Mutual of America Capital Management LLC Sells 596 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Mutual of America Capital Management LLC decreased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 4.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,352 shares of the company’s stock after selling 596 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Charter Communications were worth $3,693,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. CVA Family Office LLC grew its position in shares of Charter Communications by 5,500.0% in the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after buying an additional 110 shares during the last quarter. New Covenant Trust Company N.A. bought a new stake in Charter Communications in the first quarter valued at approximately $34,000. Riverview Trust Co acquired a new stake in Charter Communications during the 1st quarter valued at approximately $40,000. Massmutual Trust Co. FSB ADV raised its holdings in Charter Communications by 109.2% during the 2nd 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 acquired a new position in shares of Charter Communications in the 2nd quarter worth approximately $50,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CHTR shares. JPMorgan Chase & Co. lifted their target price on shares of Charter Communications from $300.00 to $385.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Barclays upped their target price on Charter Communications from $250.00 to $300.00 and gave the company an “underweight” rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft lifted their target price on Charter Communications from $300.00 to $325.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Raymond James cut Charter Communications from a “market perform” rating to an “underperform” rating in a report on Monday, July 29th. Finally, Wells Fargo & Company boosted their target price on shares of Charter Communications from $260.00 to $350.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $359.94.

Charter Communications Price Performance

CHTR stock opened at $330.40 on Monday. The company has a debt-to-equity ratio of 5.84, a quick ratio of 0.39 and a current ratio of 0.39. The business has a 50-day simple moving average of $344.81 and a two-hundred day simple moving average of $302.50. The company has a market capitalization of $47.59 billion, a P/E ratio of 10.69, a price-to-earnings-growth 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.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, July 26th. The company reported $8.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.98 by $0.51. The business had revenue of $13.69 billion during the quarter, compared to the consensus estimate of $13.59 billion. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. Charter Communications’s revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $8.05 earnings per share. Research analysts expect that Charter Communications, Inc. will post 32.52 EPS for the current fiscal 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.