Stock Yards Bank & Trust Co. Has $220,000 Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Stock Yards Bank & Trust Co. trimmed its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 21.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 565 shares of the company’s stock after selling 155 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Charter Communications were worth $220,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Pzena Investment Management LLC lifted its holdings in shares of Charter Communications by 21.0% in the third quarter. Pzena Investment Management LLC now owns 1,459,148 shares of the company’s stock worth $641,762,000 after acquiring an additional 253,324 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Charter Communications by 15.8% in the third quarter. Morgan Stanley now owns 1,186,738 shares of the company’s stock worth $521,952,000 after acquiring an additional 161,830 shares during the last quarter. Parnassus Investments LLC bought a new position in shares of Charter Communications in the third quarter worth about $508,684,000. Northern Trust Corp lifted its holdings in shares of Charter Communications by 2.2% in the third quarter. Northern Trust Corp now owns 1,048,544 shares of the company’s stock worth $461,171,000 after acquiring an additional 22,494 shares during the last quarter. Finally, Allen Investment Management LLC lifted its holdings in shares of Charter Communications by 25.4% in the third quarter. Allen Investment Management LLC now owns 873,714 shares of the company’s stock worth $384,277,000 after acquiring an additional 177,224 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Charter Communications from $370.00 to $335.00 and set a “neutral” rating for the company in a report on Monday, April 1st. Pivotal Research dropped their price objective on shares of Charter Communications from $500.00 to $450.00 and set a “buy” rating for the company in a report on Monday, February 5th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Charter Communications from $375.00 to $320.00 and set a “hold” rating for the company in a report on Tuesday, April 16th. Sanford C. Bernstein upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price objective for the company in a report on Monday, March 18th. Finally, Wells Fargo & Company dropped their price objective on shares of Charter Communications from $340.00 to $290.00 and set an “equal weight” rating for the company in a report on Friday, April 5th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $380.80.

Charter Communications Stock Performance

Shares of CHTR stock opened at $264.70 on Thursday. The company has a market cap of $38.44 billion, a price-to-earnings ratio of 8.82, a price-to-earnings-growth ratio of 0.47 and a beta of 0.96. Charter Communications, Inc. has a 52 week low of $254.31 and a 52 week high of $458.30. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 6.51. The firm has a 50 day moving average of $282.63 and a 200-day moving average of $350.07.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, February 2nd. The company reported $7.07 EPS for the quarter, missing the consensus estimate of $8.76 by ($1.69). The company had revenue of $13.71 billion for the quarter, compared to analyst estimates of $13.70 billion. Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same period last year, the business earned $7.69 EPS. On average, equities analysts forecast that Charter Communications, Inc. will post 32.38 earnings per share for the current 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.