLC boosted its stake in Charter Communications by 6.1% during the second quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock worth $903,932,000 after acquiring an additional 175,130 shares in the last quarter. Zimmer Partners LP acquired a new stake in Charter Communications in the first quarter worth $32,074,000. Finally, International Assets Investment Management LLC bought a new stake in Charter Communications in the third quarter valued at $244,720,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CHTR shares. Raymond James cut shares of Charter Communications from a “market perform” rating to an “underperform” rating in a research report on Monday, July 29th. TD Cowen raised their price objective on Charter Communications from $488.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Benchmark upped their target price on Charter Communications from $440.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Citigroup raised 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. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of 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 given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $379.06.

Charter Communications Trading Up 1.2 %

NASDAQ:CHTR opened at $388.27 on Friday. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27. The firm has a 50-day moving average price of $348.11 and a two-hundred day moving average price of $325.46. 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 $55.21 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 0.61 and a beta of 1.03.

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

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.