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

Gabelli Funds LLC cut its stake in shares of Charter Communications, Inc. (NASDAQ:CHTRGet Rating) by 1.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,003 shares of the company’s stock after selling 750 shares during the quarter. Gabelli Funds LLC’s holdings in Charter Communications were worth $36,006,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Massachusetts Financial Services Co. MA lifted its holdings in Charter Communications by 67.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,189,146 shares of the company’s stock valued at $2,285,264,000 after acquiring an additional 1,680,069 shares during the period. Norges Bank acquired a new stake in Charter Communications in the fourth quarter valued at $429,797,000. Renaissance Technologies LLC lifted its holdings in Charter Communications by 462.8% in the first quarter. Renaissance Technologies LLC now owns 541,400 shares of the company’s stock valued at $295,345,000 after acquiring an additional 445,200 shares during the period. Aaron Wealth Advisors LLC lifted its holdings in Charter Communications by 51,943.8% in the first quarter. Aaron Wealth Advisors LLC now owns 407,503 shares of the company’s stock valued at $747,000 after acquiring an additional 406,720 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Charter Communications by 507.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 477,631 shares of the company’s stock valued at $260,557,000 after acquiring an additional 398,954 shares during the period. 66.91% of the stock is owned by institutional investors and hedge funds.

Charter Communications Stock Down 4.8 %

CHTR opened at $386.89 on Wednesday. The company has a debt-to-equity ratio of 6.99, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market capitalization of $62.16 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 0.40 and a beta of 0.91. The business has a 50-day moving average of $447.82 and a two-hundred day moving average of $487.72. Charter Communications, Inc. has a 12 month low of $386.27 and a 12 month high of $801.36.

Charter Communications (NASDAQ:CHTRGet Rating) last posted its quarterly earnings results on Friday, July 29th. The company reported $8.80 EPS for the quarter, beating the consensus estimate of $6.82 by $1.98. The company had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.42 billion. Charter Communications had a return on equity of 31.83% and a net margin of 10.35%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.29 EPS. On average, research analysts expect that Charter Communications, Inc. will post 31.79 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wolfe Research reduced their target price on Charter Communications from $582.00 to $515.00 and set an “underperform” rating for the company in a report on Thursday, June 2nd. Morgan Stanley reduced their target price on Charter Communications from $600.00 to $550.00 and set an “equal weight” rating for the company in a report on Monday, August 1st. Wells Fargo & Company dropped their price target on Charter Communications from $393.00 to $370.00 and set an “underweight” rating for the company in a research report on Monday. Barclays dropped their price target on Charter Communications to $388.00 in a research report on Tuesday, August 9th. Finally, Cowen dropped their price target on Charter Communications to $730.00 in a research report on Tuesday, August 9th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $622.21.

Charter Communications 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.

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

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