Cigna Investments Inc. New Decreases Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Cigna Investments Inc. New trimmed its stake in shares of Charter Communications, Inc. (NASDAQ:CHTRGet Rating) by 29.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,511 shares of the company’s stock after selling 617 shares during the period. Cigna Investments Inc. New’s holdings in Charter Communications were worth $708,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. FMR LLC lifted its stake in shares of Charter Communications by 364.7% in the second quarter. FMR LLC now owns 2,420,812 shares of the company’s stock worth $1,134,223,000 after buying an additional 1,899,927 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Charter Communications by 67.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,189,146 shares of the company’s stock worth $2,285,264,000 after buying an additional 1,680,069 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Charter Communications by 462.8% in the first quarter. Renaissance Technologies LLC now owns 541,400 shares of the company’s stock worth $295,345,000 after buying an additional 445,200 shares in the last quarter. Aaron Wealth Advisors LLC lifted its stake in shares of Charter Communications by 51,943.8% in the first quarter. Aaron Wealth Advisors LLC now owns 407,503 shares of the company’s stock worth $747,000 after buying an additional 406,720 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Charter Communications by 507.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 477,631 shares of the company’s stock worth $260,557,000 after buying an additional 398,954 shares in the last quarter. 66.91% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Trading Down 0.2 %

NASDAQ CHTR opened at $374.31 on Friday. The firm has a 50 day simple moving average of $355.80 and a 200-day simple moving average of $412.72. The company has a debt-to-equity ratio of 7.73, a quick ratio of 0.32 and a current ratio of 0.32. Charter Communications, Inc. has a one year low of $297.66 and a one year high of $669.86. The firm has a market cap of $58.27 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 0.48 and a beta of 1.11.

Charter Communications (NASDAQ:CHTRGet Rating) last posted its quarterly earnings data on Friday, October 28th. The company reported $7.38 EPS for the quarter, missing the consensus estimate of $7.94 by ($0.56). Charter Communications had a net margin of 10.21% and a return on equity of 36.48%. The business had revenue of $13.55 billion during the quarter, compared to analysts’ expectations of $13.67 billion. During the same period in the previous year, the business posted $6.50 EPS. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. Equities research analysts anticipate that Charter Communications, Inc. will post 31.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. StockNews.com downgraded shares of Charter Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, November 2nd. Wells Fargo & Company cut their price objective on shares of Charter Communications from $393.00 to $370.00 and set an “underweight” rating for the company in a research report on Monday, September 12th. Wolfe Research upgraded shares of Charter Communications from an “underperform” rating to a “peer perform” rating in a research report on Thursday, September 29th. Truist Financial cut their price objective on shares of Charter Communications from $450.00 to $380.00 and set a “hold” rating for the company in a research report on Monday, October 31st. Finally, Pivotal Research cut their price objective on shares of Charter Communications from $560.00 to $475.00 and set a “buy” rating for the company in a research report on Monday, October 31st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $512.35.

Charter Communications Profile

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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 video services, including video on demand, high-definition television, digital video recorder, pay-per-view services.

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

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