Charter Communications, Inc. (NASDAQ:CHTR) Holdings Boosted by Raymond James Trust N.A.

Raymond James Trust N.A. raised its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 69.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,232 shares of the company’s stock after acquiring an additional 504 shares during the quarter. Raymond James Trust N.A.’s holdings in Charter Communications were worth $414,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Huntington National Bank purchased a new stake in shares of Charter Communications in the third quarter valued at about $128,000. Northwestern Mutual Wealth Management Co. increased its holdings in Charter Communications by 109.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 409 shares of the company’s stock worth $137,000 after buying an additional 214 shares during the last quarter. CLS Investments LLC increased its holdings in Charter Communications by 4,733.3% during the third quarter. CLS Investments LLC now owns 435 shares of the company’s stock worth $158,000 after buying an additional 426 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Charter Communications during the third quarter worth about $180,000. Finally, WoodTrust Financial Corp purchased a new stake in Charter Communications during the fourth quarter worth about $202,000. Hedge funds and other institutional investors own 72.01% of the company’s stock.

In related news, EVP Jonathan Hargis sold 27,000 shares of Charter Communications stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $364.76, for a total value of $9,848,520.00. Following the sale, the executive vice president now owns 34,931 shares in the company, valued at $12,741,431.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.56% of the company’s stock.

A number of analysts recently issued reports on CHTR shares. Citigroup restated a “buy” rating and set a $436.00 price objective (down previously from $453.00) on shares of Charter Communications in a report on Wednesday, February 7th. Zacks Investment Research lowered shares of Charter Communications from a “hold” rating to a “sell” rating in a research report on Thursday, January 18th. Royal Bank of Canada reiterated a “buy” rating and set a $400.00 target price on shares of Charter Communications in a research report on Thursday, November 2nd. Buckingham Research initiated coverage on shares of Charter Communications in a research report on Wednesday, December 13th. They set a “buy” rating and a $415.00 target price for the company. Finally, Pivotal Research restated a “buy” rating and issued a $500.00 price objective (up from $420.00) on shares of Charter Communications in a research report on Monday, February 5th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $396.11.

Charter Communications, Inc. (NASDAQ CHTR) opened at $358.94 on Thursday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 1.43. Charter Communications, Inc. has a one year low of $308.30 and a one year high of $408.83. The company has a market cap of $84,831.81, a price-to-earnings ratio of 10.02, a P/E/G ratio of 2.99 and a beta of 1.14.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, February 2nd. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.01. The business had revenue of $10.60 billion for the quarter, compared to analysts’ expectations of $10.60 billion. Charter Communications had a net margin of 23.80% and a return on equity of 1.11%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.67 earnings per share. analysts anticipate that Charter Communications, Inc. will post 4.55 EPS for the current year.

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Charter Communications Profile

Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.

Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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