Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Argent Trust Co

Argent Trust Co cut its position in Charter Communications, Inc. (NASDAQ:CHTR) by 11.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 717 shares of the company’s stock after selling 95 shares during the period. Argent Trust Co’s holdings in Charter Communications were worth $214,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of CHTR. Bessemer Group Inc. raised its stake in Charter Communications by 50.8% in the first quarter. Bessemer Group Inc. now owns 9,147 shares of the company’s stock valued at $2,658,000 after buying an additional 3,080 shares in the last quarter. Sands Capital Management LLC lifted its stake in Charter Communications by 5.7% during the fourth quarter. Sands Capital Management LLC now owns 319,860 shares of the company’s stock worth $124,323,000 after purchasing an additional 17,112 shares during the last quarter. AustralianSuper Pty Ltd purchased a new stake in Charter Communications during the second quarter worth approximately $7,171,000. Oakcliff Capital Partners LP boosted its holdings in Charter Communications by 8.2% in the fourth quarter. Oakcliff Capital Partners LP now owns 38,474 shares of the company’s stock valued at $14,954,000 after purchasing an additional 2,900 shares in the last quarter. Finally, FORA Capital LLC increased its stake in Charter Communications by 45.8% in the first quarter. FORA Capital LLC now owns 20,743 shares of the company’s stock valued at $6,029,000 after purchasing an additional 6,519 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of Charter Communications from $330.00 to $360.00 and gave the company an “equal weight” rating in a report on Monday, July 29th. Rosenblatt Securities raised their price objective on Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Barclays boosted their target price on Charter Communications from $250.00 to $300.00 and gave the company an “underweight” rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft raised their price target on Charter Communications from $300.00 to $325.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Finally, Bank of America boosted their price objective on Charter Communications from $360.00 to $385.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Three 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $359.94.

Charter Communications Trading Down 0.3 %

NASDAQ CHTR opened at $330.40 on Friday. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $458.30. The firm has a 50-day moving average price of $344.81 and a 200 day moving average price of $302.16. The stock has a market capitalization of $47.59 billion, a P/E ratio of 10.69, a P/E/G ratio of 0.61 and a beta of 1.05. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 5.84.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, July 26th. The company reported $8.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the business posted $8.05 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. Equities research analysts expect that Charter Communications, Inc. will post 32.52 EPS 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.