Victory Capital Management Inc. Sells 1,222 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Victory Capital Management Inc. decreased its position in Charter Communications, Inc. (NASDAQ:CHTR – Get Rating) by 1.2% during the 1st quarter, Holdings Channel reports. The firm owned 103,498 shares of the company’s stock after selling 1,222 shares during the period. Victory Capital Management Inc.’s holdings in Charter Communications were worth $44,348,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Blume Capital Management Inc. bought a new stake in Charter Communications in the fourth quarter valued at $26,000. Masso Torrence Wealth Management Inc. bought a new stake in Charter Communications in the fourth quarter valued at $26,000. Bivin & Associates Inc. bought a new stake in Charter Communications in the fourth quarter valued at $26,000. DeDora Capital Inc. bought a new stake in Charter Communications in the first quarter valued at $49,000. Finally, Missouri Trust & Investment Co bought a new stake in Charter Communications in the fourth quarter valued at $52,000. Institutional investors own 83.63% of the company’s stock.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $426.56 on Tuesday. Charter Communications, Inc. has a fifty-two week low of $407.75 and a fifty-two week high of $825.62. The business has a 50-day simple moving average of $470.56 and a two-hundred day simple moving average of $521.89. The company has a debt-to-equity ratio of 6.99, a quick ratio of 0.40 and a current ratio of 0.33. The firm has a market cap of $71.60 billion, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 0.46 and a beta of 0.91.

Charter Communications (NASDAQ:CHTR – Get Rating) last issued its earnings results on Friday, July 29th. The company reported $8.80 earnings per share for the quarter, topping analysts’ consensus estimates of $6.82 by $1.98. Charter Communications had a return on equity of 31.83% and a net margin of 10.35%. The business had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.42 billion. During the same quarter in the previous year, the firm earned $5.29 EPS. Charter Communications’s revenue was up 6.2% on a year-over-year basis. On average, analysts expect that Charter Communications, Inc. will post 30.06 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Credit Suisse Group cut their price target on shares of Charter Communications from $850.00 to $780.00 in a report on Monday, May 2nd. Truist Financial lowered their price objective on Charter Communications from $600.00 to $450.00 in a research report on Monday, May 2nd. KeyCorp lowered their price objective on Charter Communications from $792.00 to $563.00 in a research report on Monday, May 2nd. TheStreet lowered Charter Communications from a “b-” rating to a “c+” rating in a research report on Monday, May 16th. Finally, StockNews.com raised Charter Communications from a “hold” rating to a “buy” rating in a research report on Monday. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $655.68.

Charter Communications Company Profile

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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 video services, including video on demand, high-definition television, digital video recorder, pay-per-view services.