Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. reduced its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 4.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 680 shares of the company’s stock after selling 31 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Charter Communications were worth $220,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. CVA Family Office LLC grew its holdings in 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 in the last quarter. New Covenant Trust Company N.A. purchased a new stake in shares of Charter Communications in the first quarter valued at about $34,000. Grove Bank & Trust grew its holdings in shares of Charter Communications by 39.1% in the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after purchasing an additional 34 shares during the period. Riverview Trust Co acquired a new stake in Charter Communications during the first quarter worth about $40,000. Finally, Massmutual Trust Co. FSB ADV raised its stake 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 period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Raymond James downgraded shares of Charter Communications from a “market perform” rating to an “underperform” rating in a report on Monday, July 29th. Royal Bank of Canada initiated coverage on Charter Communications in a research report on Thursday, September 19th. They issued a “sector perform” rating and a $345.00 target price on the stock. The Goldman Sachs Group began coverage on Charter Communications in a report on Monday, July 1st. They set a “sell” rating and a $250.00 price target for the company. Wolfe Research lowered shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price objective on the stock. in a report on Monday, September 30th. Finally, JPMorgan Chase & Co. increased 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. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Charter Communications has a consensus rating of “Hold” and an average target price of $356.41.

Charter Communications Stock Down 0.6 %

Charter Communications stock opened at $325.61 on Monday. The firm has a market capitalization of $46.90 billion, a P/E ratio of 10.53, a P/E/G ratio of 0.62 and a beta of 1.05. The company has a current ratio of 0.39, a quick 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 $449.69. The stock’s fifty day simple moving average is $336.52 and its 200-day simple moving average is $307.57.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, July 26th. The company reported $8.49 earnings per share for the quarter, topping the consensus estimate of $7.98 by $0.51. The company had revenue of $13.69 billion for 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $8.05 EPS. As a group, equities analysts expect that Charter Communications, Inc. will post 32.42 earnings per share 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.