D.A. Davidson & CO. Sells 2,705 Shares of Charter Communications, Inc. $CHTR

D.A. Davidson & CO. decreased its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 31.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,864 shares of the company’s stock after selling 2,705 shares during the period. D.A. Davidson & CO.’s holdings in Charter Communications were worth $1,613,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of CHTR. AQR Capital Management LLC raised its position in shares of Charter Communications by 129.1% in the first quarter. AQR Capital Management LLC now owns 11,875 shares of the company’s stock valued at $4,356,000 after purchasing an additional 6,691 shares during the period. Integrated Wealth Concepts LLC raised its holdings in Charter Communications by 16.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 913 shares of the company’s stock valued at $336,000 after acquiring an additional 128 shares during the period. Jones Financial Companies Lllp raised its holdings in Charter Communications by 48.1% during the 1st quarter. Jones Financial Companies Lllp now owns 1,339 shares of the company’s stock valued at $493,000 after acquiring an additional 435 shares during the period. SCS Capital Management LLC purchased a new stake in shares of Charter Communications during the first quarter worth $251,000. Finally, Focus Partners Wealth boosted its holdings in shares of Charter Communications by 118.3% in the first quarter. Focus Partners Wealth now owns 4,640 shares of the company’s stock worth $1,710,000 after acquiring an additional 2,514 shares during the period. 81.76% of the stock is owned by institutional investors.

Charter Communications Trading Up 0.4%

Shares of CHTR stock opened at $210.59 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 4.89. The business has a 50-day moving average price of $207.00 and a two-hundred day moving average price of $264.98. Charter Communications, Inc. has a 12-month low of $193.00 and a 12-month high of $437.06. The firm has a market cap of $27.25 billion, a P/E ratio of 5.84, a price-to-earnings-growth ratio of 0.57 and a beta of 1.06.

Charter Communications (NASDAQ:CHTR) last announced 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). The firm had revenue of $13.67 billion for the quarter, compared to the consensus estimate of $13.76 billion. Charter Communications had a net margin of 9.29% and a return on equity of 25.55%. Charter Communications’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the company posted $8.82 earnings per share. Equities analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Insider Activity

In other news, Director David C. Merritt sold 1,200 shares of the company’s 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 completion of the sale, the director owned 10,146 shares of the company’s stock, valued at approximately $2,294,822.28. This represents a 10.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.83% of the company’s stock.

Wall Street Analysts Forecast Growth

CHTR has been the topic of a number of recent analyst reports. Citigroup lowered their price target on shares of Charter Communications from $325.00 to $310.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Sanford C. Bernstein reiterated a “market perform” rating and issued a $280.00 target price (down from $350.00) on shares of Charter Communications in a research note on Monday, November 3rd. Royal Bank Of Canada reduced their price target on shares of Charter Communications from $325.00 to $265.00 and set a “sector perform” rating for the company in a research report on Monday, November 3rd. Bank of America decreased their price target on shares of Charter Communications from $440.00 to $355.00 and set a “buy” rating on the stock in a report on Wednesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Charter Communications from $325.00 to $275.00 and set a “hold” rating for the company in a research note on Monday, November 3rd. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $321.13.

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.