Grove Bank & Trust Has $39,000 Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Grove Bank & Trust grew its position in Charter Communications, Inc. (NASDAQ:CHTR) by 39.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 121 shares of the company’s stock after purchasing an additional 34 shares during the quarter. Grove Bank & Trust’s holdings in Charter Communications were worth $39,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Bessemer Group Inc. raised its holdings in Charter Communications by 50.8% in the 1st quarter. Bessemer Group Inc. now owns 9,147 shares of the company’s stock worth $2,658,000 after acquiring an additional 3,080 shares during the period. AustralianSuper Pty Ltd acquired a new stake in shares of Charter Communications in the second quarter valued at about $7,171,000. FORA Capital LLC increased its stake in shares of Charter Communications by 45.8% in the first quarter. FORA Capital LLC now owns 20,743 shares of the company’s stock worth $6,029,000 after purchasing an additional 6,519 shares during the period. Norden Group LLC acquired a new position in shares of Charter Communications during the 1st quarter worth about $828,000. Finally, Cetera Investment Advisers grew its holdings in Charter Communications by 432.3% in the 1st quarter. Cetera Investment Advisers now owns 7,399 shares of the company’s stock valued at $2,150,000 after buying an additional 6,009 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. TD Cowen upped their price target on Charter Communications from $488.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, July 29th. JPMorgan Chase & Co. lifted their target price on Charter Communications from $300.00 to $385.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Wolfe Research lowered Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target on the stock. in a research note on Monday, September 30th. Citigroup upgraded Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price objective for the company in a research report on Wednesday, September 11th. Finally, Pivotal Research boosted their price objective on Charter Communications from $400.00 to $435.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $356.41.

Charter Communications Stock Up 0.0 %

NASDAQ CHTR opened at $331.94 on Wednesday. The stock’s 50 day simple moving average is $338.50 and its 200 day simple moving average is $306.54. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $458.30. The firm has a market cap of $47.81 billion, a PE ratio of 10.74, a price-to-earnings-growth ratio of 0.62 and a beta of 1.05. The company has a debt-to-equity ratio of 5.84, a current ratio of 0.39 and a quick ratio of 0.39.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, July 26th. The company reported $8.49 EPS for the quarter, topping the consensus estimate of $7.98 by $0.51. The company had revenue of $13.69 billion for the quarter, compared to analysts’ expectations of $13.59 billion. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $8.05 earnings per share. As a group, sell-side analysts forecast that Charter Communications, Inc. will post 32.42 earnings per share for the current fiscal year.

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.