Bessemer Group Inc. Cuts Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Bessemer Group Inc. trimmed its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 63.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,273 shares of the company's stock after selling 5,672 shares during the period. Bessemer Group Inc.'s holdings in Charter Communications were worth $1,206,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. ST Germain D J Co. Inc. raised its stake in shares of Charter Communications by 1,283.3% during the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock worth $31,000 after buying an additional 77 shares in the last quarter. Generali Asset Management SPA SGR purchased a new position in Charter Communications in the 4th quarter valued at approximately $36,000. Brown Brothers Harriman & Co. increased its stake in Charter Communications by 37.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock valued at $36,000 after purchasing an additional 29 shares in the last quarter. NBC Securities Inc. purchased a new position in Charter Communications in the 1st quarter valued at approximately $47,000. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Charter Communications by 29.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the company's stock valued at $97,000 after purchasing an additional 60 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on CHTR. UBS Group raised their price objective on Charter Communications from $400.00 to $425.00 and gave the company a "neutral" rating in a research note on Wednesday, June 18th. Wolfe Research raised Charter Communications from an "underperform" rating to a "peer perform" rating in a research note on Friday, June 20th. Royal Bank Of Canada raised their price objective on Charter Communications from $385.00 to $395.00 and gave the company a "sector perform" rating in a research note on Monday, April 28th. Loop Capital raised Charter Communications from a "hold" rating to a "buy" rating and raised their price objective for the company from $430.00 to $510.00 in a research note on Monday, May 19th. Finally, Raymond James Financial raised Charter Communications from an "underperform" rating to a "market perform" rating in a research note on Monday, May 19th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Charter Communications has an average rating of "Hold" and a consensus price target of $410.20.

Charter Communications Price Performance

CHTR stock opened at $400.97 on Monday. Charter Communications, Inc. has a 52-week low of $286.66 and a 52-week high of $437.06. The stock's fifty day simple moving average is $392.41 and its 200-day simple moving average is $367.90. 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 $56.28 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 0.44 and a beta of 1.08.

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

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.

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