Charter Communications Inc (NASDAQ:CHTR) Shares Sold by Diversified Trust Co

Diversified Trust Co cut its holdings in shares of Charter Communications Inc (NASDAQ:CHTR) by 20.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 900 shares of the company’s stock after selling 232 shares during the period. Diversified Trust Co’s holdings in Charter Communications were worth $459,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new position in shares of Charter Communications during the 4th quarter worth approximately $25,000. Sunbelt Securities Inc. acquired a new position in shares of Charter Communications during the 4th quarter worth approximately $6,683,000. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Charter Communications by 82.1% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 71 shares of the company’s stock worth $31,000 after purchasing an additional 32 shares during the last quarter. BDO Wealth Advisors LLC acquired a new position in shares of Charter Communications during the 1st quarter worth approximately $32,000. Finally, Procyon Private Wealth Partners LLC acquired a new position in shares of Charter Communications during the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 62.85% of the company’s stock.

In other news, CFO Christopher L. Winfrey sold 9,239 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $508.51, for a total value of $4,698,123.89. Following the sale, the chief financial officer now directly owns 149,917 shares in the company, valued at $76,234,293.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Richard R. Dykhouse sold 5,941 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $510.16, for a total transaction of $3,030,860.56. Following the completion of the sale, the executive vice president now owns 19,967 shares in the company, valued at $10,186,364.72. The disclosure for this sale can be found here. Insiders sold 46,538 shares of company stock worth $23,828,889 over the last quarter. Company insiders own 1.18% of the company’s stock.

CHTR has been the topic of several recent research reports. Cfra upgraded Charter Communications from a “buy” rating to a “strong-buy” rating and lowered their target price for the stock from $575.00 to $525.00 in a report on Thursday, March 26th. Rosenblatt Securities reaffirmed a “buy” rating and set a $620.00 price target (up previously from $600.00) on shares of Charter Communications in a research report on Sunday, May 3rd. KeyCorp lifted their price target on shares of Charter Communications from $576.00 to $604.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Deutsche Bank reduced their price target on shares of Charter Communications from $625.00 to $600.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Finally, Oppenheimer started coverage on shares of Charter Communications in a research report on Sunday, May 3rd. They set a “hold” rating on the stock. Ten research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Charter Communications has a consensus rating of “Buy” and a consensus price target of $543.13.

Shares of Charter Communications stock opened at $528.31 on Thursday. Charter Communications Inc has a 12-month low of $345.67 and a 12-month high of $549.00. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 2.04. The stock has a market cap of $123.66 billion, a PE ratio of 63.88, a price-to-earnings-growth ratio of 1.22 and a beta of 1.03. The company has a 50-day moving average of $524.52 and a two-hundred day moving average of $498.18.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, May 1st. The company reported $1.86 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.85). The business had revenue of $11.74 billion during the quarter, compared to analyst estimates of $11.78 billion. Charter Communications had a net margin of 3.91% and a return on equity of 4.66%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.11 earnings per share. On average, sell-side analysts forecast that Charter Communications Inc will post 11.35 EPS for the current fiscal year.

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.

Read More: Initial Coin Offering (ICO)

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

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