Charter Communications, Inc. (NASDAQ:CHTR) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 0.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 634,113 shares of the company's stock after purchasing an additional 862 shares during the period. Bank of New York Mellon Corp owned about 0.45% of Charter Communications worth $233,690,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Makaira Partners LLC increased its holdings in shares of Charter Communications by 4.0% in the fourth quarter. Makaira Partners LLC now owns 373,191 shares of the company's stock worth $127,919,000 after purchasing an additional 14,510 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of Charter Communications by 213.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 26,344 shares of the company's stock worth $9,030,000 after purchasing an additional 17,952 shares during the last quarter. Private Trust Co. NA increased its holdings in shares of Charter Communications by 69.5% in the first quarter. Private Trust Co. NA now owns 161 shares of the company's stock worth $59,000 after purchasing an additional 66 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Charter Communications by 21.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,893 shares of the company's stock worth $1,435,000 after purchasing an additional 676 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its holdings in shares of Charter Communications by 25.2% in the first quarter. Vontobel Holding Ltd. now owns 1,649 shares of the company's stock worth $608,000 after purchasing an additional 332 shares during the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CHTR shares. Bank of America lifted their target price on Charter Communications from $450.00 to $500.00 and gave the stock a "buy" rating in a report on Tuesday, July 1st. Raymond James Financial raised Charter Communications from an "underperform" rating to a "market perform" rating in a report on Monday, May 19th. Citigroup lifted their target price on Charter Communications from $425.00 to $445.00 and gave the stock a "buy" rating in a report on Monday, April 28th. Loop Capital raised Charter Communications from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $430.00 to $510.00 in a research note on Monday, May 19th. Finally, Morgan Stanley boosted their price objective on Charter Communications from $385.00 to $415.00 and gave the stock an "equal weight" rating in a research note on Monday, April 28th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $421.26.

Charter Communications Stock Performance

Shares of CHTR traded down $9.38 during mid-day trading on Friday, reaching $392.20. The company had a trading volume of 813,949 shares, compared to its average volume of 1,267,219. Charter Communications, Inc. has a 52-week low of $303.77 and a 52-week high of $437.06. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 4.54. The stock has a market capitalization of $55.05 billion, a P/E ratio of 10.95, a PEG ratio of 0.44 and a beta of 1.08. The stock has a 50 day moving average of $401.58 and a two-hundred day moving average of $370.79.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $8.70 by ($0.28). The business had revenue of $13.74 billion for the quarter, compared to analysts' expectations of $13.67 billion. Charter Communications had a return on equity of 27.70% and a net margin of 9.42%. The business's revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $7.55 EPS. On average, analysts expect that Charter Communications, Inc. will post 38.16 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.