Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Gryphon Financial Partners LLC

Gryphon Financial Partners LLC decreased its position in Charter Communications, Inc. (NASDAQ:CHTR) by 18.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 645 shares of the company’s stock after selling 144 shares during the period. Gryphon Financial Partners LLC’s holdings in Charter Communications were worth $221,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. US Bancorp DE raised its stake in shares of Charter Communications by 0.4% during the third quarter. US Bancorp DE now owns 7,370 shares of the company’s stock valued at $2,388,000 after purchasing an additional 31 shares in the last quarter. Stephens Inc. AR acquired a new stake in Charter Communications in the third quarter worth approximately $204,000. Farther Finance Advisors LLC boosted its stake in Charter Communications by 77.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 370 shares of the company’s stock valued at $120,000 after purchasing an additional 162 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Charter Communications by 6.0% during the 3rd quarter. Van ECK Associates Corp now owns 931 shares of the company’s stock valued at $309,000 after purchasing an additional 53 shares during the period. Finally, National Pension Service raised its stake in shares of Charter Communications by 8.1% in the 3rd quarter. National Pension Service now owns 172,013 shares of the company’s stock worth $55,746,000 after buying an additional 12,915 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CHTR shares. Royal Bank of Canada raised their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price on the stock in a report on Thursday, December 12th. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price for the company in a report on Tuesday, November 26th. Morgan Stanley lifted their target price on shares of Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Finally, Wells Fargo & Company upped their price target on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $384.42.

Charter Communications Stock Performance

NASDAQ CHTR opened at $370.66 on Tuesday. The company’s fifty day moving average is $352.71 and its two-hundred day moving average is $353.84. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market capitalization of $52.71 billion, a price-to-earnings ratio of 10.60, a P/E/G ratio of 0.44 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping the consensus estimate of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same quarter last year, the firm posted $7.07 EPS. Equities research analysts forecast that Charter Communications, Inc. will post 38.16 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.