Raymond James & Associates Trims Position in Charter Communications Inc (CHTR)

Raymond James & Associates lowered its holdings in Charter Communications Inc (NASDAQ:CHTR) by 35.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,870 shares of the company’s stock after selling 13,163 shares during the quarter. Raymond James & Associates’ holdings in Charter Communications were worth $6,999,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CHTR. Cambridge Investment Research Advisors Inc. boosted its holdings in Charter Communications by 26.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 1,352 shares of the company’s stock worth $421,000 after acquiring an additional 280 shares during the last quarter. IFP Advisors Inc boosted its holdings in Charter Communications by 78.4% during the 1st quarter. IFP Advisors Inc now owns 2,248 shares of the company’s stock worth $700,000 after acquiring an additional 988 shares during the last quarter. Schroder Investment Management Group boosted its holdings in Charter Communications by 2.8% during the 1st quarter. Schroder Investment Management Group now owns 87,926 shares of the company’s stock worth $27,365,000 after acquiring an additional 2,415 shares during the last quarter. Quantbot Technologies LP purchased a new position in Charter Communications during the 1st quarter worth $1,744,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Charter Communications by 11.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 40,224 shares of the company’s stock worth $12,520,000 after acquiring an additional 4,135 shares during the last quarter. 71.07% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on CHTR shares. Pivotal Research lifted their price objective on shares of Charter Communications from $375.00 to $415.00 and gave the stock a “buy” rating in a report on Tuesday, July 31st. Goldman Sachs Group raised shares of Charter Communications from a “neutral” rating to a “buy” rating in a report on Thursday, June 28th. Macquarie reaffirmed a “buy” rating and set a $320.00 price objective on shares of Charter Communications in a report on Monday, June 25th. Buckingham Research lifted their price objective on shares of Charter Communications from $397.00 to $418.00 and gave the stock a “buy” rating in a report on Wednesday, August 1st. Finally, Citigroup cut their price objective on shares of Charter Communications from $410.00 to $375.00 and set a “buy” rating on the stock in a report on Thursday, August 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. Charter Communications currently has a consensus rating of “Buy” and a consensus target price of $363.62.

In other news, EVP Richard R. Dykhouse sold 2,101 shares of Charter Communications stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $296.52, for a total transaction of $622,988.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.83% of the company’s stock.

NASDAQ CHTR opened at $323.37 on Wednesday. The firm has a market cap of $75.83 billion, a PE ratio of 112.77, a price-to-earnings-growth ratio of 1.94 and a beta of 1.24. Charter Communications Inc has a one year low of $250.10 and a one year high of $396.64. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 1.46.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Tuesday, July 31st. The company reported $1.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.20. The company had revenue of $10.85 billion for the quarter, compared to analysts’ expectations of $10.83 billion. Charter Communications had a return on equity of 1.45% and a net margin of 23.59%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.52 EPS. sell-side analysts forecast that Charter Communications Inc will post 4.43 EPS for the current fiscal year.

About Charter Communications

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.

Featured Article: What are the Different Types of Leveraged Buyouts?

Want to see what other hedge funds are holding CHTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Charter Communications Inc (NASDAQ:CHTR).

Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

Receive News & Ratings for Charter Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Communications and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply