Ensign Peak Advisors Inc Lowers Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Ensign Peak Advisors Inc decreased its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 11.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,323 shares of the company’s stock after selling 3,840 shares during the period. Ensign Peak Advisors Inc’s holdings in Charter Communications were worth $9,065,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CHTR. CVA Family Office LLC grew its holdings in Charter Communications by 5,500.0% in the second quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after purchasing an additional 110 shares during the last quarter. New Covenant Trust Company N.A. purchased a new stake in shares of Charter Communications in the first quarter valued at $34,000. Riverview Trust Co purchased a new stake in Charter Communications in the 1st quarter valued at about $40,000. Massmutual Trust Co. FSB ADV increased 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 worth $48,000 after purchasing an additional 83 shares during the last quarter. Finally, Beach Investment Counsel Inc. PA purchased a new position in shares of Charter Communications in the 2nd quarter worth $50,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CHTR. JPMorgan Chase & Co. upped their price target on shares of Charter Communications from $300.00 to $385.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Wolfe Research downgraded shares of Charter Communications from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 31st. Barclays raised their price objective on Charter Communications from $250.00 to $300.00 and gave the stock an “underweight” rating in a research note on Monday, July 29th. TD Cowen lifted their target price on Charter Communications from $488.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Finally, Pivotal Research increased their price objective on shares of Charter Communications from $400.00 to $435.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Charter Communications presently has an average rating of “Hold” and a consensus target price of $359.94.

Charter Communications Stock Performance

CHTR opened at $323.36 on Wednesday. The stock’s 50 day simple moving average is $344.87 and its 200-day simple moving average is $303.12. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 5.84. The stock has a market cap of $46.57 billion, a PE ratio of 10.46, a P/E/G 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.

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, beating the consensus estimate of $7.98 by $0.51. The firm had revenue of $13.69 billion for the quarter, compared to analyst estimates of $13.59 billion. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.05 EPS. Sell-side analysts forecast that Charter Communications, Inc. will post 32.52 EPS for the current 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.