Truist Financial Corp Sells 10,445 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Truist Financial Corp decreased its position in Charter Communications, Inc. (NASDAQ:CHTR) by 57.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,813 shares of the company’s stock after selling 10,445 shares during the quarter. Truist Financial Corp’s holdings in Charter Communications were worth $3,037,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CHTR. Commonwealth Equity Services LLC raised its stake in shares of Charter Communications by 87.9% in the third quarter. Commonwealth Equity Services LLC now owns 10,777 shares of the company’s stock valued at $4,740,000 after acquiring an additional 5,043 shares during the last quarter. IFM Investors Pty Ltd boosted its stake in Charter Communications by 5.9% in the third quarter. IFM Investors Pty Ltd now owns 20,380 shares of the company’s stock worth $8,964,000 after purchasing an additional 1,137 shares in the last quarter. Waldron Private Wealth LLC bought a new stake in shares of Charter Communications during the third quarter worth $243,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Charter Communications by 18.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 146,015 shares of the company’s stock valued at $64,220,000 after buying an additional 23,010 shares in the last quarter. Finally, Chicago Partners Investment Group LLC raised its holdings in shares of Charter Communications by 10.9% in the third quarter. Chicago Partners Investment Group LLC now owns 868 shares of the company’s stock valued at $373,000 after buying an additional 85 shares during the last quarter. 81.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on CHTR. Loop Capital decreased their price objective on shares of Charter Communications from $335.00 to $285.00 and set a “hold” rating on the stock in a report on Monday, April 29th. Citigroup lowered their price target on shares of Charter Communications from $300.00 to $280.00 and set a “neutral” rating for the company in a report on Monday, April 29th. Deutsche Bank Aktiengesellschaft reduced their price objective on Charter Communications from $375.00 to $320.00 and set a “hold” rating on the stock in a report on Tuesday, April 16th. Wells Fargo & Company lowered their target price on Charter Communications from $290.00 to $260.00 and set an “equal weight” rating for the company in a research note on Monday, April 29th. Finally, Benchmark cut their price target on Charter Communications from $490.00 to $440.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $356.47.

Charter Communications Stock Down 1.3 %

Charter Communications stock opened at $268.00 on Wednesday. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $458.30. The company has a debt-to-equity ratio of 6.28, a current ratio of 0.40 and a quick ratio of 0.40. The firm has a market capitalization of $38.60 billion, a price-to-earnings ratio of 8.67, a PEG ratio of 1.07 and a beta of 0.97. The company’s 50 day simple moving average is $276.92 and its 200 day simple moving average is $337.76.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, April 26th. The company reported $7.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.78 by ($0.23). The firm had revenue of $13.68 billion during the quarter, compared to analyst estimates of $13.75 billion. Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. Charter Communications’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the firm earned $6.65 EPS. As a group, sell-side analysts anticipate that Charter Communications, Inc. will post 32.02 EPS for the current 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.