Crossmark Global Holdings Inc. Lowers Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Crossmark Global Holdings Inc. lowered its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 19.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 3,297 shares of the company’s stock after selling 797 shares during the period. Crossmark Global Holdings Inc.’s holdings in Charter Communications were worth $1,069,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of CHTR. Savant Capital LLC grew its position in Charter Communications by 1.7% during the second quarter. Savant Capital LLC now owns 1,859 shares of the company’s stock valued at $556,000 after buying an additional 31 shares during the period. US Bancorp DE grew its position in shares of Charter Communications by 0.4% during the 3rd quarter. US Bancorp DE now owns 7,370 shares of the company’s stock valued at $2,388,000 after acquiring an additional 31 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in shares of Charter Communications by 3.1% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company’s stock valued at $314,000 after purchasing an additional 32 shares in the last quarter. Grove Bank & Trust raised its holdings in Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after purchasing an additional 34 shares during the period. Finally, CVA Family Office LLC boosted its position in Charter Communications by 31.3% during the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after purchasing an additional 35 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CHTR shares. Royal Bank of Canada boosted their price objective on Charter Communications from $345.00 to $390.00 and gave the company a “sector perform” rating in a research report on Monday, November 4th. Raymond James cut shares of Charter Communications from a “market perform” rating to an “underperform” rating in a research report on Monday, July 29th. Pivotal Research lifted their target price on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Wolfe Research downgraded shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target for the company. in a research report on Monday, September 30th. Finally, Morgan Stanley lifted their price objective on Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Charter Communications has an average rating of “Hold” and a consensus target price of $379.06.

Charter Communications Trading Down 2.9 %

Shares of CHTR opened at $394.25 on Friday. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $421.16. The firm has a market capitalization of $56.06 billion, a P/E ratio of 12.35, a P/E/G ratio of 0.62 and a beta of 1.03. The firm has a 50-day moving average price of $340.07 and a 200 day moving average price of $319.36. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24.

Charter Communications (NASDAQ:CHTR) last posted its quarterly 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 business had revenue of $13.80 billion during the quarter, compared to analysts’ expectations of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $8.25 EPS. Sell-side analysts forecast that Charter Communications, Inc. will post 32.87 EPS 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.