Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC decreased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 5.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,759 shares of the company’s stock after selling 159 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Charter Communications were worth $946,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Franklin Resources Inc. boosted its stake in shares of Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock valued at $1,052,868,000 after purchasing an additional 148,003 shares during the period. Geode Capital Management LLC boosted its position in Charter Communications by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company’s stock valued at $785,744,000 after buying an additional 13,430 shares during the period. FMR LLC grew its stake in shares of Charter Communications by 27.7% in the third quarter. FMR LLC now owns 1,064,948 shares of the company’s stock worth $345,128,000 after acquiring an additional 230,817 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Charter Communications by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company’s stock worth $267,267,000 after acquiring an additional 7,008 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Charter Communications by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 712,550 shares of the company’s stock valued at $212,998,000 after acquiring an additional 69,959 shares in the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Trading Up 0.5 %

NASDAQ CHTR opened at $348.00 on Thursday. The firm’s fifty day moving average is $373.30 and its two-hundred day moving average is $348.74. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27. 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 firm has a market cap of $49.48 billion, a PE ratio of 10.90, a P/E/G ratio of 0.60 and a beta of 1.10.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $13.80 billion for the quarter, compared to analysts’ expectations of $13.66 billion. During the same quarter in the previous year, the firm posted $8.25 EPS. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. Analysts expect that Charter Communications, Inc. will post 32.87 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CHTR shares. Morgan Stanley lifted their price objective on Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price target for the company in a report on Tuesday, November 26th. Pivotal Research raised their price objective on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 4th. JPMorgan Chase & Co. boosted their target price on shares of Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Finally, Royal Bank of Canada dropped their target price on Charter Communications from $390.00 to $380.00 and set a “sector perform” rating on the stock in a report on Wednesday. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Charter Communications currently has a consensus rating of “Hold” and a consensus price target of $383.89.

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.