Crossmark Global Holdings Inc. Trims Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Crossmark Global Holdings Inc. decreased its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 15.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,774 shares of the company’s stock after selling 523 shares during the period. Crossmark Global Holdings Inc.’s holdings in Charter Communications were worth $951,000 at the end of the most recent reporting period.

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

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $367.58 on Friday. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27. The firm has a market capitalization of $52.27 billion, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 0.46 and a beta of 1.10. The business’s 50 day simple moving average is $366.85 and its 200-day simple moving average is $350.54. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, beating the consensus estimate of $8.55 by $0.27. The company had revenue of $13.80 billion for 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%. Charter Communications’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $8.25 earnings per share. As a group, equities analysts forecast that Charter Communications, Inc. will post 34.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CHTR shares. Morgan Stanley lifted their target price on shares of Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price for the company in a report on Thursday, December 12th. JPMorgan Chase & Co. raised their price target on Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” 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 company an “equal weight” rating in a research note on Monday, November 4th. Finally, Royal Bank of Canada lowered their target price on Charter Communications from $390.00 to $380.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 15th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Charter Communications has a consensus rating of “Hold” and a consensus price target of $383.89.

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.