Private Trust Co. NA Grows Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Private Trust Co. NA grew its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 69.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 161 shares of the company’s stock after purchasing an additional 66 shares during the period. Private Trust Co. NA’s holdings in Charter Communications were worth $59,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Summit Trail Advisors LLC increased its stake in shares of Charter Communications by 17.4% during the first quarter. Summit Trail Advisors LLC now owns 2,455 shares of the company’s stock valued at $905,000 after buying an additional 364 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Charter Communications by 1.4% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,377 shares of the company’s stock valued at $4,930,000 after buying an additional 187 shares during the period. Vontobel Holding Ltd. increased its stake in shares of Charter Communications by 25.2% during the first quarter. Vontobel Holding Ltd. now owns 1,649 shares of the company’s stock valued at $608,000 after buying an additional 332 shares during the period. Deseret Mutual Benefit Administrators increased its stake in shares of Charter Communications by 43.9% during the first quarter. Deseret Mutual Benefit Administrators now owns 1,848 shares of the company’s stock valued at $681,000 after buying an additional 564 shares during the period. Finally, Amalgamated Bank increased its stake in shares of Charter Communications by 0.8% during the first quarter. Amalgamated Bank now owns 18,568 shares of the company’s stock valued at $6,843,000 after buying an additional 139 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Down 2.0%

Shares of CHTR stock opened at $403.56 on Thursday. The company has a debt-to-equity ratio of 4.54, a current ratio of 0.36 and a quick ratio of 0.36. The company has a market cap of $56.64 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 0.45 and a beta of 1.08. The stock has a 50 day simple moving average of $401.21 and a 200-day simple moving average of $370.43. Charter Communications, Inc. has a 1-year low of $287.63 and a 1-year high of $437.06.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, April 25th. The company reported $8.42 earnings per share for the quarter, missing the consensus estimate of $8.70 by ($0.28). The business had revenue of $13.74 billion for the quarter, compared to analyst estimates of $13.67 billion. Charter Communications had a return on equity of 27.70% and a net margin of 9.42%. The company’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the company earned $7.55 earnings per share. On average, equities research analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analyst Ratings Changes

CHTR has been the topic of several analyst reports. Bank of America lifted their target price on Charter Communications from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Tuesday, July 1st. Oppenheimer upgraded Charter Communications from a “market perform” rating to an “outperform” rating and set a $500.00 target price on the stock in a research note on Friday, May 16th. UBS Group lifted their target price on Charter Communications from $400.00 to $425.00 and gave the company a “neutral” rating in a research note on Wednesday, June 18th. Morgan Stanley lifted their target price on Charter Communications from $385.00 to $415.00 and gave the company an “equal weight” rating in a research note on Monday, April 28th. Finally, Raymond James Financial upgraded Charter Communications from an “underperform” rating to a “market perform” rating in a research note on Monday, May 19th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $421.26.

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.