Stifel Financial Corp Lowers Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Stifel Financial Corp lowered its position in Charter Communications, Inc. (NASDAQ:CHTR) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,318 shares of the company’s stock after selling 306 shares during the quarter. Stifel Financial Corp’s holdings in Charter Communications were worth $4,640,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CHTR. Cornerstone Capital Inc. grew its position in shares of Charter Communications by 40.7% during the 3rd quarter. Cornerstone Capital Inc. now owns 37,860 shares of the company’s stock worth $12,270,000 after buying an additional 10,950 shares in the last quarter. National Pension Service lifted its stake in Charter Communications by 8.1% in the third quarter. National Pension Service now owns 172,013 shares of the company’s stock worth $55,746,000 after acquiring an additional 12,915 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in Charter Communications during the 3rd quarter worth about $17,788,000. Charles Schwab Investment Management Inc. increased its position in Charter Communications by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company’s stock valued at $267,267,000 after purchasing an additional 7,008 shares during the period. Finally, AustralianSuper Pty Ltd bought a new stake in shares of Charter Communications in the 2nd quarter valued at about $7,171,000. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CHTR shares. KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a research note on Thursday. Benchmark increased their target price on Charter Communications from $440.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Barclays lifted their price target on Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a report on Monday, November 4th. Wells Fargo & Company upped their price objective on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Finally, Citigroup raised Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price objective on the stock in a research report on Wednesday, September 11th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $384.42.

Charter Communications Stock Down 2.2 %

NASDAQ:CHTR opened at $379.78 on Monday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The company has a market cap of $54.00 billion, a PE ratio of 11.89, a P/E/G ratio of 0.60 and a beta of 1.08. The company’s 50 day moving average is $366.42 and its two-hundred day moving average is $338.18.

Charter Communications (NASDAQ:CHTR) last released 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 for the quarter, compared to the consensus estimate of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $8.25 EPS. Analysts anticipate that Charter Communications, Inc. will post 32.87 EPS for the current year.

Charter Communications 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.