Charter Communications, Inc. $CHTR Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC trimmed its position in Charter Communications, Inc. (NASDAQ:CHTR) by 12.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 123,983 shares of the company’s stock after selling 17,751 shares during the quarter. Douglas Lane & Associates LLC owned approximately 0.09% of Charter Communications worth $34,108,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. American Century Companies Inc. raised its stake in Charter Communications by 3.8% in the first quarter. American Century Companies Inc. now owns 14,449 shares of the company’s stock valued at $5,325,000 after buying an additional 530 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of Charter Communications by 18.1% during the 1st quarter. Raymond James Financial Inc. now owns 51,231 shares of the company’s stock worth $18,880,000 after acquiring an additional 7,850 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Charter Communications by 261.5% during the 1st quarter. Wellington Management Group LLP now owns 37,247 shares of the company’s stock worth $13,727,000 after acquiring an additional 26,944 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Charter Communications by 1.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,283,315 shares of the company’s stock worth $472,941,000 after purchasing an additional 19,594 shares during the last quarter. Finally, CW Advisors LLC boosted its holdings in Charter Communications by 19.3% in the first quarter. CW Advisors LLC now owns 735 shares of the company’s stock valued at $271,000 after purchasing an additional 119 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on CHTR shares. Sanford C. Bernstein reissued a “market perform” rating and set a $280.00 price objective (down previously from $350.00) on shares of Charter Communications in a report on Monday, November 3rd. The Goldman Sachs Group dropped their target price on shares of Charter Communications from $215.00 to $210.00 and set a “sell” rating on the stock in a research report on Thursday. BNP Paribas Exane cut their price target on shares of Charter Communications from $255.00 to $200.00 and set an “underperform” rating on the stock in a research note on Tuesday, November 4th. Royal Bank Of Canada decreased their price objective on shares of Charter Communications from $325.00 to $265.00 and set a “sector perform” rating for the company in a research note on Monday, November 3rd. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Charter Communications in a report on Monday, November 3rd. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $328.75.

Charter Communications Price Performance

Shares of CHTR opened at $205.01 on Friday. The company has a debt-to-equity ratio of 4.89, a quick ratio of 0.37 and a current ratio of 0.37. Charter Communications, Inc. has a fifty-two week low of $193.00 and a fifty-two week high of $437.06. The firm has a 50-day simple moving average of $219.17 and a 200-day simple moving average of $284.02. The company has a market capitalization of $26.53 billion, a price-to-earnings ratio of 5.69, a price-to-earnings-growth ratio of 0.65 and a beta of 1.06.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, October 31st. The company reported $8.34 EPS for the quarter, missing the consensus estimate of $9.66 by ($1.32). Charter Communications had a net margin of 9.29% and a return on equity of 25.55%. The company had revenue of $13.67 billion for the quarter, compared to analysts’ expectations of $13.76 billion. During the same period in the prior year, the company earned $8.82 earnings per share. The firm’s revenue was down .7% on a year-over-year basis. On average, equities research analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Insider Buying and Selling at Charter Communications

In related news, Director David C. Merritt sold 1,200 shares of Charter Communications stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $226.18, for a total value of $271,416.00. Following the transaction, the director directly owned 10,146 shares in the company, valued at $2,294,822.28. This trade represents a 10.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.83% of the stock is currently owned by corporate insiders.

Charter Communications Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.