AMG National Trust Bank Invests $1.11 Million in Charter Communications, Inc. (NASDAQ:CHTR)

AMG National Trust Bank purchased a new stake in Charter Communications, Inc. (NASDAQ:CHTR) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,429 shares of the company’s stock, valued at approximately $1,111,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Reston Wealth Management LLC acquired a new stake in shares of Charter Communications during the 3rd quarter worth approximately $26,000. Ashton Thomas Securities LLC bought a new position in Charter Communications during the 3rd quarter worth $28,000. CVA Family Office LLC lifted its stake in shares of Charter Communications by 5,500.0% in the second quarter. CVA Family Office LLC now owns 112 shares of the company’s stock worth $33,000 after acquiring an additional 110 shares during the period. New Covenant Trust Company N.A. acquired a new position in shares of Charter Communications in the 1st quarter worth approximately $34,000. Finally, Grove Bank & Trust lifted its holdings in Charter Communications by 39.1% in the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after buying an additional 34 shares during the period. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Price Performance

CHTR opened at $384.84 on Wednesday. The stock has a market capitalization of $54.72 billion, a P/E ratio of 12.05, a PEG ratio of 0.62 and a beta of 1.03. 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, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. The stock has a 50-day moving average price of $345.02 and a 200-day moving average price of $323.38.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. The company had revenue of $13.80 billion for 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 firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $8.25 EPS. Equities analysts predict that Charter Communications, Inc. will post 32.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CHTR has been the topic of a number of research analyst reports. Barclays increased their price target on Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a report on Monday, November 4th. Bank of America raised Charter Communications from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $385.00 to $450.00 in a research note on Monday, November 4th. JPMorgan Chase & Co. boosted their target price on Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Citigroup upgraded shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 target price on the stock in a research note on Wednesday, September 11th. Finally, TD Cowen raised their price objective on shares of Charter Communications from $488.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $379.06.

Charter Communications Company 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.