Rothschild & Co Wealth Management UK Ltd Buys 3,530 Shares of Charter Communications, Inc. $CHTR

Rothschild & Co Wealth Management UK Ltd lifted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 0.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 553,753 shares of the company’s stock after acquiring an additional 3,530 shares during the period. Charter Communications accounts for about 3.4% of Rothschild & Co Wealth Management UK Ltd’s portfolio, making the stock its 12th largest position. Rothschild & Co Wealth Management UK Ltd owned approximately 0.41% of Charter Communications worth $226,380,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Andra AP fonden grew its stake in shares of Charter Communications by 5,371.2% in the 2nd quarter. Andra AP fonden now owns 38,900 shares of the company’s stock valued at $15,903,000 after buying an additional 38,189 shares during the period. Resona Asset Management Co. Ltd. raised its stake in Charter Communications by 4.4% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 31,426 shares of the company’s stock worth $12,807,000 after buying an additional 1,318 shares during the period. Atlantic Union Bankshares Corp bought a new position in Charter Communications in the second quarter worth approximately $25,000. First Horizon Advisors Inc. grew its stake in Charter Communications by 72.1% in the second quarter. First Horizon Advisors Inc. now owns 1,248 shares of the company’s stock valued at $510,000 after acquiring an additional 523 shares during the period. Finally, Hussman Strategic Advisors Inc. increased its holdings in shares of Charter Communications by 40.0% during the second quarter. Hussman Strategic Advisors Inc. now owns 14,700 shares of the company’s stock valued at $6,010,000 after acquiring an additional 4,200 shares in the last quarter. 81.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Charter Communications from $325.00 to $275.00 and set a “hold” rating for the company in a research report on Monday. Barclays dropped their price objective on shares of Charter Communications from $275.00 to $200.00 and set an “underweight” rating on the stock in a research note on Monday. The Goldman Sachs Group started coverage on shares of Charter Communications in a research report on Tuesday, September 2nd. They set a “sell” rating and a $223.00 target price for the company. Citigroup lowered their target price on shares of Charter Communications from $325.00 to $310.00 and set a “buy” rating on the stock in a report on Monday. Finally, Wells Fargo & Company cut their price target on Charter Communications from $300.00 to $240.00 and set an “equal weight” rating for the company in a research note on Monday. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, Charter Communications presently has a consensus rating of “Reduce” and a consensus price target of $329.56.

Charter Communications Trading Down 3.2%

Shares of CHTR stock opened at $217.86 on Friday. The company has a debt-to-equity ratio of 4.57, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market capitalization of $29.76 billion, a price-to-earnings ratio of 5.97, a PEG ratio of 0.55 and a beta of 1.04. Charter Communications, Inc. has a 52-week low of $214.83 and a 52-week high of $437.06. The company has a 50-day simple moving average of $258.13 and a two-hundred day simple moving average of $325.39.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, October 31st. The company reported $8.34 earnings per share for the quarter, missing analysts’ consensus estimates of $9.66 by ($1.32). The business had revenue of $13.67 billion during the quarter, compared to analysts’ expectations of $13.76 billion. Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.Charter Communications’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $8.82 EPS. Research analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal 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.