JPMorgan Chase & Co. Has $629.50 Million Holdings in Charter Communications, Inc. $CHTR

JPMorgan Chase & Co. increased its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,288,208 shares of the company’s stock after acquiring an additional 42,499 shares during the period. JPMorgan Chase & Co. owned 1.77% of Charter Communications worth $629,498,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in CHTR. Atlantic Union Bankshares Corp bought a new stake in Charter Communications during the second quarter worth approximately $25,000. Webster Bank N. A. acquired a new stake in shares of Charter Communications in the third quarter worth $28,000. Heritage Wealth Advisors bought a new stake in shares of Charter Communications during the 2nd quarter worth $29,000. Steigerwald Gordon & Koch Inc. acquired a new position in Charter Communications in the 3rd quarter valued at $30,000. Finally, Geneos Wealth Management Inc. raised its holdings in Charter Communications by 141.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock worth $35,000 after acquiring an additional 55 shares during the period. 81.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Zacks Research cut shares of Charter Communications from a “hold” rating to a “strong sell” rating in a report on Friday, January 16th. UBS Group set a $425.00 target price on Charter Communications in a research note on Thursday, January 29th. Sanford C. Bernstein set a $220.00 target price on Charter Communications in a report on Wednesday, January 28th. The Goldman Sachs Group cut their price target on Charter Communications from $210.00 to $185.00 and set a “sell” rating for the company in a report on Monday, February 2nd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Charter Communications in a research note on Monday, December 29th. Six investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and seven have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $335.67.

Charter Communications Price Performance

Shares of CHTR stock opened at $237.01 on Wednesday. Charter Communications, Inc. has a 12 month low of $180.38 and a 12 month high of $437.06. The company has a market capitalization of $30.01 billion, a P/E ratio of 6.53, a P/E/G ratio of 0.38 and a beta of 1.05. The stock has a 50 day moving average of $209.62 and a two-hundred day moving average of $233.07. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 4.65.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, January 30th. The company reported $10.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.40 by ($0.06). The firm had revenue of $13.60 billion for the quarter, compared to the consensus estimate of $13.73 billion. Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $10.10 earnings per share. As a group, equities analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current year.

About Charter Communications

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.