abrdn plc Sells 5,352 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

abrdn plc trimmed its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 14.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 31,616 shares of the company’s stock after selling 5,352 shares during the period. abrdn plc’s holdings in Charter Communications were worth $10,806,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Sanctuary Advisors LLC purchased a new stake in Charter Communications in the 2nd quarter worth about $1,212,000. Czech National Bank raised its position in Charter Communications by 5.9% in the 3rd quarter. Czech National Bank now owns 19,772 shares of the company’s stock worth $6,408,000 after purchasing an additional 1,108 shares during the period. Diversified Trust Co raised its position in Charter Communications by 6.4% in the 3rd quarter. Diversified Trust Co now owns 883 shares of the company’s stock worth $286,000 after purchasing an additional 53 shares during the period. Atomi Financial Group Inc. bought a new position in shares of Charter Communications in the third quarter worth about $276,000. Finally, Brookstone Capital Management grew its holdings in shares of Charter Communications by 116.7% in the third quarter. Brookstone Capital Management now owns 1,508 shares of the company’s stock worth $489,000 after purchasing an additional 812 shares during the last quarter. 81.76% of the stock is owned by institutional investors.

Charter Communications Stock Performance

Shares of CHTR opened at $347.84 on Friday. The stock has a 50-day moving average of $359.80 and a two-hundred day moving average of $353.34. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.34 and a current ratio of 0.31. The stock has a market cap of $49.46 billion, a P/E ratio of 9.95, a P/E/G ratio of 0.46 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, topping analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same quarter in the previous year, the company posted $7.07 earnings per share. As a group, research analysts predict that Charter Communications, Inc. will post 36.73 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Morgan Stanley upped their price target on shares of Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. JPMorgan Chase & Co. upped their target price on Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Royal Bank of Canada upped their target price on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Wells Fargo & Company upped their target price on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Finally, BNP Paribas raised shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective for the company in a research note on Tuesday, November 26th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Charter Communications has a consensus rating of “Hold” and a consensus target price of $384.42.

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.