Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Argent Trust Co

Argent Trust Co trimmed its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 11.7% in the second quarter, Holdings Channel.com reports. The fund owned 717 shares of the company’s stock after selling 95 shares during the period. Argent Trust Co’s holdings in Charter Communications were worth $214,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Bessemer Group Inc. raised its holdings in Charter Communications by 50.8% during the first quarter. Bessemer Group Inc. now owns 9,147 shares of the company’s stock worth $2,658,000 after purchasing an additional 3,080 shares during the last quarter. Sands Capital Management LLC increased its position 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 buying an additional 17,112 shares in the last quarter. AustralianSuper Pty Ltd acquired a new position in shares of Charter Communications during the 2nd quarter worth $7,171,000. Oakcliff Capital Partners LP grew its stake 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 acquiring an additional 2,900 shares during the last quarter. Finally, FORA Capital LLC increased its holdings in Charter Communications by 45.8% during the 1st quarter. FORA Capital LLC now owns 20,743 shares of the company’s stock valued at $6,029,000 after acquiring an additional 6,519 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

CHTR has been the topic of several recent research reports. The Goldman Sachs Group assumed coverage on shares of Charter Communications in a report on Monday, July 1st. They issued a “sell” rating and a $250.00 price target on the stock. Royal Bank of Canada began coverage on Charter Communications in a report on Thursday. They set a “sector perform” rating and a $345.00 target price on the stock. Pivotal Research raised their price target on Charter Communications from $400.00 to $435.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Raymond James downgraded Charter Communications from a “market perform” rating to an “underperform” rating in a research report on Monday, July 29th. Finally, 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 research note on Wednesday, September 11th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $359.94.

Charter Communications Stock Down 0.3 %

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

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, July 26th. The company reported $8.49 earnings per share for the quarter, beating analysts’ consensus estimates of $7.98 by $0.51. The firm had revenue of $13.69 billion for 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%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the firm earned $8.05 earnings per share. Analysts forecast that Charter Communications, Inc. will post 32.52 earnings per share for the current 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.