Central Bank & Trust Co. Sells 84 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Central Bank & Trust Co. lessened its position in shares of Charter Communications, Inc. (NASDAQ:CHTRFree Report) by 19.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 350 shares of the company’s stock after selling 84 shares during the period. Central Bank & Trust Co.’s holdings in Charter Communications were worth $102,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Wetzel Investment Advisors Inc. bought a new position in Charter Communications during the fourth quarter worth $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Charter Communications in the fourth quarter worth $44,000. Cullen Frost Bankers Inc. grew its holdings in Charter Communications by 769.2% in the fourth quarter. Cullen Frost Bankers Inc. now owns 113 shares of the company’s stock worth $44,000 after purchasing an additional 100 shares during the period. Bourgeon Capital Management LLC grew its holdings in Charter Communications by 219.5% in the fourth quarter. Bourgeon Capital Management LLC now owns 131 shares of the company’s stock worth $51,000 after purchasing an additional 90 shares during the period. Finally, Johnson Financial Group Inc. grew its holdings in Charter Communications by 89.9% in the fourth quarter. Johnson Financial Group Inc. now owns 169 shares of the company’s stock worth $66,000 after purchasing an additional 80 shares during the period. Institutional investors own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CHTR shares. Bank of America reduced their price target on shares of Charter Communications from $315.00 to $300.00 and set a “neutral” rating for the company in a report on Monday, April 29th. Wells Fargo & Company reduced their price target on shares of Charter Communications from $290.00 to $260.00 and set an “equal weight” rating for the company in a report on Monday, April 29th. Barclays reduced their price target on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating for the company in a report on Tuesday, April 2nd. UBS Group reduced their price objective on shares of Charter Communications from $360.00 to $325.00 and set a “neutral” rating for the company in a report on Thursday, March 28th. Finally, Sanford C. Bernstein upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price objective for the company in a report on Monday, March 18th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Charter Communications currently has a consensus rating of “Hold” and a consensus target price of $356.47.

Get Our Latest Research Report on Charter Communications

Charter Communications Stock Up 2.2 %

Charter Communications stock traded up $6.35 during midday trading on Friday, hitting $290.35. 2,057,241 shares of the stock were exchanged, compared to its average volume of 843,602. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $458.30. The stock has a market capitalization of $41.82 billion, a price-to-earnings ratio of 9.39, a price-to-earnings-growth ratio of 1.14 and a beta of 1.04. The business’s 50-day moving average price is $271.42 and its 200-day moving average price is $308.19. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 6.28.

Charter Communications (NASDAQ:CHTRGet Free Report) last announced its quarterly earnings data on Friday, April 26th. The company reported $7.55 EPS for the quarter, missing the consensus estimate of $7.78 by ($0.23). The company had revenue of $13.68 billion during the quarter, compared to the consensus estimate of $13.75 billion. Charter Communications had a return on equity of 31.42% and a net margin of 8.50%. The business’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm posted $6.65 EPS. On average, research analysts expect that Charter Communications, Inc. will post 32.02 EPS for the current fiscal year.

Charter Communications Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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