Janney Montgomery Scott LLC Trims Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Janney Montgomery Scott LLC reduced its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 31.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,093 shares of the company’s stock after selling 2,376 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Charter Communications were worth $1,651,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Capital International Investors lifted its position in shares of Charter Communications by 53.6% during the first quarter. Capital International Investors now owns 10,558,651 shares of the company’s stock worth $3,068,661,000 after acquiring an additional 3,685,451 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in Charter Communications by 172,425.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company’s stock worth $104,188,000 after purchasing an additional 348,299 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in 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 buying an additional 247,789 shares in the last quarter. Pzena Investment Management LLC increased its position in shares of Charter Communications by 6.1% during the second quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock valued at $903,932,000 after buying an additional 175,130 shares during the period. Finally, Zimmer Partners LP purchased a new stake in shares of Charter Communications in the first quarter worth about $32,074,000. 81.76% of the stock is owned by institutional investors.

Charter Communications Stock Performance

NASDAQ CHTR opened at $406.22 on Thursday. The firm has a market cap of $57.76 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 0.62 and a beta of 1.03. The company has a 50-day simple moving average of $338.58 and a two-hundred day simple moving average of $318.75. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $421.16.

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

Analyst Ratings Changes

CHTR has been the subject of a number of analyst reports. Royal Bank of Canada raised their price objective on shares of Charter Communications from $345.00 to $390.00 and gave the company a “sector perform” rating in a research report on Monday, November 4th. Benchmark boosted their price target on shares of Charter Communications from $440.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Rosenblatt Securities upped their price target on shares of Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. TD Cowen lifted 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. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Charter Communications currently has a consensus rating of “Hold” and a consensus target price of $379.06.

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.