Oppenheimer Asset Management Inc. Decreases Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Oppenheimer Asset Management Inc. lessened its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 11.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,346 shares of the company’s stock after selling 180 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Charter Communications were worth $402,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. CVA Family Office LLC increased its position in Charter Communications by 5,500.0% during the second quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after acquiring an additional 110 shares during the last quarter. New Covenant Trust Company N.A. bought a new position in shares of Charter Communications in the 1st quarter worth approximately $34,000. Riverview Trust Co purchased a new position in shares of Charter Communications in the first quarter worth approximately $40,000. Massmutual Trust Co. FSB ADV grew its position in Charter Communications by 109.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock valued at $48,000 after buying an additional 83 shares during the period. Finally, Beach Investment Counsel Inc. PA purchased a new stake in Charter Communications during the second quarter valued at approximately $50,000. 81.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CHTR shares. Morgan Stanley boosted their price objective on shares of Charter Communications from $330.00 to $360.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Barclays upped their price target on Charter Communications from $250.00 to $300.00 and gave the stock an “underweight” rating in a research report on Monday, July 29th. Pivotal Research lifted their price objective on Charter Communications from $400.00 to $435.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Citigroup raised shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 target price for the company in a report on Wednesday, September 11th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Charter Communications from $300.00 to $325.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Charter Communications currently has an average rating of “Hold” and a consensus price target of $359.94.

Charter Communications Stock Performance

NASDAQ:CHTR opened at $330.40 on Friday. The company has a debt-to-equity ratio of 5.84, a current ratio of 0.39 and a quick ratio of 0.39. The company has a market cap of $47.59 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 0.61 and a beta of 1.05. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $458.30. The stock’s 50 day simple moving average is $344.81 and its two-hundred day simple moving average is $302.31.

Charter Communications (NASDAQ:CHTR) last released its quarterly 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. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The company had revenue of $13.69 billion for the quarter, compared to the consensus estimate of $13.59 billion. During the same quarter in the prior year, the firm earned $8.05 earnings per share. Charter Communications’s revenue was up .2% on a year-over-year basis. As a group, equities analysts anticipate that Charter Communications, Inc. will post 32.52 earnings per share for the current fiscal 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.