Cigna Investments Inc. New Sells 125 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Cigna Investments Inc. New lessened its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 11.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 950 shares of the company’s stock after selling 125 shares during the quarter. Cigna Investments Inc. New’s holdings in Charter Communications were worth $284,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Wetzel Investment Advisors Inc. purchased a new position in Charter Communications in the 4th quarter worth approximately $25,000. CVA Family Office LLC grew its position in 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 in the last quarter. New Covenant Trust Company N.A. purchased a new stake in Charter Communications during the first quarter valued at about $34,000. Riverview Trust Co bought a new stake in Charter Communications during the first quarter worth about $40,000. Finally, Cullen Frost Bankers Inc. boosted its holdings in shares of Charter Communications by 769.2% in the 4th quarter. Cullen Frost Bankers Inc. now owns 113 shares of the company’s stock worth $44,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analysts Set New Price Targets

CHTR has been the subject of a number of recent research reports. Bank of America boosted their target price on Charter Communications from $360.00 to $385.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. TD Cowen raised their price objective on Charter Communications from $488.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Barclays boosted their target price on Charter Communications from $250.00 to $300.00 and gave the company an “underweight” rating in a research note on Monday, July 29th. Wolfe Research lowered Charter Communications from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 31st. Finally, Morgan Stanley increased their price target on shares of Charter Communications from $330.00 to $360.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Charter Communications currently has an average rating of “Hold” and an average target price of $360.93.

Charter Communications Stock Performance

Shares of NASDAQ:CHTR traded up $0.79 during mid-day trading on Thursday, reaching $352.01. 651,533 shares of the company traded hands, compared to its average volume of 1,444,432. The company’s 50 day moving average price is $316.27 and its 200-day moving average price is $295.32. The firm has a market cap of $50.70 billion, a PE ratio of 11.38, a PEG ratio of 0.70 and a beta of 1.04. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $458.30. The company has a debt-to-equity ratio of 5.84, a current ratio of 0.39 and a quick ratio of 0.40.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, July 26th. The company reported $8.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.98 by $0.51. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The firm had revenue of $13.69 billion during the quarter, compared to analysts’ expectations of $13.59 billion. During the same period in the prior year, the company posted $8.05 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities analysts expect that Charter Communications, Inc. will post 32.52 EPS for the current fiscal 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.