Truist Financial Corp Trims Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Truist Financial Corp lessened its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 57.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,813 shares of the company’s stock after selling 10,445 shares during the quarter. Truist Financial Corp’s holdings in Charter Communications were worth $3,037,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wetzel Investment Advisors Inc. bought a new stake in shares of Charter Communications in the fourth quarter worth $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Charter Communications in the 4th quarter worth about $44,000. Catalyst Capital Advisors LLC raised its stake in shares of Charter Communications by 32.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company’s stock valued at $49,000 after purchasing an additional 27 shares in the last quarter. Bourgeon Capital Management LLC lifted its position in shares of Charter Communications by 219.5% during 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 last quarter. Finally, NBC Securities Inc. acquired a new position in Charter Communications in the third quarter worth about $56,000. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Trading Down 1.3 %

NASDAQ:CHTR opened at $268.00 on Wednesday. The stock has a market cap of $38.60 billion, a price-to-earnings ratio of 8.67, a PEG ratio of 1.07 and a beta of 0.97. The company has a debt-to-equity ratio of 6.28, a quick ratio of 0.40 and a current ratio of 0.40. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $458.30. The business has a fifty day moving average of $276.92 and a 200-day moving average of $337.76.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, April 26th. The company reported $7.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The company had revenue of $13.68 billion during the quarter, compared to the consensus estimate of $13.75 billion. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.65 EPS. Equities analysts predict that Charter Communications, Inc. will post 32.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Benchmark cut their price objective on Charter Communications from $490.00 to $440.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. Rosenblatt Securities reduced their price objective on Charter Communications from $297.00 to $292.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. Barclays lowered their target price on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating for the company in a research note on Tuesday, April 2nd. Bank of America reduced their price target on shares of Charter Communications from $315.00 to $300.00 and set a “neutral” rating on the stock in a research report on Monday, April 29th. Finally, UBS Group lowered their price objective on shares of Charter Communications from $360.00 to $325.00 and set a “neutral” rating for the company in a research report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Charter Communications currently has an average rating of “Hold” and a consensus price target of $356.47.

About Charter Communications

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.