First Hawaiian Bank Purchases 146 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

First Hawaiian Bank grew its position in Charter Communications, Inc. (NASDAQ:CHTR) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,651 shares of the company’s stock after acquiring an additional 146 shares during the quarter. First Hawaiian Bank’s holdings in Charter Communications were worth $4,336,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. lifted its position in Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after purchasing an additional 148,003 shares during the period. Geode Capital Management LLC boosted its position in shares of Charter Communications by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company’s stock valued at $785,744,000 after acquiring an additional 13,430 shares in the last quarter. FMR LLC increased its stake in Charter Communications by 27.7% in the third quarter. FMR LLC now owns 1,064,948 shares of the company’s stock valued at $345,128,000 after acquiring an additional 230,817 shares during the period. Charles Schwab Investment Management Inc. raised its position in Charter Communications by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company’s stock worth $267,267,000 after purchasing an additional 7,008 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Charter Communications by 10.9% during the second quarter. Dimensional Fund Advisors LP now owns 712,550 shares of the company’s stock worth $212,998,000 after purchasing an additional 69,959 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CHTR. KeyCorp raised Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price for the company in a report on Thursday, December 12th. Barclays lifted their target price on shares of Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a research note on Monday, November 4th. Morgan Stanley increased their price target on Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Wells Fargo & Company lifted their price target on shares of Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Finally, Citigroup upgraded shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price objective on the stock in a report on Wednesday, September 11th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Charter Communications presently has an average rating of “Hold” and a consensus price target of $384.42.

Charter Communications Stock Up 0.5 %

Shares of NASDAQ CHTR traded up $1.69 during mid-day trading on Wednesday, reaching $349.32. 802,310 shares of the company’s stock were exchanged, compared to its average volume of 1,043,665. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24. The firm has a market capitalization of $49.67 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 0.60 and a beta of 1.10. The business has a fifty day simple moving average of $374.62 and a 200 day simple moving average of $346.93.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The business had revenue of $13.80 billion during the quarter, compared to analysts’ expectations of $13.66 billion. During the same period in the prior year, the business earned $8.25 EPS. Charter Communications’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, equities analysts expect that Charter Communications, Inc. will post 32.87 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.