Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Strs Ohio

Strs Ohio trimmed its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 3.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 42,798 shares of the company’s stock after selling 1,623 shares during the period. Strs Ohio’s holdings in Charter Communications were worth $16,634,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janiczek Wealth Management LLC lifted its holdings in Charter Communications by 168.0% in the 3rd quarter. Janiczek Wealth Management LLC now owns 67 shares of the company’s stock valued at $29,000 after purchasing an additional 42 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC purchased a new position in Charter Communications in the 3rd quarter valued at about $31,000. Turtle Creek Wealth Advisors LLC purchased a new position in Charter Communications in the 4th quarter valued at about $44,000. Catalyst Capital Advisors LLC lifted its holdings in Charter Communications by 32.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company’s stock valued at $49,000 after purchasing an additional 27 shares in the last quarter. Finally, Harbour Investments Inc. lifted its holdings in Charter Communications by 30.5% in the 2nd quarter. Harbour Investments Inc. now owns 137 shares of the company’s stock valued at $50,000 after purchasing an additional 32 shares in the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Trading Up 0.3 %

NASDAQ CHTR opened at $257.57 on Wednesday. Charter Communications, Inc. has a one year low of $254.31 and a one year high of $458.30. The company’s 50 day moving average price is $285.75 and its 200 day moving average price is $356.67. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market capitalization of $37.41 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 0.44 and a beta of 0.96.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, February 2nd. The company reported $7.07 EPS for the quarter, missing the consensus estimate of $8.76 by ($1.69). Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The business had revenue of $13.71 billion during the quarter, compared to analysts’ expectations of $13.70 billion. During the same quarter in the previous year, the business posted $7.69 EPS. The company’s quarterly revenue was up .3% on a year-over-year basis. On average, sell-side analysts predict that Charter Communications, Inc. will post 32.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Bank of America reduced their target price on shares of Charter Communications from $350.00 to $315.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. Sanford C. Bernstein upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 target price on the stock in a report on Monday, March 18th. Barclays cut their price objective on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a report on Tuesday, April 2nd. Benchmark cut their price objective on shares of Charter Communications from $490.00 to $440.00 and set a “buy” rating on the stock in a report on Monday, February 5th. Finally, Rosenblatt Securities cut their price objective on shares of Charter Communications from $334.00 to $297.00 and set a “neutral” rating on the stock in a report on Monday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $380.80.

Charter Communications 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.