Ethic Inc. Sells 4,563 Shares of Charter Communications, Inc. $CHTR

Ethic Inc. trimmed its position in Charter Communications, Inc. (NASDAQ:CHTR) by 61.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,834 shares of the company’s stock after selling 4,563 shares during the quarter. Ethic Inc.’s holdings in Charter Communications were worth $780,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CHTR. Cooper Financial Group raised its stake in Charter Communications by 2.3% in the second quarter. Cooper Financial Group now owns 1,260 shares of the company’s stock valued at $515,000 after buying an additional 28 shares during the period. Diversified Trust Co raised its stake in Charter Communications by 3.5% in the 2nd quarter. Diversified Trust Co now owns 880 shares of the company’s stock valued at $360,000 after acquiring an additional 30 shares during the period. Perigon Wealth Management LLC lifted its holdings in Charter Communications by 0.8% during the 2nd quarter. Perigon Wealth Management LLC now owns 3,924 shares of the company’s stock valued at $1,604,000 after purchasing an additional 33 shares during the last quarter. V Square Quantitative Management LLC boosted its position in Charter Communications by 1.6% during the second quarter. V Square Quantitative Management LLC now owns 2,347 shares of the company’s stock worth $959,000 after purchasing an additional 37 shares during the period. Finally, Advisory Services Network LLC increased its holdings in shares of Charter Communications by 3.8% in the second quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock valued at $420,000 after purchasing an additional 38 shares during the last quarter. Institutional investors own 81.76% of the company’s stock.

Analyst Ratings Changes

CHTR has been the subject of a number of research reports. KeyCorp restated a “sector weight” rating on shares of Charter Communications in a research note on Monday, November 3rd. Oppenheimer downgraded shares of Charter Communications from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th. Royal Bank Of Canada decreased their target price on Charter Communications from $325.00 to $265.00 and set a “sector perform” rating on the stock in a research report on Monday, November 3rd. UBS Group dropped their price target on Charter Communications from $355.00 to $233.00 and set a “neutral” rating for the company in a report on Monday, December 22nd. Finally, BNP Paribas Exane decreased their price objective on Charter Communications from $255.00 to $200.00 and set an “underperform” rating on the stock in a report on Tuesday, November 4th. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $321.13.

Charter Communications Stock Up 0.3%

NASDAQ CHTR opened at $209.28 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 4.89. The company has a market cap of $27.08 billion, a price-to-earnings ratio of 5.81, a PEG ratio of 0.57 and a beta of 1.06. The company has a 50 day moving average of $210.07 and a 200-day moving average of $271.21. Charter Communications, Inc. has a 1-year low of $193.00 and a 1-year high of $437.06.

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

Insider Activity at Charter Communications

In related news, Director David C. Merritt sold 1,200 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $226.18, for a total value of $271,416.00. Following the completion of the transaction, the director owned 10,146 shares of the company’s stock, valued at $2,294,822.28. The trade was a 10.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.83% of the company’s stock.

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.