Fifth Third Bancorp Has $800,000 Position in Charter Communications, Inc. (NASDAQ:CHTR)

Fifth Third Bancorp trimmed its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 12.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,675 shares of the company’s stock after selling 365 shares during the period. Fifth Third Bancorp’s holdings in Charter Communications were worth $800,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CHTR. Capital International Investors grew its stake in shares of Charter Communications by 53.6% in the 1st quarter. Capital International Investors now owns 10,558,651 shares of the company’s stock valued at $3,068,661,000 after buying an additional 3,685,451 shares in the last quarter. Pzena Investment Management LLC lifted its stake in shares of Charter Communications by 96.5% in the 1st quarter. Pzena Investment Management LLC now owns 2,848,459 shares of the company’s stock valued at $827,848,000 after purchasing an additional 1,399,034 shares during the last quarter. Parnassus Investments LLC raised its holdings in Charter Communications by 40.1% during the fourth quarter. Parnassus Investments LLC now owns 1,620,542 shares of the company’s stock valued at $629,872,000 after buying an additional 463,968 shares in the last quarter. Putnam Investments LLC lifted its position in shares of Charter Communications by 24.5% in the fourth quarter. Putnam Investments LLC now owns 1,233,243 shares of the company’s stock worth $479,337,000 after buying an additional 242,448 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Charter Communications during the 4th quarter worth about $310,727,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on CHTR shares. Barclays increased their price target on Charter Communications from $250.00 to $300.00 and gave the company an “underweight” rating in a report on Monday, July 29th. Raymond James cut shares of Charter Communications from a “market perform” rating to an “underperform” rating in a report on Monday, July 29th. Pivotal Research boosted their price objective on Charter Communications from $400.00 to $435.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft raised their target price on Charter Communications from $300.00 to $325.00 and gave the company a “hold” rating in a report on Monday, July 29th. Finally, Bank of America increased their price objective on Charter Communications from $360.00 to $385.00 and gave the company a “neutral” rating in a research report 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. Based on data from MarketBeat, Charter Communications presently has an average rating of “Hold” and a consensus price target of $360.93.

Charter Communications Stock Down 1.4 %

Shares of CHTR opened at $340.32 on Friday. The business’s fifty day moving average price is $324.97 and its two-hundred day moving average price is $295.10. The firm has a market capitalization of $49.02 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 0.70 and a beta of 1.04. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $458.30. The company has a debt-to-equity ratio of 5.84, a quick ratio of 0.40 and a current ratio of 0.39.

Charter Communications (NASDAQ:CHTR) last posted 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. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The business had revenue of $13.69 billion for the quarter, compared to analysts’ expectations of $13.59 billion. During the same quarter last year, the business earned $8.05 earnings per share. The firm’s quarterly revenue was up .2% compared to the same quarter last year. On average, analysts predict 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.