American International Group Inc. Lowers Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

American International Group Inc. lowered its position in Charter Communications, Inc. (NASDAQ:CHTR) by 2.7% during the first quarter, HoldingsChannel reports. The firm owned 38,701 shares of the company’s stock after selling 1,085 shares during the period. American International Group Inc.’s holdings in Charter Communications were worth $11,248,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Wetzel Investment Advisors Inc. acquired a new position in Charter Communications during the fourth quarter worth about $25,000. Riverview Trust Co purchased a new stake in shares of Charter Communications in the first quarter valued at approximately $40,000. Turtle Creek Wealth Advisors LLC purchased a new position in Charter Communications during the fourth quarter worth approximately $44,000. Cullen Frost Bankers Inc. boosted its stake in Charter Communications by 769.2% during the fourth quarter. Cullen Frost Bankers Inc. now owns 113 shares of the company’s stock worth $44,000 after buying an additional 100 shares during the last quarter. Finally, Bourgeon Capital Management LLC grew its holdings in Charter Communications by 219.5% in the 4th quarter. Bourgeon Capital Management LLC now owns 131 shares of the company’s stock valued at $51,000 after buying an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

CHTR has been the topic of several recent research reports. Pivotal Research lowered their price target on shares of Charter Communications from $450.00 to $400.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Bank of America decreased their target price on shares of Charter Communications from $315.00 to $300.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. Loop Capital cut their price target on shares of Charter Communications from $335.00 to $285.00 and set a “hold” rating for the company in a report on Monday, April 29th. Morgan Stanley upped their price objective on Charter Communications from $300.00 to $330.00 and gave the company an “equal weight” rating in a report on Friday, July 19th. Finally, Rosenblatt Securities lowered their price objective on Charter Communications from $297.00 to $292.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $331.80.

Charter Communications Trading Down 2.3 %

NASDAQ:CHTR traded down $7.38 on Wednesday, reaching $312.66. 1,988,552 shares of the company’s stock were exchanged, compared to its average volume of 1,448,053. The business has a fifty day moving average of $290.25 and a 200-day moving average of $296.09. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 6.28. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $458.30. The firm has a market capitalization of $45.03 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 1.34 and a beta of 1.04.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, April 26th. The company reported $7.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). The business had revenue of $13.68 billion for the quarter, compared to analyst estimates of $13.75 billion. Charter Communications had a return on equity of 31.42% and a net margin of 8.50%. Charter Communications’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the company earned $6.65 earnings per share. As a group, analysts expect that Charter Communications, Inc. will post 31.9 earnings per share 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.