Charter Communications, Inc. (NASDAQ:CHTR) Position Increased by First Hawaiian Bank

First Hawaiian Bank raised its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,651 shares of the company’s stock after buying an additional 146 shares during the period. First Hawaiian Bank’s holdings in Charter Communications were worth $4,336,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of CHTR. Reston Wealth Management LLC purchased a new stake in shares of Charter Communications during the third quarter valued at $26,000. Ashton Thomas Securities LLC acquired a new stake in Charter Communications during the 3rd quarter worth about $28,000. Grove Bank & Trust lifted its stake in Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after buying an additional 34 shares in the last quarter. CVA Family Office LLC boosted its holdings in shares of Charter Communications by 31.3% in the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after buying an additional 35 shares during the period. Finally, Capital Advisors Ltd. LLC increased its position in shares of Charter Communications by 28.7% in the third quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock worth $51,000 after acquiring an additional 35 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Performance

Shares of NASDAQ:CHTR traded up $1.69 during midday trading on Wednesday, hitting $349.32. The company’s stock had a trading volume of 802,310 shares, compared to its average volume of 1,043,665. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34. The stock’s 50 day simple moving average is $374.62 and its 200 day simple moving average is $346.93. The stock has a market capitalization of $49.67 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 0.60 and a beta of 1.10. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, topping the consensus estimate of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The company had revenue of $13.80 billion for the quarter, compared to the consensus estimate of $13.66 billion. During the same period in the previous year, the business posted $8.25 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, research analysts anticipate that Charter Communications, Inc. will post 32.87 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Barclays raised their price objective on shares of Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a research note on Monday, November 4th. KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target on the stock in a report on Thursday, December 12th. Wolfe Research downgraded Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price objective for the company. in a research note on Monday, September 30th. Deutsche Bank Aktiengesellschaft lifted their target price on Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, Royal Bank of Canada increased their price target on shares of Charter Communications from $345.00 to $390.00 and gave the stock a “sector perform” rating in a research report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $384.42.

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.