B. Metzler seel. Sohn & Co. AG Sells 5,787 Shares of Charter Communications, Inc. $CHTR

Key Points

• B. Metzler seel. Sohn & Co. AG cut its stake in Charter Communications by 72.6% in Q3, selling 5,787 shares and leaving it with 2,179 shares valued at about $599,000.
• Charter reported quarterly EPS of $10.34 (missing estimates by $0.06) and revenue of $13.60 billion (down 2.3% YoY and below consensus), with a net margin of 9.1% and ROE of 24.6%.
• Analysts have a consensus rating of "Hold" and a target price of $335.11 amid mixed coverage (6 Buy / 10 Hold / 6 Sell); the stock trades around $224 with a 12‑month range of $180–$437 and a PE of 6.18.

B. Metzler seel. Sohn & Co. AG cut its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 72.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,179 shares of the company's stock after selling 5,787 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Charter Communications were worth $599,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CHTR. Atlantic Union Bankshares Corp bought a new stake in Charter Communications during the second quarter worth about $25,000. Heritage Wealth Advisors bought a new position in shares of Charter Communications during the 2nd quarter valued at about $29,000. Geneos Wealth Management Inc. raised its holdings in shares of Charter Communications by 141.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company's stock valued at $35,000 after buying an additional 55 shares in the last quarter. Webster Bank N. A. bought a new stake in Charter Communications in the 3rd quarter worth approximately $28,000. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in Charter Communications in the 3rd quarter worth approximately $30,000. Hedge funds and other institutional investors own 81.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. KeyCorp reiterated a "sector weight" rating on shares of Charter Communications in a research report on Monday, January 26th. The Goldman Sachs Group lowered their price objective on shares of Charter Communications from $210.00 to $185.00 and set a "sell" rating for the company in a report on Monday, February 2nd. Benchmark increased their target price on shares of Charter Communications from $425.00 to $455.00 and gave the company a "buy" rating in a report on Thursday, January 29th. Sanford C. Bernstein set a $220.00 target price on shares of Charter Communications in a research report on Wednesday, January 28th. Finally, Wells Fargo & Company boosted their price target on shares of Charter Communications from $180.00 to $200.00 and gave the stock an "underweight" rating in a research note on Monday, February 2nd. Six analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $335.11.

Charter Communications Price Performance

Shares of Charter Communications stock opened at $224.36 on Thursday. The company's fifty day simple moving average is $216.34 and its two-hundred day simple moving average is $229.34. Charter Communications, Inc. has a 12-month low of $180.38 and a 12-month high of $437.06. The firm has a market cap of $28.41 billion, a PE ratio of 6.18, a price-to-earnings-growth ratio of 0.35 and a beta of 1.02. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 4.65.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings data on Friday, January 30th. The company reported $10.34 EPS for the quarter, missing the consensus estimate of $10.40 by ($0.06). The firm had revenue of $13.60 billion for the quarter, compared to the consensus estimate of $13.73 billion. Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. The business's revenue was down 2.3% on a year-over-year basis. During the same period last year, the company posted $10.10 earnings per share. As a group, equities analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current year.

Charter Communications Company Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter's service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company's consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.

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