Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC reduced its stake in shares of Charter Communications, Inc. (NASDAQ:CHTRFree Report) by 5.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,803 shares of the company’s stock after selling 3,500 shares during the period. Gabelli Funds LLC’s holdings in Charter Communications were worth $28,941,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CHTR. Janiczek Wealth Management LLC lifted its position in Charter Communications by 168.0% during the third quarter. Janiczek Wealth Management LLC now owns 67 shares of the company’s stock valued at $29,000 after buying an additional 42 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of Charter Communications during the third quarter worth about $31,000. West Branch Capital LLC purchased a new stake in shares of Charter Communications during the 2nd quarter valued at about $36,000. Capital Advisors Ltd. LLC lifted its position in shares of Charter Communications by 307.4% during the second quarter. Capital Advisors Ltd. LLC now owns 110 shares of the company’s stock worth $40,000 after purchasing an additional 83 shares in the last quarter. Finally, NBC Securities Inc. purchased a new position in Charter Communications in the 3rd quarter valued at about $56,000. 93.84% of the stock is owned by institutional investors and hedge funds.

Charter Communications Stock Up 0.1 %

NASDAQ:CHTR opened at $304.00 on Tuesday. Charter Communications, Inc. has a 1-year low of $303.31 and a 1-year high of $458.30. The firm has a market capitalization of $44.97 billion, a price-to-earnings ratio of 10.11, a PEG ratio of 0.46 and a beta of 1.03. The company has a current ratio of 0.31, a quick ratio of 0.33 and a debt-to-equity ratio of 6.51. The business’s fifty day moving average price is $376.06 and its 200 day moving average price is $406.81.

Charter Communications (NASDAQ:CHTRGet Free Report) last announced its quarterly earnings data on Friday, February 2nd. The company reported $7.07 EPS for the quarter, missing analysts’ consensus estimates of $8.76 by ($1.69). Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The company had revenue of $13.71 billion for the quarter, compared to analysts’ expectations of $13.70 billion. During the same period in the previous year, the firm posted $7.69 earnings per share. The business’s revenue for the quarter was up .3% on a year-over-year basis. On average, sell-side analysts forecast that Charter Communications, Inc. will post 35.61 earnings per share for the current fiscal year.

Insider Activity at Charter Communications

In other Charter Communications news, Chairman Thomas Rutledge sold 87,903 shares of Charter Communications stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $414.37, for a total value of $36,424,366.11. Following the completion of the sale, the chairman now directly owns 132,798 shares in the company, valued at $55,027,507.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Benchmark lowered their price objective on Charter Communications from $490.00 to $440.00 and set a “buy” rating for the company in a research note on Monday. JPMorgan Chase & Co. downgraded shares of Charter Communications from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $445.00 to $370.00 in a research report on Monday. Morgan Stanley reduced their price target on shares of Charter Communications from $500.00 to $475.00 and set an “equal weight” rating on the stock in a research report on Monday, October 30th. Pivotal Research lowered their price objective on Charter Communications from $500.00 to $450.00 and set a “buy” rating for the company in a report on Monday. Finally, UBS Group reduced their price objective on Charter Communications from $415.00 to $360.00 and set a “neutral” rating on the stock in a research note on Monday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $425.50.

Get Our Latest Analysis on Charter Communications

About Charter Communications

(Free Report)

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; security suite that protects computers from viruses and spyware, and threats from malicious actors; 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.

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

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