King Luther Capital Management Corp Sells 49 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

King Luther Capital Management Corp cut its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 4.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,099 shares of the company’s stock after selling 49 shares during the quarter. King Luther Capital Management Corp’s holdings in Charter Communications were worth $356,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Pzena Investment Management LLC raised its holdings in shares of Charter Communications by 6.1% in the second quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock valued at $903,932,000 after purchasing an additional 175,130 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Charter Communications by 10.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 712,550 shares of the company’s stock worth $212,998,000 after buying an additional 69,959 shares in the last quarter. First Pacific Advisors LP boosted its stake in shares of Charter Communications by 2.0% during the 2nd quarter. First Pacific Advisors LP now owns 612,604 shares of the company’s stock worth $183,144,000 after buying an additional 12,218 shares during the last quarter. Cryder Capital Partners LLP grew its holdings in shares of Charter Communications by 8.0% in the 3rd quarter. Cryder Capital Partners LLP now owns 533,036 shares of the company’s stock valued at $172,746,000 after acquiring an additional 39,334 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its position in shares of Charter Communications by 172,425.2% in the second quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company’s stock valued at $104,188,000 after acquiring an additional 348,299 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Up 1.2 %

Shares of NASDAQ CHTR opened at $388.27 on Friday. The stock has a market capitalization of $55.21 billion, a P/E ratio of 12.16, a PEG ratio of 0.61 and a beta of 1.03. The stock’s fifty day moving average is $348.11 and its 200 day moving average is $325.46. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. The company had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $8.25 EPS. Sell-side analysts forecast that Charter Communications, Inc. will post 32.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CHTR shares. Wells Fargo & Company upped their price objective on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Raymond James downgraded shares of Charter Communications from a “market perform” rating to an “underperform” rating in a research report on Monday, July 29th. Bank of America raised Charter Communications from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $385.00 to $450.00 in a research report on Monday, November 4th. Pivotal Research lifted their target price on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, Wolfe Research cut Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target on the stock. in a research note on Monday, September 30th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $379.06.

About Charter Communications

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.