Amalgamated Bank Sells 2,233 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Amalgamated Bank lowered its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 10.2% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 19,708 shares of the company’s stock after selling 2,233 shares during the period. Amalgamated Bank’s holdings in Charter Communications were worth $5,892,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Bessemer Group Inc. raised its holdings in Charter Communications by 50.8% in the 1st quarter. Bessemer Group Inc. now owns 9,147 shares of the company’s stock valued at $2,658,000 after acquiring an additional 3,080 shares in the last quarter. Sands Capital Management LLC raised its stake in shares of Charter Communications by 5.7% in the fourth quarter. Sands Capital Management LLC now owns 319,860 shares of the company’s stock valued at $124,323,000 after purchasing an additional 17,112 shares in the last quarter. AustralianSuper Pty Ltd acquired a new stake in Charter Communications during the second quarter worth $7,171,000. Oakcliff Capital Partners LP increased its holdings in Charter Communications by 8.2% in the 4th quarter. Oakcliff Capital Partners LP now owns 38,474 shares of the company’s stock valued at $14,954,000 after buying an additional 2,900 shares during the period. Finally, FORA Capital LLC raised its stake in shares of Charter Communications by 45.8% in the 1st quarter. FORA Capital LLC now owns 20,743 shares of the company’s stock valued at $6,029,000 after buying an additional 6,519 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CHTR. Barclays upped their target price on shares of Charter Communications from $250.00 to $300.00 and gave the company an “underweight” rating in a research note on Monday, July 29th. Morgan Stanley upped their price objective on Charter Communications from $330.00 to $360.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Wells Fargo & Company raised their target price on Charter Communications from $260.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Wolfe Research lowered Charter Communications from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 31st. Finally, TD Cowen boosted their target price on shares of Charter Communications from $488.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Charter Communications has an average rating of “Hold” and an average target price of $359.94.

Charter Communications Stock Down 0.3 %

NASDAQ:CHTR opened at $330.40 on Friday. The stock’s fifty day moving average price is $344.81 and its two-hundred day moving average price is $302.16. The company has a market cap of $47.59 billion, a price-to-earnings ratio of 10.69, a P/E/G ratio of 0.61 and a beta of 1.05. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $458.30. The company has a debt-to-equity ratio of 5.84, a quick ratio of 0.39 and a current ratio of 0.39.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, July 26th. The company reported $8.49 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 firm had revenue of $13.69 billion during the quarter, compared to analyst estimates of $13.59 billion. During the same period last year, the company earned $8.05 earnings per share. The company’s revenue was up .2% on a year-over-year basis. On average, analysts anticipate that Charter Communications, Inc. will post 32.52 EPS for the current year.

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.