Central Pacific Bank Trust Division Sells 50 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Central Pacific Bank Trust Division decreased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,450 shares of the company’s stock after selling 50 shares during the period. Central Pacific Bank Trust Division’s holdings in Charter Communications were worth $1,525,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Everence Capital Management Inc. bought a new position in shares of Charter Communications in the fourth quarter worth $350,000. GAMMA Investing LLC grew its holdings in Charter Communications by 9.7% during the 4th quarter. GAMMA Investing LLC now owns 1,977 shares of the company’s stock valued at $678,000 after buying an additional 175 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Charter Communications by 2.3% in the third quarter. Principal Financial Group Inc. now owns 112,103 shares of the company’s stock worth $36,330,000 after buying an additional 2,495 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new position in Charter Communications during the third quarter valued at approximately $1,345,000. Finally, Franklin Resources Inc. lifted its stake in Charter Communications by 4.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after purchasing an additional 148,003 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Up 1.4 %

Charter Communications stock traded up $4.97 during mid-day trading on Friday, reaching $354.32. 629,542 shares of the company traded hands, compared to its average volume of 662,483. The firm’s 50 day moving average price is $373.37 and its 200 day moving average price is $344.61. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. The firm has a market capitalization of $50.38 billion, a price-to-earnings ratio of 11.10, a P/E/G ratio of 0.60 and a beta of 1.08.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.55 by $0.27. The firm had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The business’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $8.25 EPS. On average, analysts anticipate that Charter Communications, Inc. will post 32.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CHTR has been the subject of several research analyst reports. KeyCorp raised Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Royal Bank of Canada boosted their price target on shares of Charter Communications from $345.00 to $390.00 and gave the stock a “sector perform” rating in a research note on Monday, November 4th. Benchmark lifted their price objective on shares of Charter Communications from $440.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, Bank of America upgraded Charter Communications from a “neutral” rating to a “buy” rating and raised their price target for the company from $385.00 to $450.00 in a research report on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $384.42.

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.