Amica Mutual Insurance Co. Sells 8,453 Shares of Charter Communications, Inc. $CHTR

Amica Mutual Insurance Co. trimmed its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 40.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,679 shares of the company’s stock after selling 8,453 shares during the quarter. Amica Mutual Insurance Co.’s holdings in Charter Communications were worth $3,488,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp bought a new stake in shares of Charter Communications during the second quarter valued at about $25,000. Webster Bank N. A. bought a new stake in Charter Communications during the 3rd quarter worth approximately $28,000. Heritage Wealth Advisors purchased a new position in shares of Charter Communications during the 2nd quarter valued at $29,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Charter Communications during the 3rd quarter valued at $30,000. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Charter Communications by 141.0% in the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock worth $35,000 after purchasing an additional 55 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Up 0.4%

Shares of CHTR opened at $239.09 on Monday. Charter Communications, Inc. has a fifty-two week low of $180.38 and a fifty-two week high of $437.06. The firm has a market cap of $30.28 billion, a price-to-earnings ratio of 6.59, a PEG ratio of 0.38 and a beta of 1.05. The firm has a 50 day moving average price of $208.30 and a 200-day moving average price of $233.48. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.39 and a current ratio of 0.39.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, January 30th. The company reported $10.34 EPS for the quarter, missing analysts’ consensus estimates of $10.40 by ($0.06). Charter Communications had a return on equity of 24.63% and a net margin of 9.10%.The business had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.73 billion. During the same quarter in the previous year, the business earned $10.10 EPS. Charter Communications’s revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, equities research analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. TD Cowen lifted their price objective on Charter Communications from $428.00 to $437.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Zacks Research cut Charter Communications from a “hold” rating to a “strong sell” rating in a report on Friday, January 16th. BNP Paribas Exane set a $160.00 price objective on Charter Communications in a report on Tuesday, January 27th. Barclays lowered their target price on shares of Charter Communications from $275.00 to $200.00 and set an “underweight” rating on the stock in a research note on Monday, November 3rd. Finally, Oppenheimer lowered shares of Charter Communications from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th. Six research analysts have rated the stock with a Buy rating, nine have given a Hold rating and seven have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $335.67.

Charter Communications Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.