Gryphon Financial Partners LLC Decreases Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Gryphon Financial Partners LLC lowered its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 18.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 645 shares of the company’s stock after selling 144 shares during the quarter. Gryphon Financial Partners LLC’s holdings in Charter Communications were worth $221,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CHTR. Lind Value II ApS acquired a new position in Charter Communications in the fourth quarter valued at approximately $9,743,000. Oddo BHF Asset Management Sas acquired a new stake in shares of Charter Communications during the third quarter worth about $1,345,000. Worldquant Millennium Advisors LLC lifted its holdings in shares of Charter Communications by 193.8% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company’s stock valued at $12,993,000 after purchasing an additional 26,446 shares during the last quarter. Caprock Group LLC boosted its position in shares of Charter Communications by 39.7% in the 4th quarter. Caprock Group LLC now owns 3,517 shares of the company’s stock valued at $1,206,000 after purchasing an additional 999 shares during the period. Finally, Franklin Resources Inc. grew its stake in Charter Communications by 4.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after buying an additional 148,003 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CHTR. Bank of America upgraded shares of Charter Communications from a “neutral” rating to a “buy” rating and increased their price target for the stock from $385.00 to $450.00 in a research note on Monday, November 4th. Royal Bank of Canada lifted their target price on shares of Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a research report on Thursday, December 12th. Morgan Stanley raised their price target on Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Finally, BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price target for the company in a research report on Tuesday, November 26th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $384.42.

Charter Communications Stock Performance

Shares of CHTR opened at $370.66 on Tuesday. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The firm has a market cap of $52.71 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 0.44 and a beta of 1.11. The business’s 50 day moving average is $352.71 and its two-hundred day moving average is $353.84.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, topping the consensus estimate of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same quarter in the previous year, the business earned $7.07 EPS. Analysts forecast that Charter Communications, Inc. will post 38.16 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.