Bradley Foster & Sargent Inc. CT Cuts Position in Charter Communications, Inc. (NASDAQ:CHTR)

Bradley Foster & Sargent Inc. CT reduced its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 5.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,124 shares of the company’s stock after selling 65 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Charter Communications were worth $336,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. CVA Family Office LLC boosted its holdings in 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 buying an additional 110 shares in the last quarter. New Covenant Trust Company N.A. acquired a new stake in shares of Charter Communications in the 1st quarter worth approximately $34,000. Riverview Trust Co purchased a new position in Charter Communications in the 1st quarter valued at approximately $40,000. Massmutual Trust Co. FSB ADV raised its holdings in Charter Communications by 109.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock worth $48,000 after purchasing an additional 83 shares during the last quarter. Finally, Beach Investment Counsel Inc. PA purchased a new stake in Charter Communications during the second quarter worth $50,000. 81.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CHTR has been the subject of several research reports. The Goldman Sachs Group assumed coverage on Charter Communications in a research note on Monday, July 1st. They set a “sell” rating and a $250.00 price target for the company. Morgan Stanley lifted their target price on shares of Charter Communications from $330.00 to $360.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Raymond James downgraded shares of Charter Communications from a “market perform” rating to an “underperform” rating in a report on Monday, July 29th. Royal Bank of Canada started coverage on shares of Charter Communications in a research note on Thursday. They set a “sector perform” rating and a $345.00 price objective for the company. Finally, Pivotal Research upped their target price on Charter Communications from $400.00 to $435.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $359.94.

Charter Communications Stock Performance

NASDAQ CHTR opened at $331.34 on Friday. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $458.30. The business’s 50-day moving average price is $344.42 and its 200 day moving average price is $301.81. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 5.84. The company has a market capitalization of $47.72 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 0.61 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, July 26th. The company reported $8.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.98 by $0.51. The firm had revenue of $13.69 billion during the quarter, compared to the consensus estimate of $13.59 billion. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. Charter Communications’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $8.05 earnings per share. On average, research analysts predict that Charter Communications, Inc. will post 32.52 earnings per share for the current 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.