AMG National Trust Bank Purchases Shares of 3,429 Charter Communications, Inc. (NASDAQ:CHTR)

AMG National Trust Bank bought a new position in Charter Communications, Inc. (NASDAQ:CHTR) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 3,429 shares of the company’s stock, valued at approximately $1,111,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Orion Portfolio Solutions LLC lifted its position in Charter Communications by 98.3% during the first quarter. Orion Portfolio Solutions LLC now owns 2,875 shares of the company’s stock valued at $836,000 after buying an additional 1,425 shares during the period. Intech Investment Management LLC purchased a new position in Charter Communications during the 1st quarter valued at about $224,000. Covestor Ltd grew its holdings in Charter Communications by 634.6% in the first quarter. Covestor Ltd now owns 382 shares of the company’s stock worth $111,000 after purchasing an additional 330 shares during the period. UniSuper Management Pty Ltd increased its stake in shares of Charter Communications by 359.9% during the first quarter. UniSuper Management Pty Ltd now owns 4,507 shares of the company’s stock valued at $1,310,000 after purchasing an additional 3,527 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of Charter Communications by 50.8% during the first quarter. Bessemer Group Inc. now owns 9,147 shares of the company’s stock valued at $2,658,000 after purchasing an additional 3,080 shares during the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CHTR shares. Raymond James lowered Charter Communications from a “market perform” rating to an “underperform” rating in a research report on Monday, July 29th. Morgan Stanley raised their price target on Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Benchmark upped their price target on shares of Charter Communications from $440.00 to $450.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Royal Bank of Canada raised their price objective on shares of Charter Communications from $345.00 to $390.00 and gave the company a “sector perform” rating in a research note on Monday, November 4th. Finally, Barclays upped their target price 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. Four analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Charter Communications has an average rating of “Hold” and an average price target of $379.06.

Charter Communications Trading Down 0.0 %

Charter Communications stock opened at $384.84 on Wednesday. The business has a 50-day simple moving average of $345.02 and a two-hundred day simple moving average of $323.38. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The company has a market cap of $54.72 billion, a P/E ratio of 12.05, a P/E/G ratio of 0.62 and a beta of 1.03.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, beating analysts’ consensus estimates of $8.55 by $0.27. The business had revenue of $13.80 billion during the quarter, compared to analysts’ expectations of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $8.25 earnings per share. Analysts predict that Charter Communications, Inc. will post 32.87 EPS for the current year.

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.