Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank decreased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 13.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,351 shares of the company’s stock after selling 5,030 shares during the period. Toronto Dominion Bank’s holdings in Charter Communications were worth $9,672,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Capital International Investors lifted its stake in shares of Charter Communications by 53.6% in the first quarter. Capital International Investors now owns 10,558,651 shares of the company’s stock worth $3,068,661,000 after acquiring an additional 3,685,451 shares in the last quarter. Pzena Investment Management LLC raised its holdings in Charter Communications by 96.5% in the first quarter. Pzena Investment Management LLC now owns 2,848,459 shares of the company’s stock valued at $827,848,000 after acquiring an additional 1,399,034 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in Charter Communications by 172,425.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company’s stock valued at $104,188,000 after acquiring an additional 348,299 shares during the last quarter. Putnam Investments LLC grew its holdings in Charter Communications by 24.5% during the 4th quarter. Putnam Investments LLC now owns 1,233,243 shares of the company’s stock worth $479,337,000 after acquiring an additional 242,448 shares in the last quarter. Finally, Voyager Global Management LP increased its position in shares of Charter Communications by 35.7% in the 4th quarter. Voyager Global Management LP now owns 475,000 shares of the company’s stock worth $184,623,000 after purchasing an additional 125,000 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CHTR. Royal Bank of Canada started coverage on shares of Charter Communications in a research report on Thursday, September 19th. They set a “sector perform” rating and a $345.00 price target on the stock. TD Cowen boosted their price target on Charter Communications from $488.00 to $525.00 and gave the company a “buy” rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft raised their price objective on Charter Communications from $300.00 to $325.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Barclays boosted their target price on shares of Charter Communications from $250.00 to $300.00 and gave the company an “underweight” rating in a research note on Monday, July 29th. Finally, The Goldman Sachs Group initiated coverage on shares of Charter Communications in a research report on Monday, July 1st. They issued a “sell” rating and a $250.00 price target on the stock. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $359.94.

Charter Communications Stock Up 2.9 %

CHTR opened at $326.22 on Friday. The company has a debt-to-equity ratio of 5.84, a current ratio of 0.39 and a quick ratio of 0.39. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $458.30. The stock’s 50 day moving average price is $344.58 and its 200 day moving average price is $303.49. The stock has a market cap of $46.99 billion, a P/E ratio of 10.55, a P/E/G ratio of 0.61 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, July 26th. The company reported $8.49 EPS for the quarter, beating analysts’ consensus estimates of $7.98 by $0.51. The company had revenue of $13.69 billion for the quarter, compared to analyst estimates of $13.59 billion. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the company earned $8.05 earnings per share. As a group, research analysts predict that Charter Communications, Inc. will post 32.52 earnings per share 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.