Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Ingalls & Snyder LLC

Ingalls & Snyder LLC decreased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 9.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 923 shares of the company’s stock after selling 100 shares during the period. Ingalls & Snyder LLC’s holdings in Charter Communications were worth $299,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Reston Wealth Management LLC acquired a new position in Charter Communications during the 3rd quarter worth approximately $26,000. Ashton Thomas Securities LLC acquired a new stake in Charter Communications in the third quarter valued at $28,000. Grove Bank & Trust lifted its holdings in Charter Communications by 39.1% during the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after buying an additional 34 shares during the last quarter. CVA Family Office LLC boosted its position in shares of Charter Communications by 31.3% during the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after acquiring an additional 35 shares in the last quarter. Finally, Capital Advisors Ltd. LLC increased its holdings in shares of Charter Communications by 28.7% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock valued at $51,000 after acquiring an additional 35 shares during the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Price Performance

Charter Communications stock opened at $397.61 on Wednesday. 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 business has a 50 day simple moving average of $356.19 and a 200-day simple moving average of $331.67. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27. The stock has a market capitalization of $56.54 billion, a PE ratio of 12.45, a price-to-earnings-growth ratio of 0.63 and a beta of 1.08.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Pivotal Research boosted their target price on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Wells Fargo & Company boosted their price objective on shares of Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Barclays increased their target price on shares of Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a research report on Monday, November 4th. Benchmark boosted their price target on shares of Charter Communications from $440.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, Bank of America raised Charter Communications from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $385.00 to $450.00 in a report on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Charter Communications presently has a consensus rating of “Hold” and an average target price of $378.00.

Charter Communications Company 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.