Baxter Bros Inc. Sells 222 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Baxter Bros Inc. lowered its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 8.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,483 shares of the company’s stock after selling 222 shares during the period. Baxter Bros Inc.’s holdings in Charter Communications were worth $805,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Savant Capital LLC lifted its position in shares of Charter Communications by 1.7% during the second quarter. Savant Capital LLC now owns 1,859 shares of the company’s stock valued at $556,000 after purchasing an additional 31 shares in the last quarter. US Bancorp DE lifted its position 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. B. Riley Wealth Advisors Inc. lifted its position in shares of Charter Communications by 3.1% during the second quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company’s stock valued at $314,000 after purchasing an additional 32 shares in the last quarter. Grove Bank & Trust lifted its position in shares of Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after purchasing an additional 34 shares in the last quarter. Finally, CVA Family Office LLC raised its position in Charter Communications by 31.3% in the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after acquiring an additional 35 shares during the period. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CHTR. Wells Fargo & Company lifted their price objective on shares of Charter Communications from $260.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Pivotal Research lifted their price objective on shares of Charter Communications from $400.00 to $435.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Barclays lifted their price objective on shares of Charter Communications from $250.00 to $300.00 and gave the stock an “underweight” rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Charter Communications from $300.00 to $325.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Finally, Bank of America lifted their price objective on shares of Charter Communications from $360.00 to $385.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $356.41.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $366.49 on Friday. The company has a 50 day moving average of $333.06 and a 200 day moving average of $311.99. The stock has a market cap of $52.31 billion, a P/E ratio of 11.69, a P/E/G ratio of 0.60 and a beta of 1.05. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $424.86. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 5.84.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, November 1st. The company reported $8.82 EPS for the quarter, beating the consensus estimate of $8.55 by $0.27. The company had revenue of $13.80 billion during the quarter, compared to analysts’ expectations of $13.66 billion. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. Charter Communications’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $8.25 earnings per share. As a group, sell-side analysts forecast that Charter Communications, Inc. will post 32.51 EPS for the current fiscal 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.