Asset Dedication LLC Reduces Stake in Charter Communications Inc (CHTR)

Asset Dedication LLC cut its position in Charter Communications Inc (NASDAQ:CHTR) by 22.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 667 shares of the company’s stock after selling 192 shares during the quarter. Asset Dedication LLC’s holdings in Charter Communications were worth $220,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of CHTR. Veritas Asset Management LLP grew its stake in shares of Charter Communications by 65.3% in the second quarter. Veritas Asset Management LLP now owns 4,434,781 shares of the company’s stock valued at $1,300,322,000 after buying an additional 1,752,400 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in shares of Charter Communications in the second quarter valued at $321,000. Putnam Investments LLC grew its stake in Charter Communications by 23.7% during the 2nd quarter. Putnam Investments LLC now owns 1,241,872 shares of the company’s stock worth $364,129,000 after purchasing an additional 237,673 shares in the last quarter. Triple Frond Partners LLC grew its stake in Charter Communications by 33.7% during the 2nd quarter. Triple Frond Partners LLC now owns 620,029 shares of the company’s stock worth $181,799,000 after purchasing an additional 156,244 shares in the last quarter. Finally, Vantage Investment Partners LLC acquired a new position in Charter Communications during the 2nd quarter worth $39,436,000. 71.14% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently commented on CHTR shares. ValuEngine raised Charter Communications from a “sell” rating to a “hold” rating in a research note on Tuesday, July 10th. Zacks Investment Research cut Charter Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. Credit Suisse Group started coverage on Charter Communications in a research note on Tuesday, July 10th. They set a “neutral” rating and a $294.00 target price for the company. BidaskClub cut Charter Communications from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 21st. Finally, Pivotal Research boosted their target price on Charter Communications from $375.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday, July 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $363.71.



CHTR opened at $295.01 on Friday. The firm has a market cap of $74.11 billion, a P/E ratio of 111.32, a P/E/G ratio of 1.93 and a beta of 1.20. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 1.46. Charter Communications Inc has a 12 month low of $250.10 and a 12 month high of $396.64.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Tuesday, July 31st. The company reported $1.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.20. The company had revenue of $10.85 billion during the quarter, compared to the consensus estimate of $10.83 billion. Charter Communications had a return on equity of 1.45% and a net margin of 23.59%. Charter Communications’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 EPS. As a group, research analysts forecast that Charter Communications Inc will post 4.36 EPS for the current fiscal year.

In other Charter Communications news, EVP Richard R. Dykhouse sold 2,101 shares of Charter Communications stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $296.52, for a total transaction of $622,988.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.83% of the stock is owned by insiders.

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.

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

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