Vontobel Holding Ltd. Decreases Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Vontobel Holding Ltd. lessened its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 35.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,467 shares of the company’s stock after selling 803 shares during the period. Vontobel Holding Ltd.’s holdings in Charter Communications were worth $475,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Bessemer Group Inc. increased its holdings in shares of Charter Communications by 50.8% in the 1st quarter. Bessemer Group Inc. now owns 9,147 shares of the company’s stock worth $2,658,000 after buying an additional 3,080 shares during the last quarter. AustralianSuper Pty Ltd purchased a new stake in Charter Communications during the second quarter valued at approximately $7,171,000. FORA Capital LLC lifted 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 purchasing an additional 6,519 shares during the last quarter. Norden Group LLC purchased a new position in shares of Charter Communications in the 1st quarter worth approximately $828,000. Finally, Cetera Investment Advisers raised its holdings in Charter Communications by 432.3% during the 1st quarter. Cetera Investment Advisers now owns 7,399 shares of the company’s stock valued at $2,150,000 after buying an additional 6,009 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CHTR. TD Cowen lifted their price objective on shares of Charter Communications from $488.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Wolfe Research downgraded shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target on the stock. in a report on Monday, September 30th. Barclays raised their price objective on shares of Charter Communications from $250.00 to $300.00 and gave the stock an “underweight” rating in a research note on Monday, July 29th. Bank of America upped their target price on Charter Communications from $360.00 to $385.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Finally, Morgan Stanley raised their price target on Charter Communications from $330.00 to $360.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Charter Communications presently has a consensus rating of “Hold” and an average price target of $356.41.

Charter Communications Stock Performance

Shares of NASDAQ:CHTR opened at $315.41 on Tuesday. The firm has a 50 day moving average of $335.82 and a 200 day moving average of $307.88. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 5.84. The company has a market capitalization of $45.43 billion, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 0.62 and a beta of 1.05. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $435.49.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, July 26th. The company reported $8.49 EPS for the quarter, topping the consensus estimate of $7.98 by $0.51. The firm had revenue of $13.69 billion during the quarter, compared to analyst estimates of $13.59 billion. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $8.05 EPS. On average, sell-side analysts predict that Charter Communications, Inc. will post 32.42 earnings per share for the current fiscal year.

Charter Communications 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.