Toronto Dominion Bank Decreases Position in Charter Communications, Inc. (NASDAQ:CHTR)

Toronto Dominion Bank cut its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 13.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,381 shares of the company’s stock after selling 5,979 shares during the quarter. Toronto Dominion Bank’s holdings in Charter Communications were worth $10,864,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Capital International Investors increased its holdings in shares of Charter Communications by 53.6% during the 1st quarter. Capital International Investors now owns 10,558,651 shares of the company’s stock worth $3,068,661,000 after buying an additional 3,685,451 shares during the last quarter. Pzena Investment Management LLC increased its holdings in Charter Communications by 96.5% in the 1st quarter. Pzena Investment Management LLC now owns 2,848,459 shares of the company’s stock valued at $827,848,000 after purchasing an additional 1,399,034 shares during the last quarter. Norges Bank acquired a new stake in Charter Communications in the 4th quarter valued at approximately $310,727,000. Parnassus Investments LLC increased its holdings in Charter Communications by 40.1% in the 4th quarter. Parnassus Investments LLC now owns 1,620,542 shares of the company’s stock valued at $629,872,000 after purchasing an additional 463,968 shares during the last quarter. Finally, Putnam Investments LLC increased its holdings in Charter Communications by 24.5% in the 4th quarter. Putnam Investments LLC now owns 1,233,243 shares of the company’s stock valued at $479,337,000 after purchasing an additional 242,448 shares during the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CHTR. Wells Fargo & Company dropped their target price on shares of Charter Communications from $290.00 to $260.00 and set an “equal weight” rating for the company in a report on Monday, April 29th. Morgan Stanley raised their price target on shares of Charter Communications from $300.00 to $330.00 and gave the company an “equal weight” rating in a research report on Friday, July 19th. Rosenblatt Securities decreased their price target on shares of Charter Communications from $297.00 to $292.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. Pivotal Research decreased their price objective on shares of Charter Communications from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Finally, Citigroup cut shares of Charter Communications from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $280.00 to $255.00 in a research report on Wednesday, July 3rd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Charter Communications currently has an average rating of “Hold” and an average price target of $331.80.

Charter Communications Stock Performance

NASDAQ CHTR traded up $52.39 during trading on Friday, reaching $367.62. The company’s stock had a trading volume of 4,962,396 shares, compared to its average volume of 1,473,366. The company has a debt-to-equity ratio of 6.28, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market cap of $52.95 billion, a price-to-earnings ratio of 11.89, a P/E/G ratio of 1.40 and a beta of 1.04. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $458.30. The business’s fifty day moving average price is $292.90 and its 200-day moving average price is $296.15.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, July 26th. The company reported $8.49 EPS for the quarter, topping analysts’ consensus estimates of $7.98 by $0.51. The firm had revenue of $13.69 billion for the quarter, compared to the consensus estimate of $13.59 billion. Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The firm’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $8.05 earnings per share. As a group, analysts anticipate that Charter Communications, Inc. will post 30.5 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.