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

Central Pacific Bank Trust Division lowered its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,450 shares of the company’s stock after selling 50 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Charter Communications were worth $1,525,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CHTR. Franklin Resources Inc. grew its position in Charter Communications by 4.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after acquiring an additional 148,003 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Charter Communications by 0.6% during the third quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company’s stock worth $785,744,000 after purchasing an additional 13,430 shares during the last quarter. FMR LLC increased its stake in shares of Charter Communications by 27.7% in the third quarter. FMR LLC now owns 1,064,948 shares of the company’s stock valued at $345,128,000 after buying an additional 230,817 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Charter Communications by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company’s stock valued at $267,267,000 after buying an additional 7,008 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Charter Communications by 10.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 712,550 shares of the company’s stock worth $212,998,000 after acquiring an additional 69,959 shares during the last quarter. 81.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CHTR shares. Wolfe Research lowered shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target on the stock. in a report on Monday, September 30th. KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target on the stock in a research report on Thursday, December 12th. Bank of America upgraded 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 research report on Monday, November 4th. JPMorgan Chase & Co. upped their target price on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Finally, Pivotal Research lifted their target price on shares of Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $384.42.

Charter Communications Stock Up 1.4 %

Shares of CHTR stock traded up $4.97 on Friday, hitting $354.32. The stock had a trading volume of 629,542 shares, compared to its average volume of 662,483. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month 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 business has a 50 day moving average of $373.37 and a 200 day moving average of $344.61. The stock has a market cap of $50.38 billion, a price-to-earnings ratio of 11.10, a price-to-earnings-growth 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, beating 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 period last year, the firm posted $8.25 EPS. As a group, analysts expect that Charter Communications, Inc. will post 32.87 EPS for the current 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.