Bank of New York Mellon Corp Sells 18,952 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Bank of New York Mellon Corp trimmed its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 633,251 shares of the company’s stock after selling 18,952 shares during the quarter. Bank of New York Mellon Corp owned 0.45% of Charter Communications worth $217,059,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Reston Wealth Management LLC bought a new stake in shares of Charter Communications during the third quarter valued at about $26,000. Ashton Thomas Securities LLC purchased a new position in Charter Communications during the third quarter valued at approximately $28,000. Avior Wealth Management LLC increased its holdings in Charter Communications by 104.7% during the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after acquiring an additional 45 shares during the period. Sierra Ocean LLC purchased a new stake in Charter Communications in the 4th quarter worth approximately $32,000. Finally, Wingate Wealth Advisors Inc. bought a new position in Charter Communications in the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CHTR shares. Wells Fargo & Company increased their price objective 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. Pivotal Research raised their price target on Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 4th. Benchmark restated a “buy” rating and issued a $450.00 price objective on shares of Charter Communications in a research report on Friday, January 31st. BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price for the company in a research report on Tuesday, November 26th. Finally, Royal Bank of Canada increased their price target on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Charter Communications has an average rating of “Hold” and an average price target of $384.42.

Charter Communications Trading Up 1.6 %

Shares of CHTR opened at $359.04 on Friday. The stock has a market capitalization of $51.05 billion, a P/E ratio of 10.27, a PEG ratio of 0.44 and a beta of 1.11. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The firm has a fifty day simple moving average of $352.05 and a two-hundred day simple moving average of $353.63.

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