Dorsey & Whitney Trust CO LLC Sells 72 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Dorsey & Whitney Trust CO LLC lowered its position in Charter Communications, Inc. (NASDAQ:CHTR) by 6.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,098 shares of the company’s stock after selling 72 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Charter Communications were worth $328,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CHTR. Choreo LLC bought a new stake in shares of Charter Communications during the 2nd quarter valued at about $1,931,000. PFG Investments LLC boosted its holdings in shares of Charter Communications by 2.1% during the 2nd quarter. PFG Investments LLC now owns 1,926 shares of the company’s stock worth $576,000 after buying an additional 39 shares in the last quarter. Prestige Wealth Management Group LLC grew its position in shares of Charter Communications by 15.1% during the 2nd quarter. Prestige Wealth Management Group LLC now owns 1,532 shares of the company’s stock worth $458,000 after buying an additional 201 shares during the period. Caprock Group LLC increased its stake in shares of Charter Communications by 17.3% in the 2nd quarter. Caprock Group LLC now owns 3,017 shares of the company’s stock valued at $902,000 after acquiring an additional 445 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of Charter Communications by 2,372.9% during the 2nd quarter. Acadian Asset Management LLC now owns 3,289 shares of the company’s stock valued at $981,000 after acquiring an additional 3,156 shares during the period. 81.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wolfe Research lowered shares of Charter Communications from an “outperform” rating to a “peer perform” rating in a report on Wednesday, July 31st. Bank of America increased their price target on Charter Communications from $360.00 to $385.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. The Goldman Sachs Group assumed coverage on Charter Communications in a report on Monday, July 1st. They set a “sell” rating and a $250.00 price objective for the company. JPMorgan Chase & Co. increased their target price on Charter Communications from $300.00 to $385.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Finally, TD Cowen lifted their price target on shares of Charter Communications from $488.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $360.93.

Charter Communications Trading Up 3.5 %

Shares of CHTR stock opened at $339.03 on Friday. The company has a debt-to-equity ratio of 5.84, a quick ratio of 0.39 and a current ratio of 0.39. The company has a market capitalization of $48.83 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 0.61 and a beta of 1.05. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $458.30. The company has a 50-day simple moving average of $340.23 and a two-hundred day simple moving average of $300.17.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, July 26th. The company reported $8.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.98 by $0.51. The company had revenue of $13.69 billion during the quarter, compared to analyst estimates of $13.59 billion. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. Charter Communications’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $8.05 earnings per share. Research analysts anticipate that Charter Communications, Inc. will post 32.52 EPS for the current fiscal year.

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.