Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. decreased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 0.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,240 shares of the company’s stock after selling 269 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in Charter Communications were worth $12,857,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Capital International Investors boosted its holdings in shares of Charter Communications by 6.6% during the fourth quarter. Capital International Investors now owns 6,873,200 shares of the company’s stock valued at $2,671,608,000 after acquiring an additional 427,922 shares during the period. Parnassus Investments LLC lifted its holdings in Charter Communications by 40.1% in the fourth quarter. Parnassus Investments LLC now owns 1,620,542 shares of the company’s stock worth $629,872,000 after purchasing an additional 463,968 shares during the period. Putnam Investments LLC lifted its holdings in Charter Communications by 24.5% in the fourth quarter. Putnam Investments LLC now owns 1,233,243 shares of the company’s stock worth $479,337,000 after purchasing an additional 242,448 shares during the period. Morgan Stanley lifted its holdings in Charter Communications by 15.8% in the third quarter. Morgan Stanley now owns 1,186,738 shares of the company’s stock worth $521,952,000 after purchasing an additional 161,830 shares during the period. Finally, Norges Bank acquired a new stake in Charter Communications in the fourth quarter worth about $310,727,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CHTR shares. 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. Bank of America reduced their price objective 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. Sanford C. Bernstein upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price target on the stock in a research report on Monday, March 18th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Charter Communications from $375.00 to $320.00 and set a “hold” rating on the stock in a research report on Tuesday, April 16th. Finally, Wells Fargo & Company dropped their price target on shares of Charter Communications from $290.00 to $260.00 and set an “equal weight” rating on the stock in a research report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $356.47.

Charter Communications Stock Up 1.6 %

NASDAQ:CHTR traded up $4.85 on Friday, hitting $298.96. 4,560,564 shares of the company’s stock traded hands, compared to its average volume of 1,463,723. The company has a market cap of $43.06 billion, a PE ratio of 9.67, a price-to-earnings-growth ratio of 1.08 and a beta of 1.04. The firm has a 50-day moving average price of $274.69 and a 200-day moving average price of $305.97. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $458.30. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 6.28.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, April 26th. The company reported $7.55 EPS for the quarter, missing the consensus estimate of $7.78 by ($0.23). The firm had revenue of $13.68 billion during the quarter, compared to the consensus estimate of $13.75 billion. Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.65 EPS. Equities analysts anticipate that Charter Communications, Inc. will post 32.51 EPS for the current fiscal year.

Charter Communications 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.