Arnhold LLC lowered its holdings in shares of Charter Communications Inc (NASDAQ:CHTR) by 11.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,110 shares of the company’s stock after selling 286 shares during the quarter. Arnhold LLC’s holdings in Charter Communications were worth $601,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cornerstone Advisors Inc. raised its position in Charter Communications by 55.7% in the 3rd quarter. Cornerstone Advisors Inc. now owns 123 shares of the company’s stock valued at $40,000 after buying an additional 44 shares during the last quarter. Parkside Financial Bank & Trust raised its position in Charter Communications by 47.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 142 shares of the company’s stock valued at $41,000 after buying an additional 46 shares during the last quarter. ETF Managers Group LLC raised its position in Charter Communications by 15.7% in the 4th quarter. ETF Managers Group LLC now owns 419 shares of the company’s stock valued at $119,000 after buying an additional 57 shares during the last quarter. Parallel Advisors LLC raised its position in Charter Communications by 17.3% in the 4th quarter. Parallel Advisors LLC now owns 386 shares of the company’s stock valued at $109,000 after buying an additional 57 shares during the last quarter. Finally, Wetherby Asset Management Inc. raised its position in Charter Communications by 1.9% in the 4th quarter. Wetherby Asset Management Inc. now owns 3,283 shares of the company’s stock valued at $936,000 after buying an additional 62 shares during the last quarter. 72.48% of the stock is currently owned by institutional investors.
CHTR stock opened at $350.08 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 1.57. The company has a market capitalization of $78.82 billion, a price-to-earnings ratio of 67.07, a P/E/G ratio of 1.29 and a beta of 1.32. Charter Communications Inc has a twelve month low of $250.10 and a twelve month high of $369.51.
In other news, Director John D. Markley, Jr. sold 1,000 shares of Charter Communications stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $350.09, for a total transaction of $350,090.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John Bickham sold 14,017 shares of Charter Communications stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $340.86, for a total value of $4,777,834.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,214 shares of company stock valued at $18,840,621. Corporate insiders own 0.83% of the company’s stock.
A number of equities research analysts recently issued reports on the company. Credit Suisse Group reissued a “neutral” rating and issued a $345.00 target price (up previously from $294.00) on shares of Charter Communications in a research report on Friday, February 1st. SunTrust Banks dropped their target price on Charter Communications from $390.00 to $365.00 and set a “buy” rating on the stock in a research report on Monday, October 29th. BidaskClub lowered Charter Communications from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 27th. Royal Bank of Canada set a $400.00 target price on Charter Communications and gave the company a “buy” rating in a research report on Saturday, February 2nd. Finally, Citigroup dropped their target price on Charter Communications from $375.00 to $370.00 and set a “buy” rating on the stock in a research report on Thursday, November 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $356.28.
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Charter Communications Company Profile
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, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.
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