Amalgamated Bank Sells 475 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Amalgamated Bank lessened its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,429 shares of the company’s stock after selling 475 shares during the quarter. Amalgamated Bank’s holdings in Charter Communications were worth $6,317,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CHTR. Chemistry Wealth Management LLC grew its position in Charter Communications by 4.8% during the 4th quarter. Chemistry Wealth Management LLC now owns 660 shares of the company’s stock worth $226,000 after acquiring an additional 30 shares during the last quarter. US Bancorp DE boosted its stake in shares of Charter Communications by 0.4% during the third quarter. US Bancorp DE now owns 7,370 shares of the company’s stock valued at $2,388,000 after purchasing an additional 31 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Charter Communications by 16.4% during the fourth quarter. Allworth Financial LP now owns 256 shares of the company’s stock worth $90,000 after purchasing an additional 36 shares during the last quarter. Brooklyn Investment Group increased its stake in shares of Charter Communications by 5.8% in the fourth quarter. Brooklyn Investment Group now owns 671 shares of the company’s stock valued at $230,000 after buying an additional 37 shares during the period. Finally, Avior Wealth Management LLC raised its holdings in Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after buying an additional 45 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CHTR. BNP Paribas raised shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price on the stock in a report on Tuesday, November 26th. Royal Bank of Canada boosted their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. Wells Fargo & Company raised their target price on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Benchmark reiterated a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. raised their price objective on Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Charter Communications currently has an average rating of “Hold” and an average target price of $384.42.

Charter Communications Stock Performance

Shares of CHTR stock opened at $353.48 on Thursday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27. The firm has a 50 day moving average of $351.92 and a 200-day moving average of $353.59. The company has a market cap of $50.26 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, topping analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same period in the previous year, the business earned $7.07 earnings per share. On average, equities analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

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.