Charter Communications, Inc. (NASDAQ:CHTR) Stake Lessened by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. decreased its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 27.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,722 shares of the company’s stock after selling 4,371 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Charter Communications were worth $3,504,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of CHTR. Axxcess Wealth Management LLC grew its stake in Charter Communications by 5.8% during the 4th quarter. Axxcess Wealth Management LLC now owns 660 shares of the company’s stock valued at $257,000 after acquiring an additional 36 shares in the last quarter. Summit Trail Advisors LLC lifted its position in shares of Charter Communications by 2.2% in the fourth quarter. Summit Trail Advisors LLC now owns 1,783 shares of the company’s stock worth $693,000 after purchasing an additional 39 shares in the last quarter. Gulf International Bank UK Ltd boosted its holdings in shares of Charter Communications by 0.5% during the first quarter. Gulf International Bank UK Ltd now owns 8,067 shares of the company’s stock worth $2,344,000 after purchasing an additional 40 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in Charter Communications by 7.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 620 shares of the company’s stock valued at $241,000 after purchasing an additional 45 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its stake in Charter Communications by 5.4% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 1,074 shares of the company’s stock valued at $417,000 after buying an additional 55 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $347.54 on Friday. The company has a market cap of $50.06 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 0.70 and a beta of 1.04. The business has a 50 day moving average price of $333.53 and a 200 day moving average price of $297.67. The company has a quick ratio of 0.40, a current ratio of 0.39 and a debt-to-equity ratio of 5.84. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $458.30.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, July 26th. The company reported $8.49 earnings per share for the quarter, beating the consensus estimate of $7.98 by $0.51. The company had revenue of $13.69 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the business earned $8.05 earnings per share. Research analysts predict that Charter Communications, Inc. will post 32.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wolfe Research lowered shares of Charter Communications from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 31st. Citigroup lifted their price objective on Charter Communications from $255.00 to $350.00 and gave the company a “sell” rating in a research report on Wednesday, July 31st. Bank of America boosted 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. 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. Finally, TD Cowen boosted their price target on Charter Communications from $488.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Charter Communications presently has a consensus rating of “Hold” and an average price target of $360.93.

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.